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<SEC-DOCUMENT>0000950123-04-004670.txt : 20040415
<SEC-HEADER>0000950123-04-004670.hdr.sgml : 20040415
<ACCEPTANCE-DATETIME>20040415161229
ACCESSION NUMBER:		0000950123-04-004670
CONFORMED SUBMISSION TYPE:	F-10
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20040415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROGERS COMMUNICATIONS INC
		CENTRAL INDEX KEY:			0000733099
		STANDARD INDUSTRIAL CLASSIFICATION:	CABLE & OTHER PAY TELEVISION SERVICES [4841]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		F-10
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-114490
		FILM NUMBER:		04736024

	BUSINESS ADDRESS:	
		STREET 1:		333 BLOOR STREET EAST
		STREET 2:		10TH FLOOR
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M4W 1G9
		BUSINESS PHONE:		4160353532

	MAIL ADDRESS:	
		STREET 1:		333 BLOOR STREET EAST
		STREET 2:		10TH FLOOR
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M4W 1G9

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROGERS CABLESYSTEMS INC
		DATE OF NAME CHANGE:	19860425
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-10
<SEQUENCE>1
<FILENAME>y96229ffv10.htm
<DESCRIPTION>FORM F-10
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM F-10</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>As filed with the Securities and Exchange Commission on April&nbsp;15, 2004</B>



<P align="right" style="font-size: 10pt"><B>Registration
No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>



<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 14pt"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<P align="center" style="font-size: 18pt"><B>Form&nbsp;F-10</B>


<P align="center" style="font-size: 10pt"><B>REGISTRATION STATEMENT UNDER<BR>
THE SECURITIES ACT OF 1933</B>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<P align="center" style="font-size: 24pt"><B>Rogers Communications Inc.</B>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="34%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>British Columbia</B><BR>
<I>(Province or other jurisdiction of<BR>
incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>4841</B><BR>
<I>(Primary Standard Industrial<BR>
Classification Code Number)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>Not Applicable</B><BR>
<I>(I.R.S. Employer<BR>
Identification Number)</I></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">



<P align="center" style="font-size: 10pt"><B>333 Bloor Street East, 10th Floor<BR>
Toronto, Ontario M4W 1G9<BR>
(416)&nbsp;935-7777</B><BR>
<I>(Address and telephone number of Registrant&#146;s principal executive offices)</I>



<P align="center" style="font-size: 10pt"><B>CT Corporation System<BR>
111 Eighth Avenue, 13th Floor<BR>
New York, New York 10011<BR>
(212)&nbsp;894-8400</B><BR>
<I>(Name, address (including zip code) and telephone number (including area code)<BR>
of agent for service in the United States)</I>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">



<P align="center" style="font-size: 10pt"><B><I>Copies to:</I></B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top" nowrap><B>John T. Gaffney, Esq.<br>
Cravath, Swaine &#038; Moore LLP<br>
Worldwide Plaza <br>
825 Eighth Avenue<br>
New York, New York<br>
10019-7475<BR>
<br>
<br></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>David P. Miller, Esq. <br>
Rogers Communications Inc.<br>
333 Bloor Street East<br>
10th Floor<br>
Toronto, Ontario M4W 1G9<BR>
<br>
<br>
<br></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>John W. McIninch, Esq. <br>
Torys LLP<br>
Maritime Life Tower<br>
79 Wellington Street West<br>
Box 270 <br>
Toronto-Dominion Centre <br>
Toronto, Ontario M5K 1N2<br>
Canada</B></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">

<P align="left" style="font-size: 10pt">Approximate date of commencement of proposed sale of the securities to the
public: <B>As soon as practicable after this Registration Statement becomes
effective.</B>



<P align="center" style="font-size: 10pt"><B>Province of Ontario, Canada</B><BR>
<I>(Principal jurisdiction regulating this offering)</I><BR>
<HR align="center" size="1" noshade width="25%">


<P align="left" style="font-size: 10pt">It is proposed that this filing shall become effective (check appropriate box)



<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">A.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#254;</FONT> upon filing with the Commission, pursuant to Rule 467(a) (if in
connection with an offering being made contemporaneously in the United
States and Canada).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">B.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> at some future date (check the appropriate box below).</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> pursuant to Rule 467(b)
on
(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
at
(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) (designate
a time not sooner than 7 calendar days after filing).</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> pursuant to Rule 467(b)
on (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) at (&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) (designate
a time 7 calendar days or sooner after filing) because the
securities regulatory authority in the review jurisdiction has
issued a receipt or notification of clearance on
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> pursuant to Rule 467(b) as soon as practicable after
notification of the Commission by the Registrant or the Canadian
securities regulatory authority of the review jurisdiction that a
receipt or notification of clearance has been issued with respect
hereto.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT face="Wingdings">&#111;</FONT> after the filing of the next amendment to this Form (if
preliminary material is being filed).</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this Form are to be offered
on a delayed or continuous basis pursuant to the home jurisdiction&#146;s shelf
prospectus offering procedures, check the following box
<font face="wingdings">&#254;</font>


<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Title of each class of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate Offering</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>securities to be registered</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registered (1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Per Unit (1)(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Price (1)(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>registration fee</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Class&nbsp;B Non-Voting Shares (3)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Preferred Shares (4)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Debt Securities (5)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Warrants (6)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Share Purchase Contracts (7)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Units (8)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">750,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">100</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">750,000,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">US$</TD>
    <TD align="right">95,025</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P>

<HR size="1" width="18%" align="left" noshade>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">An indeterminate number of or aggregate principal amount of the
securities is being registered as may at various times be issued at
indeterminate prices, with an aggregate public offering price not to
exceed US$750,000,000 or the equivalent thereof in one or more currencies.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Estimated solely for purposes of calculating the amount of the
registration fee pursuant to the provisions of Rule 457(o) under the
Securities Act of 1933, as amended.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate number of Class&nbsp;B
Non-Voting Shares as from time to time may be issued at indeterminate
prices. An indeterminate number of Class&nbsp;B Non-Voting Shares may also be
issued upon settlement of the Share Purchase Contracts, Units, convertible
Debt Securities or convertible Preferred Shares. Includes Class&nbsp;B
Non-Voting Shares which may be purchased by underwriters to cover
over-allotments, if any.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate number of Preferred
Shares as from time to time may be issued at indeterminate prices. An
indeterminate number of Preferred Shares may also be issued upon
settlement of the Share Purchase Contracts, Units or convertible Debt
Securities. Includes Preferred Shares which may be purchased by
underwriters to cover over-allotments, if any.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate principal amount of
Debt Securities as may be sold from time to time. Includes Debt Securities
which may be purchased by underwriters to cover over-allotments, if any.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate number of Warrants
to purchase Preferred Shares, Class&nbsp;B Non-Voting Shares or Debt Securities
as from time to time may be issued at indeterminate prices. Includes
Warrants to purchase Preferred Shares, Class&nbsp;B Non-Voting Shares and Debt
Securities which may be purchased by underwriters to cover
over-allotments, if any.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate number of Share
Purchase Contracts to purchase Preferred Shares or Class&nbsp;B Non-Voting
Shares as from time to time may be issued at indeterminate prices.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">There is being registered hereunder an indeterminate number of Units that
may consist of a combination of other securities being registered
hereunder.</TD>
</TR>

</TABLE>



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">






<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">PART III</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;1. Undertaking</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;2. Consent to Service of Process</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="y96229fexv5w1.htm">EX-5.1: CONSENT OF KPMG LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y96229fexv5w2.htm">EX-5.2: CONSENT OF TORYS LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y96229fexv5w3.htm">EX-5.3: CONSENT OF CRAVATH SWAINE & MOORE LLP</A></TD></TR>
</TABLE>
</CENTER>
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<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION REQUIRED TO
BE<Br>
DELIVERED TO OFFEREES OR PURCHASERS</B>



<P align="center" style="font-size: 10pt">I-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt"><B><I>This short form prospectus has been filed under legislation in each
of the provinces of Canada that permits certain information about these
securities to be determined after this prospectus has become final and that
permits the omission from this prospectus of that information. The legislation
requires the delivery to purchasers of a prospectus supplement containing the
omitted information within a specified period of time after agreeing to
purchase any of these securities.</I></B>


<P align="left" style="font-size: 10pt"><I>No securities regulatory authority has expressed an opinion about these
securities and it is an offence to claim otherwise.</I>



<P align="center" style="font-size: 10pt">SHORT FORM BASE SHELF PROSPECTUS



<P align="center" style="font-size: 10pt">NEW ISSUE



<P align="right" style="font-size: 10pt">April&nbsp;15, 2004



<P align="center" style="font-size: 10pt"><IMG src="y96229fy9622900.gif" alt="(ROGERS LOGO)">


<P align="center" style="font-size: 24pt"><B>ROGERS COMMUNICATIONS INC.</B>

<P align="center" style="font-size: 14pt"><B>US$750,000,000</B>

<P align="center" style="font-size: 14pt"><B>Class&nbsp;B Non-Voting Shares</B>

<P align="center" style="font-size: 14pt"><B>Preferred Shares</B>

<P align="center" style="font-size: 14pt"><B>Debt Securities</B>

<P align="center" style="font-size: 14pt"><B>Warrants</B>

<P align="center" style="font-size: 14pt"><B>Share Purchase Contracts</B>

<P align="center" style="font-size: 14pt"><B>Units</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may offer from time to time, during the 25&nbsp;month period that this
prospectus, including any amendments hereto, remains effective up to
US$750,000,000 of the securities listed above in one or more series or
issuances and their total offering price, in the aggregate, will not exceed
US$750,000,000. Our securities may be offered separately or together, in
amounts, at prices and on terms to be determined based on market conditions and
set forth in an accompanying shelf prospectus supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will provide the specific terms of any securities we actually offer in
supplements to this prospectus. You should read this prospectus and any
applicable prospectus supplement carefully before you invest. This prospectus
may not be used to offer securities unless accompanied by a prospectus
supplement. Any net proceeds we expect to receive from the issue of our
securities will be set forth in a prospectus supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our outstanding Class&nbsp;B Non-Voting shares are listed for trading on the
Toronto Stock Exchange under the symbol &#147;RCI.B&#148; and the New York Stock Exchange
under the symbol &#147;RG.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing in our securities involves risks. See &#147;Risk Factors.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Under the multijurisdictional disclosure system adopted by the U.S.
Securities and Exchange Commission, we are permitted to prepare this prospectus
in accordance with Canadian disclosure requirements, which are different from
those of the United States. We prepare our financial statements in accordance
with Canadian generally accepted accounting principles, and are subject to
Canadian auditing and auditor independence standards. They may not be
comparable to financial statements of U.S. companies.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Owning the securities may subject you to tax consequences in the United
States, Canada and other jurisdictions. This prospectus does not describe tax
considerations that may be relevant to you. You should read the tax
discussion, if any, in any applicable prospectus supplement.</B>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Your ability to enforce civil liabilities under the U.S. federal
securities laws may be affected adversely because we are organized under the
laws of British Columbia, Canada, most of our directors, substantially all of
our officers and certain of the experts named in this prospectus are Canadian
residents, and many of our assets are located outside the United States.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE OR PROVINCIAL
SECURITIES REGULATOR HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR
DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO
THE CONTRARY IS A CRIMINAL OFFENSE.</B>


<P align="center" style="font-size: 10pt">2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>TABLE OF CONTENTS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">PRESENTATION OF OUR FINANCIAL INFORMATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXCHANGE RATE DATA</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">FORWARD-LOOKING STATEMENTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">ROGERS COMMUNICATIONS INC.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OUR BUSINESS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OUR STRATEGY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">RECENT DEVELOPMENTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">RISK FACTORS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">USE OF PROCEEDS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DESCRIPTION OF DEBT SECURITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DESCRIPTION OF SHARE CAPITAL</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DESCRIPTION OF WARRANTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DESCRIPTION OF SHARE PURCHASE CONTRACTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DESCRIPTION OF UNITS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">PLAN OF DISTRIBUTION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CERTAIN INCOME TAX CONSIDERATIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DOCUMENTS INCORPORATED BY REFERENCE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LEGAL MATTERS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INDEPENDENT CHARTERED ACCOUNTANTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">AUDITORS, TRANSFER AGENT AND REGISTRAR</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><B>You should rely only on the information contained in or incorporated by
reference into this prospectus or any prospectus supplement. References to
this &#147;prospectus&#148; include documents incorporated by reference therein. See
&#147;Documents Incorporated by Reference.&#148; The information in or incorporated by
reference into this prospectus is current only as of its date. We have not
authorized anyone to provide you with information that is different. This
document may only be used where it is legal to sell these securities.</B>



<P align="center" style="font-size: 10pt"><B>ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a corporation organized under the laws of British Columbia, Canada
and some of our assets are located in, and most of our directors and
substantially all of our officers are residents of, Canada. As a result, it
may be difficult for U.S. investors to effect service of process within the
United States upon our directors or officers, or to realize in the United
States upon judgments of courts of the United States predicated upon civil
liability of such directors or officers under U.S. federal securities laws. We
have been advised by Torys LLP, our Canadian counsel, that there is some doubt
as to the enforceability in Canada of liabilities predicated solely upon U.S.
federal securities laws.


<P align="center" style="font-size: 10pt"><B>PRESENTATION OF OUR FINANCIAL INFORMATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our consolidated financial statements have been prepared in accordance
with the accounting principles generally accepted in Canada (Canadian GAAP).
For a discussion of the principal differences between Canadian GAAP and the
accounting principles generally accepted in the United States (U.S. GAAP), see
Note 22 to our audited consolidated financial statements incorporated by
reference in this prospectus. We state our consolidated financial statements
in Canadian dollars. In this prospectus, references to Canadian dollars,
&#147;Cdn$&#148; and &#147;$&#148; are to the currency of Canada and references to U.S. dollars or
&#147;US$&#148; are to the currency of the United States.


<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>EXCHANGE RATE DATA</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, for each period indicated, the low and
high exchange rates for Canadian dollars expressed in United States dollars,
the exchange rate at the end of such period and the average of such exchange
rates for each day during such period, based on the inverse of the noon buying
rate in The City of New York for cable transfers in Canadian dollars as
certified for customs purposes by the Federal Reserve Bank of New York:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="19"><B>Year Ended December 31,</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>1999</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2000</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2001</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2002</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2003</B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD align="right"><DIV style="margin-left:10px; text-indent:-10px">Low</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6535</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6410</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6241</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6349</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right"><DIV style="margin-left:10px; text-indent:-10px">High</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6925</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6969</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6697</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6619</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7738</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD align="right"><DIV style="margin-left:10px; text-indent:-10px">Period End</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6925</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6669</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6279</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7738</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="right"><DIV style="margin-left:10px; text-indent:-10px">Average</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6732</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6457</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.6368</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.7136</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April&nbsp;14, 2004, the inverse of the noon buying rate was US$0.7438 =
Cdn$1.00.


