Rogers Wireless Prices a Private Placement US $500 million Senior Secured Notes

Apr 27, 2001, 01:00 ET from Rogers AT&T Wireless

    TORONTO, April 27 /PRNewswire/ - Rogers Wireless Communications Inc.
 ("Rogers Wireless") (TSE: RCM.B; NYSE:   RCN) announced today that its
 subsidiary Rogers Wireless Inc. ("RWI") has priced a private placement in an
 aggregate amount of US $500 million (approximately Cdn $770 million) of 9.625%
 Senior (Secured) Notes due May 1, 2011 (the "Securities"). The Securities are
 being priced at a slight discount to par to yield 9.70%. The offering is being
 made pursuant to Rule 144A and is expected to be closed on Wednesday, May 2,
 2001.
     The net proceeds from the offering of the Securities will be used repay
 all outstanding advances under RWI's bank credit facility, to fund capital
 expenditures and for general corporate purposes.
     Rogers Wireless Inc. operates under the co-brand Rogers AT&T Wireless and
 is Canada's largest wireless voice communications service provider, with
 approximately 2.6 million wireless voice subscribers and offices in Canadian
 cities from coast to coast. Rogers AT&T Wireless provides a complete range of
 wireless solutions including Digital PCS, cellular, paging, two-way messaging,
 and wireless data services. Rogers AT&T Wireless is wholly owned by Rogers
 Wireless Communications Inc. (TSE: RCM.B; NYSE:   RCN), which, in turn, is 51%
 owned by Rogers Communications Inc. and 33.3% owned equally by AT&T Corp. and
 British Telecommunications plc.
     The Securities have not been, and will not be, registered under the
 Securities Act of 1933, as amended, and may not be offered or sold in the
 United States absent registration or an applicable exemption from registration
 requirements.
 
 

SOURCE Rogers AT&T Wireless
    TORONTO, April 27 /PRNewswire/ - Rogers Wireless Communications Inc.
 ("Rogers Wireless") (TSE: RCM.B; NYSE:   RCN) announced today that its
 subsidiary Rogers Wireless Inc. ("RWI") has priced a private placement in an
 aggregate amount of US $500 million (approximately Cdn $770 million) of 9.625%
 Senior (Secured) Notes due May 1, 2011 (the "Securities"). The Securities are
 being priced at a slight discount to par to yield 9.70%. The offering is being
 made pursuant to Rule 144A and is expected to be closed on Wednesday, May 2,
 2001.
     The net proceeds from the offering of the Securities will be used repay
 all outstanding advances under RWI's bank credit facility, to fund capital
 expenditures and for general corporate purposes.
     Rogers Wireless Inc. operates under the co-brand Rogers AT&T Wireless and
 is Canada's largest wireless voice communications service provider, with
 approximately 2.6 million wireless voice subscribers and offices in Canadian
 cities from coast to coast. Rogers AT&T Wireless provides a complete range of
 wireless solutions including Digital PCS, cellular, paging, two-way messaging,
 and wireless data services. Rogers AT&T Wireless is wholly owned by Rogers
 Wireless Communications Inc. (TSE: RCM.B; NYSE:   RCN), which, in turn, is 51%
 owned by Rogers Communications Inc. and 33.3% owned equally by AT&T Corp. and
 British Telecommunications plc.
     The Securities have not been, and will not be, registered under the
 Securities Act of 1933, as amended, and may not be offered or sold in the
 United States absent registration or an applicable exemption from registration
 requirements.
 
 SOURCE Rogers AT&T Wireless