<P align="center" style="font-size: 10pt"><B>FORWARD-LOOKING STATEMENTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus includes forward-looking statements concerning the future
performance of our business, operations and financial performance and
condition. When used in this prospectus the words &#147;believe&#148;, &#147;anticipate&#148;,
&#147;intend&#148;, &#147;estimate&#148;, &#147;expect&#148;, &#147;project&#148; and similar expressions are intended
to identify forward-looking statements, although not all forward-looking
statements contain such words. These forward-looking statements are based on
current expectations. We caution that all forward-looking information is
inherently uncertain and actual results may differ materially from the
assumptions, estimates or expectations reflected or contained in the
forward-looking information, and that actual future performance will be
affected by a number of factors, including economic conditions, technological
change, regulatory change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary significantly from what
we currently foresee. We are under no obligation (and expressly disclaim any
such obligation) to update or alter the forward-looking statements whether as a
result of new information, future events or otherwise. For a more detailed
discussion of factors that may affect actual results, see &#147;Risk Factors&#148;.


<P align="center" style="font-size: 10pt"><B>ROGERS COMMUNICATIONS INC.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Unless the context otherwise requires, the terms &#147;RCI&#148;, &#147;Company&#148;, &#147;we&#148;,
&#147;us&#148; and &#147;our&#148; refer to Rogers Communications Inc. and its subsidiaries.</I>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a diversified national Canadian communications company engaged in
cable television, broadband Internet (Internet) access and video retailing
through our wholly-owned subsidiary Rogers Cable Inc. (Rogers Cable or Cable),
in wireless voice, data and messaging services through our 55.8% owned
subsidiary Rogers Wireless Communications Inc. and its subsidiaries
(collectively, Rogers Wireless or Wireless), and in radio and television
broadcasting, televised shopping, consumer magazines and trade and professional
publications through our wholly-owned subsidiary Rogers Media Inc. (Rogers
Media or Media). In addition, we hold other investment interests, including an
interest in the Toronto Blue Jays Baseball Club (the Blue Jays) and in a
pay-per-view movie service as well as in several digital specialty channels,
all of which are accounted for by the equity method.


<P align="center" style="font-size: 10pt"><B>OUR BUSINESS</B>



<P align="left" style="font-size: 10pt"><B>Rogers Cable</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Cable is Canada&#146;s largest cable television company, serving close
to 2.3&nbsp;million basic cable subscribers at December&nbsp;31, 2003, representing
approximately 29% of basic cable subscribers in Canada. At December&nbsp;31, 2003,
Cable provided digital cable services to approximately 535,300 subscribers and
Internet service to approximately 790,500 subscribers.



<P align="center" style="font-size: 10pt">4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable has highly-clustered and technologically advanced broadband networks
in Ontario, New Brunswick and Newfoundland. Cable&#146;s Ontario cable systems,
which comprise approximately 90% of its 2.3&nbsp;million basic cable subscribers,
are concentrated in three principal clusters in and around: (i)&nbsp;the greater
Toronto area, Canada&#146;s largest metropolitan centre; (ii)&nbsp;Ottawa, the capital
city of Canada; and (iii)&nbsp;the Guelph to London corridor in southern Ontario.
Cable&#146;s New Brunswick and Newfoundland cable systems in Atlantic Canada
comprise the balance of its subscribers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Through Cable&#146;s technologically advanced broadband networks, Cable offers
a diverse range of services, including analogue and digital cable television
services and residential and commercial Internet services. At December&nbsp;31,
2003, 99% of the homes passed in Cable&#146;s service areas had digital cable
available and 96% of the homes passed were two-way addressable. Cable also
offers videocassette, Digital Video Disc (DVD)&nbsp;and video game sales and rentals
through Rogers Video, Canada&#146;s second largest chain of video stores. There
were 279 Rogers Video stores at December&nbsp;31, 2003, many of which provide
customers with the additional ability to purchase cable and wireless products
and services, to pay their cable television, Internet or Rogers Wireless bills
and to pick up and return cable TV and Internet equipment.


<P align="left" style="font-size: 10pt"><B>Rogers Wireless</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Wireless is a leading wireless communications service provider in
Canada, serving over 4.0&nbsp;million customers as of December&nbsp;31, 2003, including
approximately 3.8&nbsp;million wireless voice and data subscribers and approximately
241,000 one-way messaging subscribers. Wireless operates both a Global System
for Mobile Communications/General Packet Radio Service, or GSM/GPRS, network
and an integrated Time Division Multiple Access, or TDMA, and analogue network.
Wireless&#146; GSM/GPRS network provides coverage to approximately 93% of Canada&#146;s
population. Wireless&#146; integrated TDMA and analogue network covers a geographic
area representing approximately 85% of Canada&#146;s population in digital mode and
approximately 93% of Canada&#146;s population in analogue mode. Wireless estimates
that its approximately 3.8&nbsp;million wireless voice and data subscribers
represent approximately 12.9% of the Canadian population residing in its
coverage area. Subscribers to the Rogers Wireless wireless services have
access to these services throughout the United States through agreements with
AT&#038;T Wireless Services, Inc. (AT&#038;T Wireless) and other U.S. operators.
Wireless&#146; subscribers also have access to international service in over 110
countries, including throughout Europe and Asia, through roaming agreements
with other wireless communication providers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless offers wireless voice, messaging and data services across Canada.
Wireless&#146; GSM/GPRS network provides customers with advanced wireless voice and
high-speed packet data services, including mobile access to the Internet,
e-mail, digital picture transmission and two-way short messaging service, or
SMS. In June&nbsp;2002, Wireless completed the deployment of its digital wireless
GSM/GPRS network overlay in the 1900 megahertz frequency bands. During 2003,
Wireless also completed the deployment of GSM/GPRS technology operating in the
850 megahertz spectrum across its national footprint, which expanded the
network capacity, enhanced the quality of the GSM/GPRS network and enabled
Wireless to operate seamlessly between the two frequencies. In late 2003,
Wireless began trials of Enhanced Data Rates for GSM Evolution, or EDGE,
technology in the Vancouver, British Columbia market. Accomplished by the
installation of a network software upgrade, EDGE more than triples the wireless
data transmission speeds available on Wireless&#146; network. Wireless intends to
begin deploying EDGE across its national GSM/GPRS network during 2004.
Wireless&#146; integrated wireless networks are operationally seamless in GSM/GPRS
and TDMA digital functionality between the 850 megahertz and 1900 megahertz
frequency bands, and between TDMA digital and analogue modes at 850 megahertz.


<P align="left" style="font-size: 10pt"><B>Rogers Media</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rogers Media holds our radio and television broadcasting operations, our
consumer and trade publishing operations and our televised home shopping
service. The Broadcasting group (Broadcasting) comprises 43 radio stations
across Canada (32 FM and 11 AM radio stations), two multicultural television
stations in Ontario (OMNI.1 and OMNI.2), an 80% interest in a sports specialty
service licenced to provide regional sports programming across Canada (Rogers
Sportsnet), and Canada&#146;s only nationally televised shopping service (The
Shopping Channel). Broadcasting holds minority interests in several Canadian
specialty television services, including Viewers Choice Canada, Outdoor Life
Network (OLN), TechTV Canada, The Biography Channel Canada, MSNBC Canada and
certain other minority interest investments. The Publishing group (Publishing)
produces approximately 70


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<P align="left" style="font-size: 10pt">consumer magazines and trade and professional publications and
directories. In addition to the more traditional broadcast and print media
platforms, the Media group also delivers content over the Internet relating to
many of its individual broadcasting and publishing properties.


<P align="center" style="font-size: 10pt"><B>OUR STRATEGY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our strategic initiatives include the following:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rogers Communications. </I>Our business strategy is to maximize revenue,
operating income and return on invested capital by maintaining and enhancing
our position as one of Canada&#146;s leading national diversified communications and
media companies. Our objective is to be the preferred provider of
communications, entertainment and information services to Canadians. We seek
to take advantage of opportunities to leverage our networks, infrastructure,
sales channels and marketing opportunities across our group of companies to
create value for our customers and shareholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We help to identify and facilitate opportunities for our cable, wireless
and media businesses to create bundled product and service offerings, as well
as for the cross-marketing and cross-promotion of products and services to
increase sales and enhance subscriber loyalty. We also work to identify and
implement areas of opportunity for our businesses that will enhance operating
efficiencies and capital utilization by sharing infrastructure, corporate
services and sales distribution channels. During 2003, the sharing of call
centre and information technology infrastructure enabled us to form an
integrated Cable and Wireless customer service group serving the needs of
customers subscribing to both Cable and Wireless services. We also offer a
combined bill for customers who subscribe to multiple services from across the
Rogers group of companies.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rogers Cable. </I>Rogers Cable seeks to maximize its revenue, operating
income and return on invested capital by leveraging its technologically
advanced cable network to meet the information, entertainment and
communications needs of its subscribers, from basic cable television to
advanced two-way cable services, including digital cable, Internet access,
pay-per-view (PPV)&nbsp;services, video-on-demand (VOD), personal video recorder
(PVR)&nbsp;services and high-definition television (HDTV). The key elements of
Cable&#146;s strategy are as follows:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>clustering cable systems in and around metropolitan areas;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>offering a wide selection of products and services;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>maintaining technologically advanced cable networks;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continuing to focus on increased quality and reliability of service;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>leveraging its relationships within our group of companies to
identify opportunities for bundled product and service offerings as
well as for cost and infrastructure sharing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continuing to develop brand awareness and to promote the
Rogers brand as a symbol of quality, innovation and value and of a
diversified Canadian media and communications company; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>deploying advanced IP capabilities to provide high quality
digital primary line voice telephony service.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rogers Wireless. </I>Wireless&#146; goal is to achieve profitable growth within
the Canadian wireless communications industry and its strategy is designed to
maximize its cash flow and return on invested capital. The key elements of
Wireless&#146; strategy are as follows:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>focusing on voice and data services that are attractive to
youth and small and medium size businesses to optimize Wireless&#146;
customer mix;</TD>
</TR>

</TABLE>



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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>delivering on customer expectations by improving handset
reliability, network quality and customer service while reducing
subscriber deactivations, or churn;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increasing revenue from existing customers by utilizing
analytical tools to target customers likely to purchase optional
services such as voicemail, calling line ID, text messaging and
wireless Internet;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enhancing Wireless&#146; sales distribution channels to increase
its focus on youth and business customers;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>maintaining a technologically advanced, high quality and
pervasive network by improving the quality of its GSM/GPRS network
and increasing capacity; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>leveraging relationships with our group of companies to
provide bundled product and service offerings at attractive prices,
in addition to implementing cross-selling and joint sales
distribution initiatives as well as cost reduction initiatives
through infrastructure sharing.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rogers Media. </I>Media seeks to maximize revenues, operating income and
return on invested capital across each of its businesses. Media&#146;s strategies
to achieve this objective include:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>focusing on specialized content and audiences through
continued development of its portfolio of specialty channel
investments, radio properties and publications;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>continuing to leverage its strong brand names to increase
advertising and subscription revenues, assisted by the
cross-promotion of its properties both across its media formats and
in association with of the &#147;Rogers&#148; brand; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>focusing on growth and continuing to cross-sell advertising
and share content across its properties and over its multiple media
platforms.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><B>RECENT DEVELOPMENTS</B>



<P align="left" style="font-size: 10pt"><B>Voice-Over-Cable Telephony Initiative</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Together with Cable, we announced an initiative on February&nbsp;12, 2004, to
deploy an advanced broadband Internet Protocol (IP)&nbsp;multimedia network to
support primary line voice-over-cable telephony and other new services across
cable service areas. This investment plan, the completion of which assumes a
regulatory environment supportive of competition from voice-over-cable
telephony, includes the capital costs required to deploy a scalable primary
line quality digital voice-over-cable telephony service utilizing PacketCable
and DOCSIS standards, including the costs associated with switching, transport,
IP network redundancy, multi-hour network and customer premises powering,
network status monitoring, customer premises equipment, information
technologies and systems integration. We expect the property, plant and
equipment (PP&#038;E) expenditures required to deploy this platform will be
approximately $200&nbsp;million over two years. We also expect the majority of the
PP&#038;E expenditures will occur in the first 12 to 18&nbsp;months of the deployment,
with 2004 expenditures expected to be between $140&nbsp;million and $170&nbsp;million.
Once this initial platform is deployed, the additional variable PP&#038;E
expenditures associated with adding each voice-over-cable telephony service
subscriber, which includes uninterruptible backup powering at the home, is
expected to be in the range of $300 to $340 per subscriber.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are currently refining our business strategies with respect to
voice-over-cable telephony services. As a result, the PP&#038;E expenditures, costs
and timeline described above are initial estimates. In addition, we are
considering offering the telephony services described above through Rogers
Telecom Inc. (Rogers Telecom), which is one of our wholly-owned subsidiaries.
We have recently announced the hiring of Michael Adams, an industry executive,
as Executive Vice President and Chief Operating Officer of Cable who will,
among other things, be responsible for the implementation of Cable&#146;s telephony
initiative. Although our business strategies and organizational structure with
respect to telephony services continue to be refined, Cable plans to incur most
or all of


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<P align="left" style="font-size: 10pt">the PP&#038;E expenditures described above to upgrade its network to an
advanced broadband multimedia platform capable of supporting voice-over-cable
telephony and other new services. In the event that Rogers Telecom offers
voice-over-cable telephony services, Cable would enter into an agreement with
Rogers Telecom that could relate to, among other things, access to and the use
of Cable&#146;s network.


<P align="left" style="font-size: 10pt"><B>Agreement with Yahoo!</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In January&nbsp;2004, Cable announced an agreement with Yahoo! Inc. (Yahoo) to
provide co-branded Internet services to current and future customers of Cable&#146;s
Internet access services. Under the multi-year agreement, in return for the
payment of a monthly fee, Yahoo will assume operation of Cable&#146;s e-mail
services and provide a suite of customized Yahoo content, products and services
to Cable&#146;s Internet access customers. The content, products and services
include the following:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a customizable browsing environment;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>personalized homepage;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enhanced e-mail services such as spam control, parental
controls, premium pop-up blocking and storage; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>enhanced instant messaging capabilities and multi-media
services.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depending on the level of Internet access service subscribed to,
subscribers will receive some or all of these features as part of their
subscription. The agreement also contemplates Cable&#146;s collaborating with Yahoo
to offer premium packages of products and services to subscribers for an
additional fee.


<P align="left" style="font-size: 10pt"><B>Termination of Brand Licence Agreement</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;2003, Wireless and AT&#038;T Canada Enterprises Inc. amended
Wireless&#146; brand license agreement to permit Wireless to terminate the agreement
at any time, but not later than March&nbsp;31, 2004. Wireless terminated the
agreement effective March&nbsp;8, 2004. Wireless is now operating under the Rogers
Wireless brand name.


<P align="left" style="font-size: 10pt"><B>Debt Redemptions and Offerings</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;20, 2004, Rogers Wireless completed a private placement in an
aggregate principal amount of US$750&nbsp;million of 6.375% senior (secured)&nbsp;notes
due 2014. On March&nbsp;26, 2004, Wireless redeemed the US$196.1&nbsp;million principal
amount of its 8.30% senior secured notes due 2007, the US$179.1&nbsp;million
principal amount of its 8.80% senior subordinated notes due 2007 and the
US$333.2&nbsp;million principal amount of its 9.375% senior secured debentures due
2008, together with related redemption premiums. Wireless estimates that the
net proceeds from the issuance of the notes was approximately US$741.9&nbsp;million
(Cdn$958.8&nbsp;million based on the noon exchange as reported by the Bank of Canada
on December&nbsp;31, 2003 of US$1.00 = Cdn$1.2924) after deduction of expenses and
commissions. On March&nbsp;26, 2004, Wireless used approximately US$734.7&nbsp;million
of the net proceeds from the February&nbsp;2004 private placement noted above to pay
the redemption price, including the redemption premiums, of the redemptions
noted above, and the balance of the net proceeds were used by Wireless for
general corporate purposes.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;23, 2004, Rogers Cable redeemed $300.0&nbsp;million aggregate
principal amount of its 9.65% senior secured second priority debentures due
2014 at a redemption price of 104.825% of the aggregate principal amount. On
March&nbsp;11, 2004, Cable completed a private placement in an aggregate principal
amount of US$350&nbsp;million of 5.500% senior (secured)&nbsp;second priority notes due
2014. Cable estimates that the net proceeds from the issuance of the notes was
approximately US$344.1&nbsp;million (Cdn$444.7&nbsp;million based on the noon exchange
rate as reported by the Bank of Canada on December&nbsp;31, 2003 of US$1.00 =
Cdn$1.2924) after deduction of expenses and commissions. Cable used
approximately Cdn$314.5&nbsp;million of the net proceeds to refinance a drawdown
under its bank credit facility which was used to fund the February&nbsp;2004
redemption noted above. Cable used Cdn$52.5


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<P align="left" style="font-size: 10pt">million of the net proceeds to repay other existing indebtedness
outstanding under the bank credit facility and intends to use the balance for
general corporate purposes.


<P align="center" style="font-size: 10pt"><B>RISK FACTORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>An investment in our securities involves risk. You should carefully
consider the following risk factors, as well as the other information contained
in and incorporated by reference into this prospectus, before deciding whether
to invest in our securities. Any of the following risks could materially
adversely affect our business, financial condition or results of operations.
Additional risks and uncertainties not currently known to us or that we
currently deem to be immaterial may also materially and adversely affect our
business, financial condition or results of operations.</I>


<P align="left" style="font-size: 10pt"><B>Risks Relating to RCI</B>


<P align="left" style="font-size: 10pt"><B><I>Our holding company structure may limit our ability to meet our financial obligations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a holding company, our ability to meet our financial obligations is
dependent primarily upon the receipt of interest and principal payments on
intercompany advances, management fees, cash dividends and other payments from
our subsidiaries together with proceeds raised by us through the issuance of
equity and debt and from the sale of assets.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Substantially all of our business activities are operated by our
subsidiaries, other than certain centralized functions such as payables,
remittance processing, call centres and certain shared information technology
functions. All of our subsidiaries are distinct legal entities and have no
obligation, contingent or otherwise, to make funds available to us whether by
dividends, interest payments, loans, advances or other payments, subject to
payment arrangements on intercompany advances and management fees. In
addition, the payment of dividends and the making of loans, advances and other
payments to us by these subsidiaries are subject to statutory or contractual
restrictions, are contingent upon the earnings of those subsidiaries and are
subject to various business and other considerations. The subsidiaries are
parties to various agreements, including certain loan agreements, that restrict
the ability of the respective subsidiaries to pay cash dividends or make
advances or other payments to us.


<P align="left" style="font-size: 10pt"><B><I>We are controlled by one shareholder, whose interests may conflict with those of other shareholders.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As at December&nbsp;31, 2003, we had outstanding 56,235,394 Class&nbsp;A Voting
shares. To the knowledge of our directors and officers, the only person or
corporation beneficially owning, directly or indirectly, or exercising control
or direction over more than 10% of our outstanding voting shares is Edward S.
Rogers. As of December&nbsp;31, 2003, Edward S. Rogers beneficially owns or
controls 51,116,099 of our Class&nbsp;A Voting shares, representing approximately
90.9% of the issued and outstanding Class&nbsp;A Voting shares, which class is the
only class of issued shares carrying the right to vote in all circumstances.
Accordingly, Edward S. Rogers is, and will continue to be after this offering,
able to elect a majority of our board of directors and to control the vote on
matters submitted to a vote of our shareholders. The interests of Edward S.
Rogers may not correspond with those of other shareholders. For purposes of
the foregoing, a reference to &#147;Edward S. Rogers&#148; includes Edward S. Rogers,
O.C., the President and Chief Executive Officer and a director of our company,
and certain corporations, other than us, owned or controlled directly or
indirectly by him and trusts for the benefit of Mr.&nbsp;Rogers and his family.

<P align="left" style="font-size: 10pt"><B><I>The operation of our business requires substantial capital, and there is no
guarantee that financing will be available to meet those requirements.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The operation of our networks, the marketing and distribution of our
products and services and future technology upgrades of the networks will
require substantial capital resources. We had approximately $5.3&nbsp;billion of
long-term debt outstanding at December&nbsp;31, 2003. Our PP&#038;E spending on a
consolidated basis in 2003 was approximately $964&nbsp;million. Significant
additional PP&#038;E expenditures will also be required during 2004 and in the
future.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The actual amount of PP&#038;E expenditures required to finance our operations
and network development may vary materially from our estimates. We may incur
significant additional capital expenditures in the future as a result of
unforeseen delays in the development of our networks, cost overruns, customer
demand, unanticipated expenses, regulatory changes or other events that affect
our businesses, and may need to obtain additional funds as a result of these
unforeseen events. We anticipate that additional debt financing may be needed
to fund cash requirements in the future. We cannot predict whether such
financing will be available, what the terms of such additional financing would
be or whether existing debt agreements would allow additional financing at that
time. If we cannot obtain additional financing when needed, we will have to
delay, modify or abandon some of our plans. This could slow our growth and
negatively impact our ability to compete.

<P align="left" style="font-size: 10pt"><B><I>The sale of the interest in Rogers Wireless held by AT&#038;T Wireless or a change
in Wireless&#146; relationship with AT&#038;T Wireless could adversely impact our
financial position.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2003, AT&#038;T Wireless owned 34.2% of the total equity of
Rogers Wireless. AT&#038;T Wireless has recently reported that it is exploring its
strategic alternatives, including a possible sale of its interest in Rogers
Wireless. On February&nbsp;17, 2004, AT&#038;T Wireless and Cingular Wireless LLC
announced that Cingular Wireless LLC had agreed to acquire AT&#038;T Wireless,
subject to various approvals. Any decision by AT&#038;T Wireless or a successor
company to sell all or a portion of its shares in Rogers Wireless is subject to
the terms of a shareholders&#146; agreement. We do not know the intentions of AT&#038;T
Wireless with respect to its investment in Rogers Wireless. If AT&#038;T Wireless
decides to sell its interest in Rogers Wireless and we determine that it is in
our best interest to purchase AT&#038;T Wireless&#146; ownership interest in Rogers
Wireless, we would need to raise capital to finance the purchase, which could
adversely impact our liquidity, financial condition or results of operations.


<P align="left" style="font-size: 10pt"><B><I>Our substantial leverage may have adverse consequences.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our substantial debt may have important consequences. For instance, it could:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>make it more difficult for us to satisfy our financial obligations;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>require us to dedicate a substantial portion of any cash flow
from operations to the payment of interest and principal due under
our debt, which will reduce funds available for other business
purposes;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>increase our vulnerability to general adverse economic and
industry conditions;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limit our flexibility in planning for, or reacting to,
changes in our businesses and the industries in which we operate;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>place us at a competitive disadvantage compared to some of
our competitors that have less financial leverage; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>limit our ability to obtain additional financing required to
fund working capital and capital expenditures and for other general
corporate purposes.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our ability to satisfy our obligations and to reduce our total debt
depends on our future operating performance and on economic, financial,
competitive and other factors, many of which are beyond our control. Our
business may not generate sufficient cash flow and future financings may not be
available to provide sufficient net proceeds to meet these obligations or to
successfully execute our business strategies.


<P align="left" style="font-size: 10pt"><B><I>We may experience
adverse effects due to exchange rate and interest rate fluctuations.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nearly all of our business is transacted in Canadian dollars.
Accordingly, we are exposed to foreign exchange rate risk on our U.S. dollar
denominated debt. The exchange rate between Canadian dollars and U.S. dollars,
although historically less volatile than those of certain other foreign
currencies, has varied significantly over the last three years. See &#147;Exchange
Rate Data&#148;. Foreign exchange and interest rate fluctuations may materially


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<P align="left" style="font-size: 10pt">adversely affect our financial performance or results of operations. For
a more complete discussion on the impact of exchange rate and interest rate
fluctuations, see the section entitled &#147;Interest Rate and Foreign Exchange
Management&#148; in our 2003 management&#146;s discussion and analysis, incorporated by
reference into this prospectus.


<P align="left" style="font-size: 10pt"><B><I>Regulatory changes could adversely affect our results of operations.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Substantially all of our business activities (except for the
non-broadcasting operations of Rogers Media) are regulated by the Canadian
Federal Department of Industry, Science and Technology, on behalf of the
Minister of Industry (Canada) (collectively &#147;Industry Canada&#148;) and the Canadian
Radio-television and Telecommunications Commission (CRTC)&nbsp;under the
<I>Telecommunications Act </I>(Canada), the <I>Radiocommunication Act </I>(Canada) and the
<I>Broadcasting Act </I>(Canada), and accordingly our results of operations on a
consolidated basis are affected by changes in regulations and decisions by
these regulators. Such regulation relates to, among other things, licensing,
competition, the specific cable television programming services that we must
distribute, the rates we may charge to provide access to our network by third
parties, resale of our networks and roaming on to our networks, our operation
and ownership of communications systems and our ability to acquire an interest
in other communications systems. In addition, our cable, cellular, PCS, paging
and broadcasting licences may not generally be transferred without regulatory
approval. Changes in the regulation of our business activities, including
decisions by regulators affecting our operations (such as the granting or
renewal of licences or decisions as to rates we may charge our customers), or
changes in interpretations of existing regulations by courts or regulators,
could adversely affect our consolidated results of operations.

<P align="left" style="font-size: 10pt"><B><I>Restrictions on non-Canadian ownership and control may adversely affect our
cost of capital.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our regulated subsidiaries must be Canadian-owned and controlled under
requirements enacted or adopted under the <I>Broadcasting Act </I>(Canada), the
<I>Telecommunications Act </I>(Canada) and the <I>Radiocommunication Act </I>(Canada). The
requirements generally provide that Canadians must own at least 80% of the
voting shares of the regulated entities, at least 80% of the members of the
board of directors must be Canadian, and the entities must not be controlled in
fact by non-Canadians. In addition, no more than 33 1/3% of the voting shares
of a parent company, such as us or Rogers Wireless, may be held by
non-Canadians and the parent company must not be controlled in fact by
non-Canadians in order that such parent corporation may qualify as Canadian.
These restrictions on non-Canadian ownership and control may have an adverse
effect on us, including on our cost of capital. Our Articles and the Articles
of Rogers Wireless contain provisions which constrain the issue and transfer of
certain classes of shares, including our Class&nbsp;B Non-Voting shares, for the
purpose of ensuring that we and our subsidiaries remain eligible to hold
licences or to carry on businesses which are subject to non-Canadian ownership
and control restrictions. We are in compliance with all applicable Canadian
ownership and control requirements.


<P align="left" style="font-size: 10pt"><B><I>Our relationship with Rogers Wireless may create conflicts of interest.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because Restricted Voting shares of Rogers Wireless representing
approximately 10% of Rogers Wireless&#146; total equity are currently publicly
traded, our transactions with Rogers Wireless and its subsidiaries are
currently subject to Rogers Wireless&#146; obligation to these minority shareholders
and to AT&#038;T Wireless, Wireless&#146; other significant shareholder. Our directors
and officers who are also directors or officers of Rogers Wireless have certain
fiduciary duties to those companies and may find themselves in a position where
their duties as our director or officer are in conflict with their duties as a
director or officer of Rogers Wireless with respect to transactions involving
us and Rogers Wireless. There can be no assurance that any such conflict will
be resolved in favour of us.


<P align="left" style="font-size: 10pt"><B><I>We may engage in unsuccessful acquisitions and divestitures.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisitions of complementary businesses and technologies, development of
strategic alliances and divestitures of portions of our business are an active
part of our overall business strategy. Services, technologies, key personnel
or businesses of acquired companies may not be effectively assimilated into our
business or service offerings and our alliances may not be successful. We may
not be able to successfully complete any divestitures on satisfactory terms, if
at all. Divestitures may result in a reduction in our total revenues and net
income.



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<P align="left" style="font-size: 10pt"><B><I>We may be involved in legal proceedings that may have an adverse impact on us.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From time to time, we are involved in litigation or other legal
proceedings relating to claims arising out of our operations. The results of
these matters cannot be predicted with certainty. We may determine that it is
necessary or desirable to settle one or more of these claims on terms that are
adverse to us or one or more of these matters may be determined adversely to
our interests and a substantial judgment may be awarded against us. If either
of the foregoing events were to occur, there could be a material adverse impact
on our business, financial condition, liquidity or results of operations.


<P align="left" style="font-size: 10pt"><B>Risks Relating to Our Cable Business</B>

<P align="left" style="font-size: 10pt"><B><I>Cable may fail to achieve expected revenue growth from new and advanced cable
products and services.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable expects that a substantial portion of future growth will be achieved
from new and advanced cable, Internet and IP products and services.
Accordingly, Cable has invested significant capital resources in the
development of a technologically advanced cable network in order to support a
wide variety of advanced cable products and services and has invested
significant resources in the development of new services to be provided over
the network. However, consumers may not provide sufficient demand for the
enhanced cable products and services that are offered. In addition, any
initiatives to increase prices for Cable&#146;s services may result in increased
churn of its subscribers and a reduction in the total number of subscribers.
Alternatively, Cable may fail to anticipate demand for certain products and
services, or may not be able to offer or market these new products and services
successfully to subscribers. Cable&#146;s failure to retain existing subscribers
while increasing pricing or attract subscribers to new products and services,
or failure to keep pace with changing consumer preferences for cable products
and services, could slow revenue growth and have a material adverse effect on
Cable&#146;s business and financial condition.

<P align="left" style="font-size: 10pt"><B><I>Cable plans to invest substantial resources in connection with voice-over-cable
telephony services and may not recover all or any of its investment.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with our offering of telephony services, we anticipate that
Cable will invest approximately $200&nbsp;million of PP&#038;E expenditures over the next
two years, with approximately $140&nbsp;million to $170&nbsp;million of the investment
occurring in 2004. Once this initial platform is deployed, the additional
variable PP&#038;E expenditures associated with adding each voice-over-cable
telephony service subscriber, which includes uninterruptible back-up powering
at the home, is expected to be in the range of $300 to $340 per subscriber
addition. We do not expect to generate significant revenue, if any, from this
investment during the next few years. We also cannot predict whether our
voice-over-cable telephony services will be accepted by our customers or
whether our voice-over-cable telephony services will be competitive, from a
quality and price perspective, with other telephony services that will be
available to our customers. In addition, in deciding to invest in
voice-over-cable telephony services at this time, we have assumed that certain
changes to applicable telephony regulation in Canada will occur prior to the
commercial launch of our telephony services. If these regulatory changes do
not occur, we may not offer voice-over-cable telephony services as currently
contemplated. As a result of these uncertainties, we may not recover any or
all of our investment in telephony services, which could have a material
adverse effect on its business and financial condition.

<P align="left" style="font-size: 10pt"><B><I>Cable has substantial capital requirements and intends to make substantial
capital expenditures, and Cable may not be able to obtain sufficient financing
to execute its business strategy.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The operation of Cable&#146;s business, the marketing and distribution of its
products and services and the continued evolution of network technologies will
continue to require substantial capital resources. Cable currently expects
capital spending in 2004 to range from $440.0&nbsp;million to $465.0&nbsp;million,
excluding telephony spending as discussed above. The actual amount of capital
required to finance Cable&#146;s operations and network development may vary
materially from its estimates. Cable may not generate or have access to
sufficient capital to fund these future requirements. If Cable cannot obtain
additional financing when needed, it will have to delay, modify or abandon some
of its plans. This could slow Cable&#146;s growth and negatively impact its ability
to compete in the cable television industry.


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<P align="left" style="font-size: 10pt"><B><I>Cable faces substantial competition.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technological, regulatory and public policy trends have resulted in a more
competitive environment for cable television service providers, Internet
Service Providers (ISPs) and video sales and rental services in Canada. Cable
faces competition from entities utilizing other communications technologies and
may face competition from other technologies being developed or to be developed
in the future. The ability to attract and retain customers is also highly
dependent on the quality and reliability of service provided, as well as
execution of business processes in relation to services provided by
competitors. Competitors of cable include direct-to-home, or DTH, satellite
providers, and other distributors of multi-channel television signals to homes
for a fee, including &#147;grey market&#148; satellite service providers, which are U.S.
direct broadcast satellite, or DBS, providers whose signals are not sold but
can be acquired in Canada, microwave multi-point distribution system, or MMDS,
operators, satellite master antennae television systems, or SMATVs, and
over-air television broadcasters. Other competitors of the cable television
business are providers of &#147;black market&#148;, pirate systems to Canadian customers
that enable customers to take, without paying a fee, programming services from
U.S. and Canadian satellite providers by defeating the operation of the systems
preventing unauthorized access. Competitors of the Internet business include
other ISPs offering competing residential and commercial Internet access
services. Competitors of the videocassette, DVD and video games sales and
rental business include other video rental and retail outlets, as well as
alternative entertainment media, such as theatres, sporting events, PPV
services and broadcasting services, as well as competition from emerging VOD
services introduced by cable television providers.

<P align="left" style="font-size: 10pt"><B><I>Competition in multiple dwelling unit buildings could lead to subscriber
losses.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Broadcasting Distribution Regulations (Canada) do not allow Cable or
its competitors to obtain exclusive contracts in buildings where it is
technically feasible to install two or more systems. Approximately one-third
of Cable&#146;s basic cable subscribers are located in multiple dwelling unit
buildings (MDUs). These regulations could lead to competitive subscriber
losses or pricing pressure in MDUs serviced by Cable, which could result in a
reduction in its revenue.

<P align="left" style="font-size: 10pt"><B><I>Forecasting property, plant and equipment expenditures may become more
difficult, which may increase the volatility of Cable&#146;s operating results.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An increasing component of Cable&#146;s PP&#038;E expenditures will be to support a
series of more advanced services. These services include Cable&#146;s Internet,
digital television, HDTV, VOD, telephony and other enhanced services that
require advanced subscriber equipment. A substantial component of the PP&#038;E
required to support these services will be demand driven. As a result,
forecasting PP&#038;E expenditure levels for Cable will likely become less precise,
which may increase the volatility of Cable&#146;s operating results from period to
period.

<P align="left" style="font-size: 10pt"><B><I>Increasing programming costs could adversely affect Cable&#146;s results of
operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable&#146;s single most significant purchasing commitment is the total annual
cost of acquiring programming. Programming costs have increased significantly
in recent years, particularly in connection with the recent growth in
subscriptions to digital specialty channels. As Cable continues to upgrade its
analogue and digital cable selections, increasing programming costs within the
industry could adversely affect its operating results if Cable is unable to
pass such programming costs to its subscribers.

<P align="left" style="font-size: 10pt"><B><I>Failure by programming suppliers to continue their operations may reduce
Cable&#146;s revenue.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are over 70 digital specialty channels currently available in
Canada. Cable believes that subscriber selection of these digital specialty
service channels, whether individually, in pre-set theme packs or in
customer-designed channel packages, will provide a consistent and growing
stream of new revenue. In addition, the ability to attract subscribers to
digital cable service is enhanced by the expanded variety of programming
choices that are currently available. If a number of programmers that supply
digital specialty channels face financial or operational difficulty sufficient
to cause them to cease their operations, and the number of digital specialty
channels decreases significantly, it may have a significant negative impact on
Cable&#146;s revenue.


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<P align="left" style="font-size: 10pt"><B><I>If Cable is unable to develop or acquire advanced encryption technology to
prevent unauthorized access to cable programming, Cable could experience a
decline in revenues.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable utilizes encryption technology to protect its cable signals from
unauthorized access and to control programming access based on subscriber
levels. There can be no assurance that Cable will be able to effectively
prevent or eliminate unauthorized decoding of signals in the future. If Cable
is unable to control cable access with its encryption technology, its
subscription levels for digital programming including premium priced
programming, as well as Rogers Video rentals, may decline, which could result
in a decline in Cable&#146;s revenues.

<P align="left" style="font-size: 10pt"><B><I>Cable is required to provide access to its cable systems to third party
Internet providers, which may result in increased competition.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable is required by the CRTC to provide access to its cable systems to
third party ISPs at mandated wholesale rates. The CRTC has approved cost-based
rates for third party Internet access service and is currently considering
proposed rates for third party interconnection and other outstanding terms and
conditions of the service. As a result of the requirement that Cable provide
access to third party ISPs, Cable may experience increased competition for
high-speed Internet retail subscribers. In addition, these third party
providers would utilize network capacity that Cable could otherwise use for its
own subscribers. A third party ISP has connected to Cable&#146;s network on a
wholesale basis and is providing competing high-speed internet services at
retail. The increased competition and reduced network capacity could result in
a reduction of Cable&#146;s revenue.

<P align="left" style="font-size: 10pt"><B><I>Failure to obtain access to support structures and municipal rights of way
could increase Cable&#146;s costs and adversely affect its business.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable requires access to support structures and municipal rights of way in
order to deploy facilities. Where access to municipal rights of way cannot be
secured, Cable applies to the CRTC to obtain a right of access under the
<I>Telecommunications Act </I>(Canada). However, in a recent decision, the Supreme
Court of Canada has determined that the CRTC does not have the jurisdiction to
establish the terms and conditions of access to the poles of hydroelectric
companies. As a result of this decision, the costs of obtaining access to
support structures of hydroelectric companies could be substantially increased
and could adversely affect Cable&#146;s operating results.

<P align="left" style="font-size: 10pt"><B><I>Cable is highly dependent upon its information technology systems and the
inability to enhance its systems or a security breach or disaster could have an
adverse impact on Cable&#146;s financial results and operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The day-to-day operation of Cable&#146;s business is highly dependent on its
information technology systems. An inability to enhance Cable&#146;s information
technology systems to accommodate additional customer growth and to support new
products and services could have an adverse impact on Cable&#146;s ability to
acquire new subscribers, manage subscriber churn, produce accurate and timely
subscriber bills, generate revenue growth and manage operating expenses, all of
which could adversely impact Cable&#146;s financial results and position.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Cable uses industry standard network and information
technology security, survivability and disaster recovery practices.
Approximately 1,300 of Cable&#146;s employees and critical elements of its network
infrastructure and information technology systems are located at two sites: its
corporate offices in Toronto and its Toronto operations facility. In the event
that Cable cannot access either of these facilities, as a result of a natural
or manmade disaster or otherwise, Cable&#146;s operations may be significantly
affected and may result in a condition that is beyond the scope of Cable&#146;s
ability to recover without significant service interruption and commensurate
revenue and customer loss.

<P align="left" style="font-size: 10pt"><B><I>Cable may be required to pay higher royalty rates to copyright collectives,
which could adversely affect its financial position.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Copyright Board of Canada (Copyright Board) is expected to issue a
decision on the royalty rates for the retransmission of television and radio
services for the 2004-2008 period. As a result of this decision, the royalties
Cable owes to copyright collectives could increase. A rate increase for
2004-2008, if Cable is unable to pass the increased rates to its customers,
could have a material adverse effect on its operating results.


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<P align="left" style="font-size: 10pt"><B><I>An expansion of copyright obligations for Internet service providers could
negatively impact Cable&#146;s business.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A 1999 Copyright Board decision that considered whether ISPs should be
liable for the communication of music on the Internet was appealed to the
Federal Court of Appeal and, ultimately, to the Supreme of Court of Canada.
The Supreme of Court of Canada heard this appeal in December&nbsp;2003 and is
expected to issue its decision in the summer of 2004. If ISPs are found liable
for the communication of music on the Internet, any subsequent royalty
determined by the Copyright Board could have a material adverse effect on
Cable.

<P align="left" style="font-size: 10pt"><B><I>Cable&#146;s business is subject to various governmental regulations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A significant percentage of Cable&#146;s business activities are regulated by
the CRTC under the <I>Telecommunications Act </I>(Canada), the <I>Radiocommunication Act</I>
(Canada) and the <I>Broadcasting Act </I>(Canada), and accordingly our results of
operations are affected by changes in regulations and decisions by the CRTC.
Such regulation relates to, among other things, licensing, competition, the
specific cable television programming services that Cable must distribute, as
well as percentages of foreign ownership and control of cable television
licences. In addition, Cable&#146;s CRTC licences must be renewed from time to time
and cannot be transferred without regulatory approval. Cable&#146;s cable
television systems are also required to obtain certain authorizations and to
meet certain technical standards established by the Canadian Federal Department
of Industry Canada (Industry Canada), pursuant to its authority under the
<I>Telecommunications Act </I>(Canada) and the <I>Radiocommunication Act </I>(Canada).
Changes in regulation by Industry Canada could adversely affect our results.


<P align="left" style="font-size: 10pt"><B>Risks Relating to Our Wireless Business</B>


<P align="left" style="font-size: 10pt"><B><I>Wireless faces substantial competition.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Canadian wireless communications industry is highly competitive. In
the wireless voice and data market, Wireless competes primarily with three
other wireless service providers and may in the future compete with other
companies, including resellers. Potential users of wireless voice and data
systems may find their communications needs satisfied by other current or
developing technologies, such as WiFi, &#147;hotspots&#148; or trunk radio systems, which
have the technical capability to handle mobile telephone calls. Wireless also
competes with its rivals for dealers and retail distribution outlets. There
can be no assurance that Wireless&#146; current or future competitors will not
provide services comparable or superior to those provided by Wireless, or at
lower prices, adapt more quickly to evolving industry trends or changing market
requirements, enter the market in which Wireless operates, or introduce
competing services. Any of these factors could reduce Wireless&#146; market share
or decrease its revenue.

<P align="left" style="font-size: 10pt"><B><I>Price competition could adversely affect Wireless&#146; churn rate and revenue
growth.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggressive pricing by industry participants in previous years has caused
significant reductions in Canadian wireless communications pricing. Wireless
believes that competitive pricing is a factor in causing churn. Wireless
cannot predict the extent of further price competition and customer churn into
the future, but Wireless anticipates some ongoing re-pricing of its existing
subscriber base as lower pricing offered to attract new customers is extended
to or requested by existing customers. In addition, as wireless penetration of
the population deepens, new wireless customers may generate lower average
monthly revenues than those from Wireless&#146; existing customers, which could slow
revenue growth.

<P align="left" style="font-size: 10pt"><B><I>Wireless may fail to achieve expected revenue growth from new and advanced
wireless services.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless expects that a substantial portion of future revenue growth will
be achieved from new and advanced wireless voice and data transmission
services. Accordingly, Wireless has invested and continues to invest
significant capital resources in the development of its GSM/GPRS network in
order to offer these services. Wireless has also invested and continues to
invest capital resources in the deployment of EDGE technology across its GSM/
GPRS network. However, there may not be sufficient consumer demand for these
advanced wireless services. Alternatively, Wireless may fail to anticipate or
satisfy demand for certain products and services, or may not be able to offer
or market these new products and services successfully to subscribers.
Wireless&#146; failure to attract subscribers to new products and services, or
failure to keep pace with changing consumer preferences for wireless


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<P align="left" style="font-size: 10pt">products and services, would slow revenue growth and have a material
adverse effect on its business and financial condition.

<P align="left" style="font-size: 10pt"><B><I>Wireless expects to experience significant change in the wireless
communications industry.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The wireless communications industry is experiencing significant
technological change. This includes the increasing pace of digital upgrades to
existing wireless systems, evolving industry standards, ongoing improvements in
the capacity and quality of digital technology, shorter development cycles for
new products and enhancements and changes in end-user needs and preferences.
There is also uncertainty as to the pace and extent that consumer demand for
wireless services will continue to increase, as well as the extent to which
airtime and monthly recurring charges may continue to decline. As a result,
Wireless&#146; future prospects and those of its industry remain uncertain.


<P align="left" style="font-size: 10pt"><B><I>There is no guarantee
that Wireless&#146; third generation technology will be competitive or compatible with other technologies.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The deployment of EDGE technology may not be competitive or compatible
with other technologies. Wireless also expects to develop a Universal Mobile
Telecommunications System, or UMTS, technology based network that will
supplement its GSM/GPRS-EDGE networks. While Wireless and other U.S. and
international operators have selected these technologies as an evolutionary
step from current and future networks, there are other competing technologies
that are being developed and implemented in both Canada and other parts of the
world. None of the competing technologies is directly compatible with each
other. If the third generation technology that gains the most widespread
acceptance is not compatible with Wireless&#146; networks, competing services based
on such alternative technology may be preferable to subscribers and Wireless&#146;
business may be materially adversely affected.


<P align="left" style="font-size: 10pt"><B><I>Wireless may encounter
difficulties with respect to the continued development of third generation network technology.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless is currently pursuing its strategy to transition its technology
network to third generation technology with enhanced digital voice and data
transmission capabilities. In order to implement this transition successfully:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>network technology developers must complete the refinement of
third generation network technologies, specifically EDGE and UMTS; and</TD>
</TR>

</TABLE>


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Wireless must complete the implementation of the fixed network
infrastructure to support its third generation technologies, which
will include design and installation of upgrades to its existing
network equipment.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These steps may not be completed in the time frame or at the cost Wireless
anticipates. Wireless&#146; third generation technology network will rely, in many
instances, on new and unproven technology. As with any new technology, there
is a risk that the new technology Wireless has chosen for its network will not
perform as expected, that Wireless may be unable to integrate the new
technology with its current technology and that Wireless may be unable to
deliver next generation services in a cost-effective manner. The occurrence of
any of these difficulties could delay the development of Wireless&#146; network,
which could materially adversely affect its business.

<P align="left" style="font-size: 10pt"><B><I>Wireless is highly dependent upon its information technology systems and the
inability to enhance its systems or a security breach or disaster could have an
adverse impact on its financial results and operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The day-to-day operation of Wireless&#146; business is highly dependent on its
information technology systems. An inability to enhance Wireless&#146; information
technology systems to accommodate additional customer growth and support new
products and services could have an adverse impact on Wireless&#146; ability to
acquire new subscribers, manage subscriber churn, produce accurate and timely
subscriber bills, generate revenue growth and manage operating expenses, all of
which could adversely impact Wireless&#146; financial results and position.


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<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Wireless uses industry standard network and information
technology security, survivability and disaster recovery practices.
Approximately 1,400 of Wireless&#146; employees and critical elements of Wireless&#146;
network infrastructure and information technology systems are located at its
corporate offices in Toronto. In the event that Wireless cannot access these
facilities, as a result of a natural or manmade disaster or otherwise,
Wireless&#146; operations may be significantly affected and may result in a
condition that is beyond the scope of Wireless&#146; ability to recover without
significant service interruption and commensurate revenue and customer loss.

<P align="left" style="font-size: 10pt"><B><I>Wireless is dependent on infrastructure and handset vendors, which could impact
the quality of its services or impede network development and expansion.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless has relationships with a small number of essential network
infrastructure and handset vendors, over which Wireless has no operational or
financial control and only limited influence in how they conduct their
businesses. The failure of one of Wireless&#146; network infrastructure suppliers
could delay programs to provide additional network capacity or new capabilities
and services across the business. Handsets and network infrastructure
suppliers may, among other things, extend delivery times, raise prices and
limit supply due to their own shortages and business requirements. If these
suppliers fail to deliver products and services on a timely basis, or fail to
develop and deliver handsets that satisfy Wireless&#146; customers&#146; demands, this
could have a negative impact on Wireless&#146; business, financial condition and
results of operations. Similarly, interruptions in the supply of equipment for
Wireless&#146; networks could impact the quality of its service or impede network
development and expansion.

<P align="left" style="font-size: 10pt"><B><I>Wireless has substantial capital requirements and intends to make substantial
capital expenditures, and Wireless may not be able to obtain sufficient
financing to execute its business strategy.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The operation of Wireless&#146; wireless communications network, the marketing
and distribution of its products and services, the continued evolution of
network technologies and the addition of network capacity will continue to
require substantial capital resources. Wireless currently expects capital
spending in 2004 to range from $400.0&nbsp;million to $425.0&nbsp;million. The actual
amount of capital required to finance Wireless&#146; operations and network
development may vary materially from its estimates. Wireless may not generate
or have access to sufficient capital to fund these future requirements. If
Wireless cannot obtain additional financing when needed, Wireless will have to
delay, modify or abandon some of its plans to construct its third generation
network. This could slow Wireless&#146; growth and negatively impact its ability to
compete in the wireless communications industry.

<P align="left" style="font-size: 10pt"><B><I>A change in foreign ownership legislation could increase competition which
could reduce Wireless&#146; market share or decrease its revenue.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless could face increased competition if there is a removal or
relaxation of the limits on foreign ownership and control of wireless licences.
Legislative action to remove or relax these limits could result in foreign
telecommunication companies entering the Canadian wireless communications
market, through the acquisition of either wireless licences or of a holder of
wireless licences. The entry into the market of such companies with
significantly greater capital resources than Wireless has could reduce its
market share and cause Wireless&#146; revenues to decrease.

<P align="left" style="font-size: 10pt"><B><I>The implementation of wireless local number portability in Canada could create
significant costs for Wireless and increase churn.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over the past several years, certain countries in Europe and Asia have
implemented wireless local number portability, or LNP. In November&nbsp;2003, as
mandated by the U.S. government, the U.S. wireless industry began the
implementation of wireless LNP. This involves porting wireless phone numbers
to other wireless companies, but can also involve porting phone numbers between
wireline and wireless companies. The implementation of wireless LNP systems
and capabilities represents significant costs for the carriers in a country to
deploy. There has been no regulatory mandate for the implementation of
wireless LNP in Canada; however, if wireless LNP were to be required, this
would require the carriers, including Wireless, to incur implementation costs
which could be significant and once implemented could cause an increase in
churn among Canadian wireless carriers.


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<P align="left" style="font-size: 10pt"><B><I>Wireless&#146; business is subject to various government regulations that could
adversely affect its business or increase costs or competition.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The licensing, construction and operation of wireless communications
systems in Canada are subject to the licensing requirements and oversight of
Industry Canada. In addition, various aspects of wireless communications
operations, including Wireless&#146; ability to enter into interconnection
agreements with traditional wireline telephone companies, are subject to
regulation by the Canadian Radio-television and Telecommunications Commission,
or CRTC. Any of the government agencies having jurisdiction over Wireless&#146;
business could adopt regulations or take other actions that could materially
adversely affect its business and operations, including actions that could
increase competition or that could increase our costs.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industry Canada grants radio licences for a specified term. Most of
Wireless&#146; radio licences have a five year term and expire in March&nbsp;2006,
although the PCS licences issued in the 2001 wireless spectrum auction have a
ten year term. Industry Canada has placed conditions on the maintenance of
Wireless&#146; licences and has the authority at any time to modify these licensing
conditions to the extent necessary to ensure the efficient and orderly
development of radio communication facilities and services in Canada. Industry
Canada may decide not to renew Wireless&#146; licences when they expire and any
failure by Wireless to comply with the conditions on the maintenance of its
licences could result in a revocation or forfeiture of any of its licences or
the imposition of fines by Industry Canada.

<P align="left" style="font-size: 10pt"><B><I>Contribution rate increases could adversely affect Wireless&#146; results of
operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless is required to make payments equal to an annual percentage of
adjusted revenues in accordance with the CRTC&#146;s revenue-based contribution
scheme. The percentage of adjusted revenues payable is revised annually by the
CRTC. The CRTC has announced a contribution levy of 1.1% as both the final
rate for 2003 and the interim rate for 2004. Wireless cannot anticipate the
final rate for 2004 or the rates for future years. The fee increase Wireless
charges its subscribers to recover the cost of the increased contribution levy
may result in a significant number of its subscribers deciding to deactivate
their service and may make it difficult for Wireless to attract new
subscribers, particularly if some or all of Wireless&#146; competitors do not
increase their fees or do not increase them to the same extent as Wireless
does, and could materially adversely affect Wireless&#146; business.

<P align="left" style="font-size: 10pt"><B><I>Third generation spectrum allocation could increase Wireless&#146; costs and create
a significant capital funding requirement.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industry Canada has released a proposed policy regarding third generation
spectrum allocation and has indicated that a third generation spectrum auction
may occur in the 2005 to 2006 timeframe. The spectrum frequency range for
third generation has not been fully resolved, but Wireless believes that it
will likely bear a close resemblance to the U.S. allocation. Wireless does not
know how much the cost of acquiring such spectrum in the proposed auction will
be or when it will occur. Wireless could face a significant capital funding
requirement in connection with this proposed auction.

<P align="left" style="font-size: 10pt"><B><I>Restrictions on the use of wireless handsets while driving may reduce
subscriber usage.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain provincial government bodies are considering legislation to
restrict or prohibit wireless handset usage while driving. Legislation banning
the use of hand-held phones while driving was implemented in Newfoundland in
April&nbsp;2003, which permits the use of hands-free devices. Legislation has been
proposed in other jurisdictions to restrict or prohibit the use of wireless
handsets while driving motor vehicles. Some studies have indicated that
certain aspects of using wireless handsets while driving may impair the
attention of drivers in various circumstances, making accidents more likely.
Laws prohibiting or restricting the use of wireless handsets while driving
could have the effect of reducing subscriber usage, which could cause a
material adverse effect on Wireless&#146; business. Additionally, concerns over the
use of wireless handsets while driving could lead to litigation relating to
accidents, deaths or bodily injuries, which could also have a material adverse
effect on Wireless&#146; business.


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<P align="left" style="font-size: 10pt"><B><I>Concerns about radio frequency emissions may adversely affect Wireless&#146;
business.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occasional media and other reports have highlighted alleged links between
radio frequency emissions from wireless handsets and various health concerns,
including cancer, and interference with various medical devices, including
hearing aids and pacemakers. While there are no definitive reports or studies
stating that such health issues are directly attributable to radio frequency
emissions, concerns over radio frequency emissions may discourage the use of
wireless handsets or expose Wireless to potential litigation. It is also
possible that future regulatory actions may result in the imposition of more
restrictive standards on radio frequency emissions from low powered devices
such as wireless handsets. Wireless is unable to predict the nature or extent
of any such potential restrictions.

<P align="left" style="font-size: 10pt"><B><I>Wireless could lose its wireless licences if we or Wireless fail to comply with
governmental limits on non-Canadian ownership and control.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless&#146; wireless licences include a condition requiring us to comply
with the ownership restrictions of the <I>Telecommunications Act </I>(Canada), the
legislation that governs the provision of telecommunications services in Canada
by telecommunications service providers. This condition provides that:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a minimum of 80% of the issued voting shares of a licenced
carrier company, such as Wireless, must be owned and controlled by
Canadians;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a minimum of 80% of the members of the board of directors of a
licenced carrier company must be Canadians;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a parent corporation of a licenced carrier company, such as us,
must have at least 66 2/3% of its voting shares owned and controlled
by Canadians; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>neither a licenced carrier nor its parent corporation may be
otherwise controlled in fact by non-Canadians.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the <I>Radiocommunication Act </I>(Canada), the legislation that governs
the licensing and use of radio frequency spectrum in Canada, Wireless&#146;
eligibility to hold its wireless licences is subject to the requirement that:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no more than 20% of the voting shares of Rogers Wireless&#146;
wholly-owned subsidiary, Rogers Wireless Inc., and no more than 33
1/3% of the voting shares of us or Rogers Wireless, may be held by
non-Canadians; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>neither Wireless nor us may be otherwise effectively controlled
by non-Canadians.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We and Wireless are currently in compliance with all of these Canadian
ownership and control requirements. However, to the extent that these
requirements are violated, Wireless would be subject to various penalties,
possibly including, in the extreme case, the loss of Wireless&#146; wireless
licences.


<P align="left" style="font-size: 10pt"><B>Risks Relating to Our Media Business</B>

<P align="left" style="font-size: 10pt"><B><I>A decline in demand for advertising would adversely affect Media&#146;s results of
operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Media depends on advertising as a material source of its revenue and its
businesses would be adversely affected by a further material decline in the
demand for local or national advertising. Media derived approximately 53.4% of
its revenues in 2003 from the sale of advertising. Media expects advertising
will continue to be a material source of Media&#146;s revenue in the future.
Advertising revenue, which is largely a function of consumer confidence and
general economic conditions, remains unpredictable, although the diversity of
the businesses Media operates, both geographically and in terms of the breadth
of media, helps to provide some stability to the advertising revenue base.
Most of Media&#146;s advertising contracts are short-term contracts that can be
terminated by the advertiser with


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<P align="left" style="font-size: 10pt">little notice. A reduction in advertising spending or loss of material
advertising relationships would adversely affect Media&#146;s results of operations
and financial position.

<P align="left" style="font-size: 10pt"><B><I>Media&#146;s ability to generate advertising revenue is adversely affected by local
and regional economic downturns.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenditures by advertisers tend to be cyclical, reflecting overall
economic conditions as well as budgeting and buying patterns outside of Media&#146;s
control. Moreover, because a substantial portion of Media&#146;s advertising
revenue is derived from local advertisers, Media&#146;s ability to generate
advertising revenue in specific markets is adversely affected by local or
regional economic downturns. This is particularly true in the concentrated
Toronto market, where the combined revenue from Media&#146;s four radio stations and
two over-the-air television stations represented approximately 14% of Media&#146;s
revenue in 2003.

<P align="left" style="font-size: 10pt"><B><I>Media&#146;s business is sensitive to external events.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;External events and consumer behavior substantially influence advertising
patterns and media usage. A terrorist attack, such as occurred in the United
States on September&nbsp;11, 2001, or a war, may result in a shift in consumer focus
and a change in the price or quantity of advertising purchased. If advertising
and media spending decline following an unforeseen event, Media&#146;s advertising
revenues could be adversely affected.

<P align="left" style="font-size: 10pt"><B><I>A loss in Media&#146;s leadership position in radio, television or magazine
readership could adversely impact Media&#146;s sales volumes and advertising rates.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is well established that advertising dollars migrate to media
properties that are leaders in their respective markets and categories when
advertising budgets are tightened. Although most of Media&#146;s radio and magazine
properties are currently leaders in their respective markets, such leadership
may not continue in the future. Advertisers base a substantial part of their
purchasing decisions on statistics such as ratings and readership generated by
industry associations and agencies. If Media&#146;s radio and television ratings or
magazine readership levels were to decrease substantially, Media&#146;s advertising
sales volumes and the rates which it charges advertisers could be adversely
affected.

<P align="left" style="font-size: 10pt"><B><I>Media&#146;s failure to identify, complete and integrate acquisitions could slow the
growth of its business and adversely affect its financial condition and
results of operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historically, Media&#146;s growth has been generated, in part, by strategic
acquisitions. Media intends to continue to selectively pursue acquisitions of
radio and television stations and publishing properties. Media is not able to
predict whether it will be successful in acquiring properties that enhance its
businesses. If Media is unable to identify and complete acquisitions, its
growth could slow from historical levels. In addition, Media could face
difficulties associated with integrating the operations of businesses that it
does acquire, which could have a material adverse effect on Media&#146;s business,
financial condition or results of operations.


<P align="left" style="font-size: 10pt"><B><I>Media faces increased competition.</I></B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New programming or content services, as well as alternative media
technologies, such as digital radio services, satellite radio, DTH satellite,
wireless and wired pay television, Internet radio and video programming, and
on-line publications have either begun competing, or may in the future compete,
with Media&#146;s properties for programming and publishing content, audiences and
advertising revenues. These competing technologies may increase audience
fragmentation, reduce Media&#146;s ratings or have an adverse effect on its local or
national advertising revenue. These or other technologies and business models
may have a material adverse effect on Media&#146;s results of operations.

<P align="left" style="font-size: 10pt"><B><I>A reduction in support from the Canadian Magazine Fund may have an adverse
affect on Media&#146;s financial position.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Government of Canada created the Canadian Magazine Fund (CMF)&nbsp;to help
encourage Canadian publishers to continue to produce high-quality and
innovative Canadian editorial content, subject to certain


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<P align="left" style="font-size: 10pt">eligibility requirements. Beginning with the fiscal year ended March&nbsp;31,
2001, the CMF intended to provide $150.0&nbsp;million in funding to Canadian
magazine publishers through 2003, $75.0&nbsp;million of which is intended to support
Canadian editorial content. In the fiscal year ended March&nbsp;31, 2002, the CMF
distributed $25.0&nbsp;million to over 400 publishers in support of Canadian
editorial content, with funding pro-rated among publishers based on their
respective share of total eligible Canadian editorial expenses. Media
qualified for approximately $5.0&nbsp;million in support from the CMF in 2002. For
fiscal years beginning with the fiscal year ended March&nbsp;31, 2004, the
Government of Canada has announced a number of changes to the Canadian
editorial content envelope of the CMF. Total funding will be reduced in the
fiscal year ended March&nbsp;31, 2004 to $18.0&nbsp;million and will be reduced to $16.0
million in each of the next two fiscal years. In addition, editorial content
funding will be re-oriented to enable the Government to address the industry&#146;s
current needs and current market conditions, with more funding provided to
ethno-cultural, aboriginal, and minority official-language publications, small
community newspapers, arts and literary magazines, and small-circulation
magazines. The reduction in the CMF&#146;s support of Media may have an adverse
affect on its financial position.

<P align="left" style="font-size: 10pt"><B><I>An increase in paper prices, printing costs or postage could adversely affect
Media&#146;s results of operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A significant portion of Publishing&#146;s operating expenses consist of paper,
printing and postage expenses. Paper is Publishing&#146;s single largest raw
material expense, representing approximately 5.7% of Publishing&#146;s operating
expenses in 2003. Publishing depends upon outside suppliers for all of its
paper supplies, holds relatively small quantities of paper in stock itself, and
is unable to control paper prices, which can fluctuate considerably. Moreover,
Publishing is generally unable to pass paper cost increases on to customers.
Printing costs represented approximately 10% of Publishing&#146;s operating expenses
in 2003. Publishing relies on third parties for all of its printing services.
In addition, Publishing relies on the Canadian Postal Service to distribute a
large percentage of its publications. A material increase in paper prices,
printing costs or postage expenses to Publishing could have a material adverse
effect on Media&#146;s business, results of operations or financial condition.

<P align="left" style="font-size: 10pt"><B><I>Changes in regulatory policies may adversely affect Media&#146;s business.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Media expects the CRTC to review the Commercial Radio Policy 1998 in 2005
to address issues such as multiple licence ownership and Canadian content. In
the interim, the CRTC will review satellite radio issues, including the
establishment of a satellite radio policy and licensing framework. The CRTC
has released its digital television policy, covering issues such as priority
carriage and simultaneous substitution. Media believes that the CRTC policy
provides an effective framework for the growth and development of digital
television broadcasting in Canada. A forthcoming CRTC consultation also will
seek to establish a framework for the transition or migration of analogue to
digital for specialty services.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The cable and telecommunications industries in Canada generally promote
the easing or elimination of foreign ownership restrictions. If successful,
the easing or elimination of such ownership restrictions may cause or require
integrated communications companies to establish a separate ownership structure
for their broadcasting content entities.

<P align="left" style="font-size: 10pt"><B><I>Tariff increases could adversely affect Media&#146;s results of operations.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copyright liability pressures continue to affect radio and television
services. The Copyright Board is considering proposed changes to both Tariff 2
(Broadcast TV) and Tariff 17 (Non-broadcast TV). While the Society of
Composers, Authors and Music Publishers of Canada (SOCAN)&nbsp;has sought tariff
increases for each of these tariffs, certain specialty services, including
Rogers Sportsnet, also have sought tariff payment adjustments that explicitly
recognize the differing value of music for different genres of services. SOCAN
and the Neighbouring Rights Collective Society (NRCC)&nbsp;also have proposed
increases to each of their respective radio tariffs, with the NRCC also seeking
to eliminate important revenue threshold and all-talk station tariff payment
exemptions. If fees were to increase, such increases could adversely affect
Media&#146;s results of operations.


<P align="center" style="font-size: 10pt">21
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt"><B><I>Pressures regarding channel placement could lead negatively impact the tier
status of certain of Media&#146;s channels.</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pressures regarding the favourable channel placement of The Shopping
Channel below the first cable tier will likely increase. The CRTC is currently
considering a policy change which could require cable broadcast distribution
undertakings to carry mandatory services below the first cable tier. This
decision, along with the licensing of new local TV stations, has the potential
to negatively affect The Shopping Channel&#146;s placement in some cable systems.
Unfavourable channel placement could negatively affect The Shopping Channel&#146;s
sales and could have a material adverse effect on Media&#146;s results of
operations.


<P align="center" style="font-size: 10pt"><B>USE OF PROCEEDS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any net proceeds we expect to receive from the issue of our securities
will be set forth in a prospectus supplement. We may, from time to time, issue
debt instruments, incur additional indebtedness and issue equity securities or
warrants other than through the issue of securities pursuant to this
prospectus.


<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF DEBT SECURITIES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue debt securities, including convertible debt securities, from
time to time in one or more series. As required by U.S. federal law and in
conformity with the applicable laws of Canada, for all bonds and notes of
companies that are publicly offered, the debt securities will be governed by a
document called an &#147;indenture.&#148; An indenture is a contract between a financial
institution, acting on your behalf as trustee of the debt securities offered,
and us. The trustee has two main roles. First, subject to some limitations on
the extent to which the trustee can act on your behalf, the trustee can enforce
your rights against us if we default on our obligations under the indenture.
Second, the trustee performs certain administrative duties for us. The specific
terms relating to any series of our debt securities that we offer will be
described in a prospectus supplement. You should read the applicable
prospectus supplement for the terms of the series of debt securities offered.


<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF SHARE CAPITAL</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As you read this section, please remember that the specific terms of any
future issue of any series of preferred shares as described in your prospectus
supplement will supplement and, if applicable, may modify or replace the
general terms described in this section. If there are differences between your
prospectus supplement and this prospectus, your prospectus supplement will
control. Thus, the statements we make in this section may not apply to any
series of preferred shares issued in the future.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference to a series of preferred shares means all of the preferred
shares issued as part of the same series and having the attributes set out in
amended Articles. Reference to your prospectus supplement means the prospectus
supplement describing the specific terms of the preferred shares you purchase.
The terms in your prospectus supplement will have the meanings described in
this prospectus, unless otherwise specified.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following briefly summarizes the provisions of our Charter under the
<I>Business Corporations Act </I>(British Columbia), including a description of our
share capital. The following description may not be complete and is subject
to, and qualified in its entirety by reference to, the terms and provisions of
our Charter.


<P align="left" style="font-size: 10pt"><B>Preferred Shares</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are 400,000,000 authorized Preferred shares without par value,
issuable in series, with rights and terms of each series to be fixed by our
board of directors prior to the issue of such series. We have 24 authorized
series of Preferred shares, and shares of the Series&nbsp;XXVII Preferred shares,
Series&nbsp;XXX Preferred shares, Series&nbsp;XXXI Preferred shares and Series&nbsp;E
Convertible Preferred shares are currently outstanding.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;XXVII Preferred shares are non-voting, are redeemable at $1,000
per share at our option and carry the right to cumulative dividends at a rate
equal to the bank prime rate plus 1 3/4% per annum.



<P align="center" style="font-size: 10pt">22
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;XXX Preferred shares are non-voting, are redeemable at $1,000
per share at our option and carry the right to non-cumulative dividends at a
rate of 9 1/2% per annum.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;XXXI Preferred shares are non-voting, are redeemable at $1,000
per share at our option and carry the right to cumulative dividends at a rate
of 9 5/8% per annum.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series&nbsp;E Convertible Preferred shares are non-voting and are
redeemable and retractable under certain conditions. All of these shares are
convertible at the option of the holder up to the mandatory date of redemption,
which is April&nbsp;18, 2004, into our Class&nbsp;B Non-Voting shares at a conversion
rate equal to one Class&nbsp;B Non-Voting share for each preferred share to be
converted. Holders of these shares are entitled to receive, ratably with
holders of our Class&nbsp;B Non-Voting shares, cash dividends per share in an amount
equal to the cash dividends declared and paid per share on Class&nbsp;B Non-Voting
shares.


<P align="left" style="font-size: 10pt"><B>Common Shares</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As at December&nbsp;31, 2003, there were 56,240,494 authorized Class&nbsp;A Voting
shares without par value, of which 56,235,394 were issued and outstanding.
Each Class&nbsp;A Voting share is entitled to 25 votes per share. The holders of
Class&nbsp;B Non-Voting shares are entitled to receive notice of and to attend
meetings of our shareholders but, except as required by law, are not entitled
to vote at such meetings. The Class&nbsp;A Voting shares may receive a dividend at
an annual rate of up to $0.05 per share only after the Class&nbsp;B Non-Voting
shares have been paid a dividend at an annual rate of $0.05 per share. The
Class&nbsp;A Voting shares are convertible on a one-for-one basis into Class&nbsp;B
Non-Voting shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As at December&nbsp;31, 2003, there were 1,400,000,000 authorized Class&nbsp;B
Non-Voting shares with a par value of $1.62478 per share, of which 177,241,646
were issued and outstanding. The Class&nbsp;A Voting shares and Class&nbsp;B Non-Voting
shares participate equally share for share in dividends after payment of an
annual dividend of $0.05 per share for each class and participate equally share
for share in any of our remaining assets in the event of our dissolution or
winding up (subject to the preference as to dividends in favour of the Class&nbsp;B
Non-Voting shares).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May&nbsp;2003, we adopted a dividend policy that provides for the payment,
each year, of dividends aggregating $0.10 per share to be payable twice yearly
on each outstanding Class&nbsp;B Non-Voting share and Class&nbsp;A Voting share held as
of the record date, as determined by our board of directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under applicable Canadian securities laws, an offer to purchase Class&nbsp;A
Voting shares would not necessarily require that an offer be made to purchase
Class&nbsp;B Non-Voting shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Charter contains restrictions on the transfer, voting and issue of our
Class&nbsp;A Voting shares and Class&nbsp;B Non-Voting shares in order to ensure that we
remain qualified to hold or obtain licences required to carry on certain of our
business undertakings in Canada. We are authorized to refuse to register
transfers of any of our shares to any person who is not a Canadian in order to
ensure that we remain qualified to hold the licences referred to above.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At our annual meeting of shareholders held on May&nbsp;30, 2003, the
shareholders approved a special resolution to: (i)&nbsp;alter our Memorandum by
cancelling all authorized but unissued Class&nbsp;A Voting shares; and (ii)&nbsp;amend
our Articles to provide that the directors may not attach any right to any
series of our Preferred shares created after the date of the meeting that
entitles or would entitle the holder or holders of the shares of any such
series to vote at any of our general meetings, and that the Preferred shares of
any such series shall have no right to vote at any such general meeting. We
have filed amendments to our Charter to effect these changes.


<P align="left" style="font-size: 10pt"><B>Convertible Preferred Securities</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible Preferred securities were issued in 1999 with a face value of
$600&nbsp;million to a subsidiary of Microsoft Corporation (Microsoft). These
Convertible Preferred securities bear interest at 5 1/2% per annum, payable
quarterly in cash, Class&nbsp;B Non-Voting shares or additional Convertible
Preferred securities, at our option. The Convertible Preferred securities are
convertible, in whole or in part, at any time, at Microsoft&#146;s option, into
28.5714 Class&nbsp;B Non-Voting shares per $1,000 aggregate principal amount of
Convertible Preferred securities,


<P align="center" style="font-size: 10pt">23
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">representing a conversion price of $35 per Class&nbsp;B Non-Voting share. The
Convertible Preferred securities mature on August&nbsp;11, 2009, and are callable by
us on or after August&nbsp;12, 2004, subject to certain conditions. We have the
option of repaying the Convertible Preferred securities in cash or Class&nbsp;B
Non-Voting shares.


<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF WARRANTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following description of the terms of the warrants sets forth certain
general terms and provisions of the warrants to which any prospectus supplement
may relate. We will not offer warrants for sale separately to any member of
the public in Canada unless the offering is in connection with and forms part
of the consideration for an acquisition or merger transaction or unless the
prospectus supplement containing the specific terms of the warrants to be
offered separately is first approved for filing by the securities commissions
or similar regulatory authorities in each of the provinces of Canada where the
warrants will be offered for sale.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue warrants for the purchase of debt securities, preferred
shares or Class&nbsp;B Non-Voting shares. Warrants may be issued independently or
together with debt securities, preferred shares or Class&nbsp;B Non-Voting shares
offered by any prospectus supplement and may be attached to, or separate from,
any such offered securities. Each series of warrants will be issued under a
separate warrant agreement to be entered into between us and a bank or trust
company, as warrant agent. The warrant agent will act solely as our agent in
connection with the warrants and will not assume any obligation or relationship
of agency or trust for or with any holders or beneficial owners of warrants.
The following summary of certain provisions of the warrants does not purport to
be complete and is subject to, and qualified in its entirety by, reference to
the applicable warrant agreement. The specific terms of the warrants, and the
extent to which the general terms described in this section apply to those
warrants, will be set forth in the applicable prospectus supplement.


<P align="left" style="font-size: 10pt"><B>Debt Warrants</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The prospectus supplement relating to a particular issue of debt warrants
will describe the terms of such debt warrants, including the following:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the title of such debt warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the offering price for such debt warrants, if any;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the aggregate number of such debt warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the designation and terms of the debt securities purchasable
upon exercise of such debt warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the designation and terms of the debt
securities with which such debt warrants are issued and the number
of such debt warrants issued with each such debt security;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the date from and after which such debt
warrants and any debt securities issued therewith will be separately
transferable;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the principal amount of debt securities purchasable upon
exercise of a debt warrant and the price at which such principal
amount of debt securities may be purchased upon exercise (which
price may be payable in cash, securities, or other property);</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date on which the right to exercise such debt warrants
shall commence and the date on which such right shall expire;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the minimum or maximum amount of such debt
warrants that may be exercised at any one time;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the debt warrants represented by the debt warrant
certificates or debt securities that may be issued upon exercise of
the debt warrants will be issued in registered or bearer form;</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">24
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>information with respect to book-entry procedures, if any;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the currency or currency units in which the offering price,
if any, and the exercise price are payable;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, a discussion of principal United States and
Canadian federal income tax considerations;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the antidilution or adjustment provisions of such debt warrants, if any;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the redemption or call provisions, if any, applicable to such debt warrants; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any additional terms of such debt warrants, including terms,
procedures, and limitations relating to the exchange and exercise of
such debt warrants.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Share Warrants</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The prospectus supplement relating to any particular issue of preferred
share warrants or Class&nbsp;B Non-Voting share warrants will describe the terms of
such warrants, including the following:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the title of such warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the offering price for such warrants, if any;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the aggregate number of such warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the designation and terms of the Class&nbsp;B Non-Voting shares or
series of preferred shares purchasable upon exercise of such
warrants;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the designation and terms of the offered
securities with which such warrants are issued and the number of
such warrants issued with each such offered security;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the date from and after which such warrants
and any offered securities issued therewith will be separately
transferable;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the number of Class&nbsp;B Non-Voting shares or preferred shares
purchasable upon exercise of a warrant and the price at which such shares may be purchased upon exercise;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the date on which the right to exercise such warrants shall
commence and the date on which such right shall expire;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, the minimum or maximum amount of such warrants
that may be exercised at any one time;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the currency or currency units in which the offering price,
if any, and the exercise price are payable;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if applicable, a discussion of principal United States and
Canadian federal income tax considerations;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the antidilution provisions of such warrants, if any;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the redemption or call provisions, if any, applicable to such warrants; and</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt">25
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<DIV style="font-family: 'Times New Roman',Times,serif">




<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any additional terms of such warrants, including terms,
procedures and limitations relating to the exchange and exercise of
such warrants.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Exercise of Warrants</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A warrant will entitle the holder to purchase for cash an amount of
securities at an exercise price that will be stated in, or that will be
determinable as described in, the applicable prospectus supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warrants may be exercised at any time up to the close of business on the
expiration date set forth in the applicable prospectus supplement. After the
close of business on the expiration date, unexercised warrants will become
void.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warrants may be exercised as set forth in the applicable prospectus
supplement. Upon receipt of payment and the warrant certificate properly
completed and duly executed at the corporate trust office of the warrant agent
or any other office indicated in the prospectus supplement, we will, as soon as
practicable, forward the securities purchasable upon such exercise. If less
than all of the warrants represented by such warrant certificate are exercised,
a new warrant certificate will be issued for the remaining warrants.


<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF SHARE PURCHASE CONTRACTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue share purchase contracts, representing contracts obligating
holders to purchase from or sell to us, and obligating us to purchase from or
sell to the holders, a specified number of our Class&nbsp;B Non-Voting shares or
preferred shares, as applicable, at a future date or dates. We will not offer
share purchase contracts for sale to any member of the public in Canada unless
the prospectus supplement containing the specific terms of the share purchase
contracts to be offered is first approved for filing by the securities
commissions or similar regulatory authorities in each of the provinces of
Canada where the share purchase contracts will be offered for sale.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The price per Class&nbsp;B Non-Voting share or preferred share, as applicable,
may be fixed at the time the share purchase contracts are issued or may be
determined by reference to a specific formula contained in the share purchase
contracts. We may issue share purchase contracts in accordance with applicable
laws and in such amounts and in as many distinct series as we wish.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement may contain, where applicable, the
following information about the share purchase contracts issued under it:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the share purchase contracts obligate the holder to
purchase or sell, or both purchase and sell, our Class&nbsp;B Non-Voting shares or preferred shares, as applicable, and the nature and amount
of each of those securities, or the method of determining those
amounts;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the share purchase contracts are to be prepaid or
not;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the share purchase contracts are to be settled by
delivery, or by reference or linkage to the value or performance of
our Class&nbsp;B Non-Voting shares or preferred shares;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any acceleration, cancellation, termination or other
provisions relating to the settlement of the share purchase
contracts; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the share purchase contracts will be issued in fully
registered or global form.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will describe the terms of any share
purchase contracts. The preceding description and any description of share
purchase contracts in the applicable prospectus supplement does not purport to
be complete and is subject to and is qualified in its entirety by reference to
the share purchase contract agreement and, if applicable, collateral
arrangements and depository arrangements relating to such share purchase
contracts.



<P align="center" style="font-size: 10pt">26
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<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF UNITS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We may issue units comprised of one or more of the other securities
described in this prospectus in any combination. Each unit will be issued so
that the holder of the unit is also the holder of each security included in the
unit. Thus, the holder of a unit will have the rights and obligations of a
holder of each included security. The unit agreement under which a unit is
issued may provide that the securities included in the unit may not be held or
transferred separately, at any time or at any time before a specified date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement may describe:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the designation and terms of the units and of the securities
comprising the units, including whether and under what circumstances
those securities may be held or transferred separately;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any provisions for the issuance, payment, settlement,
transfer or exchange of the units or of the securities comprising
the units; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>whether the units will be issued in fully registered or
global form.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement will describe the terms of any units.
The preceding description and any description of units in the applicable
prospectus supplement does not purport to be complete and is subject to and is
qualified in its entirety by reference to the unit agreement and, if
applicable, collateral arrangements and depositary arrangements relating to
such units.


<P align="center" style="font-size: 10pt"><B>PLAN OF DISTRIBUTION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We or each of the trustees under the indentures may issue the securities
offered by this prospectus for cash or other consideration:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>to or through underwriters, dealers, placement agents or other intermediaries, or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>directly to one or more purchasers.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The prospectus supplement with respect to the securities being offered
will set forth the terms of the offering of the securities, including:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the name or names of any underwriters, dealers or other
placement agents,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the purchase price of, and form of consideration for, the
securities and the proceeds to us from such sale,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any delayed delivery arrangements,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any underwriting discounts and other items constituting underwriters&#146; compensation,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any offering price, and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any discounts or concessions allowed or reallowed or paid to
dealers and any securities exchanges on which the securities may be
listed.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only underwriters named in the prospectus supplement are deemed to be
underwriters in connection with the securities offered by that prospectus
supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under agreements which may be entered into by us, underwriters, dealers
and agents who participate in the distribution of securities may be entitled to
indemnification by us against certain liabilities, including liabilities



<P align="center" style="font-size: 10pt">27
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">under the <I>U.S. Securities Act of 1933 </I>and Canadian provincial securities
legislation, or to contributions with respect to payments which such
underwriters, dealers or agents may be required to make in respect thereof.
The underwriters, dealers and agents with whom we enter into agreements may be
customers of, engage in transactions with or perform services for us in the
ordinary course of business.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with any offering of securities, the underwriters may
over-allot or effect transactions which stabilize or maintain the market price
of the securities offered at a level above that which might otherwise prevail
in the open market. Such transactions, if commenced, may be discontinued at
any time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the generality of the foregoing, we also may issue some
or all of the securities offered by this prospectus in exchange for property,
including shares or assets of other companies which we may acquire in the
future.


<P align="center" style="font-size: 10pt"><B>CERTAIN INCOME TAX CONSIDERATIONS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement may describe the principal Canadian
federal income tax considerations generally applicable to investors described
therein of purchasing, holding and disposing of securities, including, in the
case of an investor who is not a resident of Canada, Canadian non-resident
withholding tax considerations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The applicable prospectus supplement may also describe certain U.S.
federal income tax considerations generally applicable to the purchase, holding
and disposition of the securities by an investor who is a United States person,
including, to the extent applicable, certain relevant U.S. federal income tax
rules pertaining to capital gains and ordinary income treatment, original issue
discount, whether or not we will be considered a passive foreign investment
company (and if so, the tax consequences to a United States shareholder),
backup withholding and the foreign tax credit, and any consequences relating to
securities payable in a currency other than U.S. dollars, issued at an original
discount for U.S. federal income tax purposes or containing early redemption
provisions or other special terms.


<P align="center" style="font-size: 10pt"><B>DOCUMENTS INCORPORATED BY REFERENCE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by us with the securities commission or
similar authority in each of the provinces of Canada and filed with or
furnished to the U.S. Securities and Exchange Commission under the <I>Securities
Exchange Act of 1934</I>, as amended, are specifically incorporated by reference in
this prospectus:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our renewal annual information form for the year ended December&nbsp;31, 2002,
dated May&nbsp;14, 2003;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our audited comparative consolidated financial statements as at and for
the years ended December&nbsp;31, 2003 and December&nbsp;31, 2002, together with the
report of the auditors&#146; thereon and management&#146;s discussion and analysis
in respect of those statements; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>our management information circular dated April&nbsp;25, 2003 in connection
with the annual meeting of shareholders held on May&nbsp;30, 2003, other than
the sections entitled &#147;Report on Executive Compensation&#148;, &#147;Performance
Graph&#148; and &#147;Statement of Corporate Governance Practices&#148;.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Any documents of the types referred to in paragraphs 1 to 3 above, and any
interim financial statements, interim management&#146;s discussion and analysis and
material change reports (excluding confidential material change reports) filed
by us with the securities regulatory authorities in Canada or filed with or
furnished to the SEC after the date of this short form prospectus and prior to
the termination of any offering of securities hereunder, shall be deemed to be
incorporated by reference into this short form prospectus.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Any statement contained in a document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded
for the purposes of this short form prospectus to the extent that a statement
contained herein, or in any other subsequently filed document which also is or
is</B>



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<P align="left" style="font-size: 10pt"><B>deemed to be incorporated by reference herein, modifies or supersedes that
statement. The modifying or superseding statement need not state that it has
modified or superseded a prior statement or include any other information set
forth in the document that it modifies or supersedes. The making of a
modifying or superseding statement shall not be deemed an admission for any
purposes that the modified or superseded statement, when made, constituted a
misrepresentation, an untrue statement of a material fact or an omission to
state a material fact that is required to be stated or that is necessary to
make a statement not misleading in light of the circumstances in which it was
made. Any statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this prospectus.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon a new annual information form and new annual financial statements
being filed with and, accepted by the applicable securities regulatory
authorities during the currency of this prospectus, the previous annual
information form, the previous annual financial statements and all interim
financial statements, material change reports and information circulars filed
prior to the commencement of the then current fiscal year will be deemed no
longer to be incorporated into this prospectus for purposes of future offers
and sales of securities hereunder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A prospectus supplement containing the specific terms of an offering of
our securities will be delivered to purchasers of such securities together with
this prospectus and will be deemed to be incorporated into this prospectus as
of the date of such prospectus supplement but only for purposes of the offering
of securities covered by that prospectus supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If and when we provide disclosure of interest coverage ratios by a
prospectus supplement, the prospectus supplement filed with applicable
securities regulatory authorities that contains the disclosure of interest
coverage ratios and any prospectus supplement supplying any additional or
updated information we may elect to include (provided that such information
does not describe a material change that has not already been the subject of a
material change report or a prospectus amendment) will be delivered to
purchasers of securities together with this prospectus and will be deemed to be
incorporated into this prospectus as of the date of the prospectus supplement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Information has been incorporated by reference in this prospectus from
documents filed with securities commissions or similar authorities in Canada.</B>
Copies of the documents incorporated herein by reference may be obtained on
request without charge from the Corporate Secretary, Rogers Communications
Inc., 333 Bloor Street East, 10th Floor, Toronto, Ontario, M4W 1G9, Tel:
416-935-7777. For the purpose of the province of Quebec, this simplified
prospectus contains information to be completed by consulting the permanent
information record. A copy of the permanent information record may be obtained
from our Corporate Secretary at the above mentioned address. Copies of
documents that we have filed with the securities regulatory authorities in
Canada may be obtained over the Internet at the Canadian Securities
Administrators&#146; website at www.sedar.com.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are subject to the informational requirements of the <I>Securities
Exchange Act of 1934</I>, as amended, and in accordance therewith file or furnish
reports and other information with or to the SEC. Our recent SEC filings may
be obtained over the Internet at the SEC&#146;s website at www.sec.gov. You may
also read and copy any document we file or furnish with or to the SEC at the
public reference facilities maintained by the SEC at Judiciary Plaza, 450 Fifth
Street, N.W., Room&nbsp;1024, Washington, D.C. 20549. Please call 1-800-SEC-0330
for further information on the operations of the public reference facilities
and copying charges. Copies of reports and other information concerning us may
be inspected at the offices of the New York Stock Exchange, 20 Broad Street,
New York, New York 10005.


<P align="center" style="font-size: 10pt"><B>LEGAL MATTERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters relating to the securities offered by this short
form base shelf prospectus will be passed upon on our behalf by Torys LLP, our
Canadian counsel, and Cravath, Swaine &#038; Moore LLP, our U.S. counsel.


<P align="center" style="font-size: 10pt"><B>INDEPENDENT CHARTERED ACCOUNTANTS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our consolidated balance sheets as at December&nbsp;31, 2003 and 2002 and our
consolidated statements of income, deficit and cash flows for the two years
ended December&nbsp;31, 2003, incorporated by reference in this



<P align="center" style="font-size: 10pt">29
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">prospectus, have been audited by KPMG LLP, as indicated in their report
incorporated by reference in this prospectus.



<P align="center" style="font-size: 10pt"><B>AUDITORS, TRANSFER AGENT AND REGISTRAR</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our auditors are KPMG LLP, Chartered Accountants, 4100 Yonge Street, Suite
200, Toronto, Ontario, Canada, M2P 2H3.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our transfer agent and registrar for the Class&nbsp;B Non-Voting shares in
Canada is Computershare Trust Company of Canada and in the United States is
Computershare Trust Company, Inc.




<P align="center" style="font-size: 10pt">30
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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>INFORMATION NOT REQUIRED TO BE<BR>
DELIVERED TO OFFEREES OR PURCHASERS</B>



<P align="left" style="font-size: 10pt"><B>Indemnification</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;160 of the <I>Business Corporations Act </I>(British Columbia) (the
<I>&#147;Act"</I>),


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a director or officer of the Registrant,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a former director or officer of the Registrant,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a director, former director, officer or former officer of
another corporation at a time when the corporation is or was an
affiliate of the Registrant or at the request of the Registrant,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an individual who is or was, or holds or held a position
equivalent to that of, a director or officer of a partnership,
trust, joint venture or other unincorporated entity, at the request
of the Registrant</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(any corporation or entity referred to in (c)&nbsp;or (d), an
&#147;associated corporation&#148;; and any individual described in (a)
through (d), an &#147;eligible individual&#148;) or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any heirs and personal or other legal representatives of an
eligible individual</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(any person described in (e)&nbsp;and any eligible individual, an
&#147;eligible party&#148;)</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt">may be indemnified by the Registrant against all judgments, penalties or fines
awarded or imposed or to which the eligible party may be liable in, or amounts
paid in settlement of, any civil, criminal, quasi-criminal, administrative or
regulatory action or proceeding or investigative action, whether current,
threatened, pending or completed, in which the eligible party, by reason of an
eligible individual being or having been a director or officer of, or holding
or having held a position equivalent to that of a director or officer of, the
Registrant or an associated corporation is or may be joined as a party, or is
or may be liable for or in respect of a judgment, penalty or fine in, or costs,
charges and expenses, including legal and other fees (&#147;expenses&#148;) related to,
any such action or proceeding (an &#147;eligible proceeding&#148;); and after the final
disposition of an eligible proceeding, may be paid the expenses actually and
reasonably incurred by the eligible party in respect of that proceeding.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;161 of the <I>Act</I>, an eligible party must, after the final
disposition of an eligible proceeding, be paid by the Registrant the expenses
actually and reasonably incurred by the eligible party in respect of the
eligible proceeding if the eligible party is wholly successful on the merits or
otherwise, or is substantially successful on the merits, in the outcome of the
proceeding.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;162 of the <I>Act, </I>an eligible party may be paid by the
Registrant, as expenses are incurred in advance of the final disposition of an
eligible proceeding, the expenses actually and reasonably incurred by the
eligible party in respect of that proceeding; provided that the Registrant must
not pay such expenses unless the Registrant first receives from the eligible
party a written undertaking that the eligible party will repay the amounts
advanced if it is ultimately determined that (i)&nbsp;the eligible individual in
relation to the subject matter of the eligible proceeding did not act honestly
and in good faith with a view to the best interests of the Registrant or
associated corporation, as the case may be, (ii)&nbsp;in the case of an eligible
proceeding other than a civil proceeding, the eligible individual did not have


<P align="center" style="font-size: 10pt">II-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">reasonable grounds for believing the eligible individual&#146;s conduct in respect
of which the proceeding was brought was lawful, (iii)&nbsp;the eligible proceeding
is brought by or on behalf of the Registrant or an associated corporation or
(iv)&nbsp;in certain circumstances, the Registrant is or was prohibited from doing
so by its charter (each of items (i)&nbsp;to (iv), a &#147;statutory prohibition&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;163 of the <I>Act</I>, the Registrant must not make an
indemnification or payment under Sections&nbsp;160 to 162 if there is a statutory
prohibition.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;164 of the <I>Act</I>, the Supreme Court of British Columbia may,
on application of the Registrant or an eligible party, order the Registrant to
indemnify or to pay expenses, despite Sections&nbsp;160 to 163 of the <I>Act</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The articles of the Registrant provide that:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the directors shall cause the Registrant to indemnify
a director or former director of the Registrant and may cause
the Registrant to indemnify a director or former director of a
corporation of which the Registrant is or was a shareholder and
the heirs and personal representatives of any such person
against all costs, charges and expenses, including an amount
paid to settle an action or satisfy a judgment, actually and
reasonably incurred by him or them, including an amount paid to
settle an action or satisfy a judgment in a civil, criminal or
administrative action or proceeding to which he is or they are
made a party by reason of his being or having been a director of
the Registrant or a director of such corporation, including any
action brought by the Registrant or any such corporation;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the directors may cause the Registrant to indemnify
any officer, employee or agent of the Registrant or of a
corporation of which the Registrant is or was a shareholder and
the heirs and personal representatives of any such person
against all costs, charges and expenses whatsoever incurred by
him or them resulting from his acting as an officer, employee or
agent of the Registrant or such corporation; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Registrant shall indemnify the Secretary or
Assistant Secretary of the Registrant (if not a full time
employee) and his respective heirs and legal representatives
against all costs, charges and expenses whatsoever incurred by
him or them and arising out of the functions assigned to the
Secretary by the articles of the Registrant.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the <I>Act</I>, the articles of the Registrant may affect the power or
obligation of the Registrant to give an indemnity or pay expenses to the extent
that the articles prohibit giving the indemnity or paying the expenses. As
indicated above, this is subject to the overriding power of the Supreme Court
of British Columbia under Section&nbsp;164 of the <I>Act</I>.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As contemplated by Section&nbsp;165 of the <I>Act</I>, the Registrant has purchased
insurance against potential claims against the directors or officers of the
Registrant and against loss for which the Registrant may be required or
permitted by law to indemnify such directors and officers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has entered into indemnification agreements with certain of
its officers and directors that indemnify such persons to the maximum amount
permitted by applicable law. Pursuant to these agreements, the Registrant has
agreed to provide such persons an advance of defense costs prior to final
disposition of a proceeding, subject to an obligation to repay in certain
circumstances.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended (the &#147;Securities Act&#148;), may be permitted to directors,
officers or persons controlling the Registrant pursuant to


<P align="center" style="font-size: 10pt">II-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">the foregoing
provisions, the Registrant has been informed that in the opinion of the U.S.
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.


<P align="center" style="font-size: 10pt">II-3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Exhibits</B>

<P align="left" style="font-size: 10pt">The following exhibits have been filed as part of this Registration Statement
on Form F-10.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audited consolidated financial statements of the Registrant as at
and for the years ended December&nbsp;31, 2003 and 2002, together with
the auditors&#146; report thereon, and management&#146;s discussion and
analysis in respect of those statements (incorporated by reference
to the Current Report on Form&nbsp;6-K furnished to the Securities and
Exchange Commission on March&nbsp;4, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information Circular of the Registrant dated April&nbsp;25, 2003
(except for the sections entitled &#147;Report on Executive
Compensation&#148;, &#147;Performance Graph&#148; and &#147;Statement of Corporate
Governance Practices&#148;) distributed in connection with the annual
meeting of the shareholders of the Registrant to be held on May
30, 2003 (incorporated by reference to the Current Report on Form
6-K furnished to the Securities and Exchange Commission on May&nbsp;23,
2003).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of the Registrant dated May&nbsp;14, 2003
(incorporated by reference to the Annual Report on Form&nbsp;40-F filed
with the Securities and Exchange Commission on May&nbsp;15, 2003).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Torys LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cravath, Swaine &#038; Moore LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature pages of this
Registration Statement).</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "PART III" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART III</B>



<P align="center" style="font-size: 10pt"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</B>


<!-- link2 "Item&nbsp;1. Undertaking" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;1. Undertaking</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant undertakes to make available, in person or by telephone,
representatives to respond to inquiries made by the Securities and Exchange
Commission (&#147;Commission&#148;) staff, and to furnish promptly, when requested to do
so by the Commission staff, information relating to the securities registered
pursuant to Form F-10 or to transactions in said securities.

<!-- link2 "Item&nbsp;2. Consent to Service of Process" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;2. Consent to Service of Process</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concurrently with the filing of this Form F-10, the Registrant is filing
with the Commission a written irrevocable consent and power of attorney on Form
F-X. Any change to the name or address of the agent for service of the
Registrant shall be communicated promptly to the Commission by amendment to
Form F-X referencing the file number of the relevant registration statement.


<P align="center" style="font-size: 10pt">III-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form F-10 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Toronto, Province of Ontario, Country of Canada, on
April&nbsp;14, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>ROGERS COMMUNICATIONS INC.<br></B>
(Registrant)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Alan D. Horn</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alan D. Horn</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Finance and
Chief Financial Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ M. Lorraine Daly</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">M. Lorraine Daly</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Treasurer</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">III-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose individual signature appears below hereby appoints
Edward S. Rogers, O.C., H. Garfield Emerson, Q.C., M. Lorraine Daly, Alan D.
Horn and David P. Miller, and each of them, as attorneys-in-fact for the
undersigned, in any and all capacities, with full power of substitution, to
sign any amendments to this Registration Statement (including post-effective
amendments) and any subsequent registration statement filed by the Registrant
pursuant to Rule 462(b) of the Securities Act of 1933, and to file the same
with exhibits thereto and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorneys-in-fact, and
each of them full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to
all intents and purposes as he might or could do in person, hereby ratifying
and confirming and that each said attorney-in-fact, or any of them, may
lawfully do or cause to be done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B></TD>
    <TD nowrap align="center" colspan="3"><B>Date Signed</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Edward S. Rogers<BR>
<HR size="1" noshade>
Edward S. Rogers, O.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director, President and<BR>
Chief Executive Officer<BR>
(principal executive officer)
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Alan D. Horn<BR>
<HR size="1" noshade>
Alan D. Horn</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Vice President, Finance and<BR>
Chief Financial Officer<BR>
(principal financial officer)
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Gregory J. Henderson<BR>
<HR size="1" noshade>
Gregory J. Henderson</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Vice President, Group Controller<BR>
(principal accounting officer)
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
H. Garfield Emerson, Q.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director and Chairman</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Philip B. Lind<BR>
<HR size="1" noshade>
Philip B. Lind</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director and Vice Chairman
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Ronald D. Besse<BR>
<HR size="1" noshade>
Ronald D. Besse</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 2, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Albert Gnat, Q.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Peter C. Godsoe<BR>
<HR size="1" noshade>
Peter C. Godsoe</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/ Thomas I. Hull<BR>
<HR size="1" noshade>
Thomas I. Hull</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  Robert W. Korthals<BR>
<HR size="1" noshade>
Robert W. Korthals</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  Alexander Mikalachki<BR>
<HR size="1" noshade>
Alexander Mikalachki</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">III-3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title</B></TD>
    <TD nowrap align="center" colspan="3"><B>Date Signed</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  David R. Peterson<BR>
<HR size="1" noshade>
The Hon. David R. Peterson, P.C., Q.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top" style="padding-top: 1em">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  Edward Rogers<BR>
<HR size="1" noshade>
Edward Rogers</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Loretta A. Rogers</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</td>

    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Melinda M. Rogers</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director and Vice President,<br>
Strategic Planning<br>
and Venture Investments</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
William T. Schleyer</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
Ian H. Stewart, Q.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">/s/  John A. Tory<BR>
<HR size="1" noshade>
John A. Tory, Q.C.</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director
</TD>
    <TD nowrap align="center" colspan="3" valign="top">April 15, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
J. Christopher C. Wansbrough</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">&nbsp;<BR>
<HR size="1" noshade>
W. David Wilson</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">
Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">III-4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><B>AUTHORIZED REPRESENTATIVE<BR>
IN THE UNITED STATES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the
undersigned certifies that it is the duly authorized United States
representative of Rogers Communications Inc. and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Newark, State of Delaware, on this 14th day of
April, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">PUGLISI &#038; ASSOCIATES</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Donald J. Puglisi</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR size="1" noshade>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Donald J. Puglisi</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><I>Managing Director</I></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">III-5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Description</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audited consolidated financial statements of the Registrant as at
and for the years ended December&nbsp;31, 2003 and 2002, together with
the auditors&#146; report thereon, and management&#146;s discussion and
analysis in respect of those statements (incorporated by reference
to the Current Report on Form&nbsp;6-K furnished to the Securities and
Exchange Commission on March&nbsp;4, 2004).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information Circular of the Registrant dated April&nbsp;25, 2003
(except for the sections entitled &#147;Report on Executive
Compensation&#148;, &#147;Performance Graph&#148; and &#147;Statement of Corporate
Governance Practices&#148;) distributed in connection with the annual
meeting of the shareholders of the Registrant to be held on May
30, 2003 (incorporated by reference to the Current Report on Form
6-K furnished to the Securities and Exchange Commission on May&nbsp;23,
2003).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Annual Information Form of the Registrant dated May&nbsp;14, 2003
(incorporated by reference to the Annual Report on Form&nbsp;40-F filed
with the Securities and Exchange Commission on May&nbsp;15, 2003).</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Torys LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Cravath, Swaine &#038; Moore LLP.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature pages of this
Registration Statement).</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">III-6
</DIV>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>y96229fexv5w1.htm
<DESCRIPTION>EX-5.1: CONSENT OF KPMG LLP
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.1: CONSENT OF KPMG LLP</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">Exhibit&nbsp;5.1



<P align="center" style="font-size: 10pt"><u>Consent of Independent
Chartered Accountants</u>


<P align="left" style="font-size: 10pt">The Board of Directors<br>
Rogers Communications Inc.


<P align="left" style="font-size: 10pt">We consent to the use of our audit report dated January&nbsp;28, 2004, with respect
to the consolidated balance sheets of Rogers Communications Inc. as of December
31, 2003 and 2002, and the related consolidated statements of income, deficit
and cash flows for each of the years in the two-year period ended December&nbsp;31,
2003, incorporated by reference herein.


<P align="left" style="font-size: 10pt">/s/ KPMG LLP<br>
Chartered Accountants


<P align="left" style="font-size: 10pt">Toronto, Canada<br>
April&nbsp;15, 2004



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>4
<FILENAME>y96229fexv5w2.htm
<DESCRIPTION>EX-5.2: CONSENT OF TORYS LLP
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.2: CONSENT OF TORYS LLP</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">Exhibit&nbsp;5.2



<P align="center" style="font-size: 10pt">&#91;Letterhead of Torys
LLP&#93;

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt">Consent of Torys LLP



<P align="right" style="font-size: 10pt">April&nbsp;15, 2004


<P align="left" style="font-size: 10pt">Dear Sirs/Mesdames:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the reference to our name on the cover page and under
the heading &#147;Legal Matters&#148; in the shelf prospectus dated April&nbsp;15, 2004 (the
&#147;Prospectus&#148;) contained in the registration statement on Form F-10 being filed
with the Securities and Exchange Commission by Rogers Communications Inc.


<P align="left" style="font-size: 10pt; margin-left: 50%">/s/ Torys LLP


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.3
<SEQUENCE>5
<FILENAME>y96229fexv5w3.htm
<DESCRIPTION>EX-5.3: CONSENT OF CRAVATH SWAINE & MOORE LLP
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-5.3: CONSENT OF CRAVATH SWAINE & MOORE LLP</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt">Exhibit&nbsp;5.3



<P align="center" style="font-size: 10pt">&#91;Letterhead of Cravath, Swaine &#038; Moore LLP&#93;

<P align="center" style="font-size: 10pt"><U>Rogers Communications
Inc.<BR>
Form&nbsp;F-10 Registration Statement Consent</U>

<P align="right" style="font-size: 10pt">April&nbsp;15, 2004


<P align="left" style="font-size: 10pt">Ladies and Gentlemen:

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the reference to our name on the cover page and under
the heading &#147;Legal Matters&#148; in the shelf prospectus dated April&nbsp;15, 2004 (the
&#147;Prospectus&#148;) contained in the registration statement on Form F-10 being filed
with the Securities and Exchange Commission by Rogers Communications Inc.

<P align="left" style="font-size: 10pt; margin-left: 50%">Very truly
yours,

<P align="left" style="font-size: 10pt; margin-left: 50%">/s/ Cravath, Swaine &#038; Moore LLP



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
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<SEQUENCE>6
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`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
