<SEC-DOCUMENT>0001193125-17-120033.txt : 20170517
<SEC-HEADER>0001193125-17-120033.hdr.sgml : 20170517
<ACCEPTANCE-DATETIME>20170411165402
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-17-120033
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20170411

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:		CORRESP

	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>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>CORRESP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g375732g28t39.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><B>Rogers Communications</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>333 Bloor Street East</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Toronto, Ontario M4Y 2Y5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Tel. (416)&nbsp;416-935-2620</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Anthony.Staffieri@rci.rogers.com</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><B>Anthony Staffieri</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP>Chief Financial Officer</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>VIA EDGAR </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;10, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cecilia Blye </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief, Office of Global Security Risk </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Rogers Communication Inc. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Form 40-F for the fiscal year ended December&nbsp;31, 2016 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Filed February&nbsp;9, 2017 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">File No.&nbsp;1-10805 </TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ms.&nbsp;Blye: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We hereby acknowledge receipt of the comment letter dated March&nbsp;31, 2017 (the &#147;Comment Letter&#148;) from the Office of Global Security Risk (the
&#147;Staff&#148;) of the Securities and Exchange Commission (the &#147;Commission&#148;) concerning the above captioned <FONT STYLE="white-space:nowrap">Form&nbsp;40-F</FONT> (the &#147;Form&nbsp;40-F&#148;).&nbsp;On behalf of Rogers Communications
Inc. (the &#147;Company&#148;), we submit this letter in response to the Comment Letter.&nbsp;For ease of reference, we have reproduced the text of the comments in bold-faced type below, followed by our responses.</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Your website provides country coverage information including voice rates, text messaging rates and data rates for Syria and Sudan, and the Rogers Long Distance website lists Syria and Sudan on its list of Included
Destinations. Syria and Sudan are designated by the U.S. Department of State as state sponsors of terrorism, and are subject to U.S. economic sanctions and export controls. Your Form 40-F does not include disclosure about those countries. Please
describe to us the nature and extent of any past, current, and anticipated contacts with Syria and Sudan, whether through subsidiaries, affiliates, distributors, resellers, or other direct or indirect arrangements. You should describe any products,
components, technology or services you have provided to Syria and Sudan, directly or indirectly, and any agreements, commercial arrangements, or other contacts with the governments of those countries or entities they control. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The only activities of the Company or its subsidiaries, affiliates, distributors and resellers that currently or have in the past involved
contacts with Syria or Sudan are telecommunications roaming arrangements with certain mobile operators relating to these countries (the &#147;Roaming Operators&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">All of the Company&#146;s agreements with Roaming Operators in Syria were suspended in 2012. The Company does not currently have any active
telecommunications roaming arrangements in place with Roaming Operators in Syria. Certain information relating to roaming in Syria was erroneously placed on our website recently, but we have now removed those references. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Pursuant to the roaming agreements with Roaming Operators in Sudan, the Company&#146;s
subscribers receive customary international roaming services on the Roaming Operators&#146; networks in Sudan and the Roaming Operators&#146; subscribers receive such services while roaming on the Company&#146;s network in Canada. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With regards to long distance calls made by the Company&#146;s subscribers to numbers in Sudan and Syria, the Company does not have business
relationships or any voice network interconnections with any service providers in Sudan or Syria. Instead calls to Sudan and Syria are transited using the services of a variety of third party telecommunications service providers. The Company also
receives incoming calls from numbers located in Sudan and Syria through a variety of third party telecommunications service providers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has not provided any telecommunications equipment, components, software or technology to Sudan or Syria. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Please discuss the materiality of any contacts with Syria or Sudan you describe in response to the comment above, and whether those contacts constitute a material investment risk for your security holders. You should
address materiality in quantitative terms, including the approximate dollar amounts of any associated revenues, assets, and liabilities for the last three fiscal years and the subsequent interim period. Also, address materiality in terms of
qualitative factors that a reasonable investor would deem important in making an investment decision, including the potential impact of corporate activities upon a company&#146;s reputation and share value. Various state and municipal governments,
universities, and other investors have proposed or adopted divestment or similar initiatives regarding investment in companies that do business with U.S.-designated state sponsors of terrorism. You should address the potential impact of the investor
sentiment evidenced by such actions directed toward companies that have operations associated with Syria and Sudan. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The
Company considers amounts paid to and received from Roaming Operators in Sudan to be, individually and in the aggregate, immaterial in quantitative terms. The following table shows the total outbound expense and total inbound revenue from all
Roaming Operators in Sudan for each of the last three fiscal years (the years ended December&nbsp;31, 2014, 2015, and 2016) and for the three months ended March&nbsp;31 (2017). All amounts are in US dollars. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B><br><B>(Till&nbsp;March&nbsp;31)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Outbound Expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">46,068</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">204,113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">64,789</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total Inbound Revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,764</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,570</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,878</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">As noted above, the Company&#146;s roaming arrangements with Roaming Operators in Syria were suspended in
2012. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Company also considers amounts paid in connection with transiting calls made by the Company&#146;s subscribers to numbers in
Sudan and Syria to be, individually and in the aggregate, immaterial in quantitative terms. The following table shows the total long distance expenses paid in connection with calls transited to Sudan and Syria for each of the last three fiscal years
(the years ended December&nbsp;31, 2014, 2015, and 2016) and for the three months ended March&nbsp;31 (2017). All amounts are in US dollars. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2014</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B><br><B>(Till&nbsp;March&nbsp;31)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Calls transited to numbers in Sudan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,870</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">19,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">30,604</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Calls transited to numbers in Syria</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20,879</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,967</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Company does not have any subsidiaries, offices, facilities, employees or other assets
located in Sudan or Syria and has not maintained any assets in these countries in the past. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The Company has no reason to believe that the
activities described above are harmful to the Company&#146;s reputation or share value, or that they would constitute a material investment risk for its shareholders. The Company is not aware of any divestment measures maintained by state or
municipal governments, universities or other investors that would apply to or restrict the activities described above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Accordingly, the
Company believes that the very limited telecommunications-related contacts the Company has with Sudan and the transiting of long distance calls to and from numbers in Sudan and Syria are not material to the Company, its financial condition or its
results of operations, in either quantitative or qualitative terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please do not hesitate to contact me at 416-935-2620 if you have further questions.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Anthony Staffieri </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Antony Staffieri </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chief Financial Officer </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top">Graeme McPhail, SVP Legal </TD></TR></TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Paulina Molnar, SVP Controller </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g375732g28t39.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g375732g28t39.jpg
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M,C(R,C(R,C(R,O_  !$( "H"NP,!(@ "$0$#$0'_Q  ?   !!0$! 0$! 0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M_7!:U:]R'PH_,L1_&GZO\PHHHJC$**** "BBB@ HHHH **** "BBB@ HHHH
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M / ,G_A(K'TG_P"_1H_X2*Q])_\ OT:UJ*+2[AS4OY7]_P#P#)_X2*Q])_\
MOT:/^$BL?2?_ +]&M:BBTNX<U+^5_?\ \ R?^$BL?2?_ +]&C_A(K'TG_P"_
M1K6HHM+N'-2_E?W_ / ,G_A(K'TG_P"_1H_X2*Q])_\ OT:UJ*+2[AS4OY7]
M_P#P#)_X2*Q])_\ OT:/^$BL?2?_ +]&M:BBTNX<U+^5_?\ \ R?^$BL?2?_
M +]&C_A(K'TG_P"_1K6HHM+N'-2_E?W_ / ,G_A(K'TG_P"_1H_X2*Q])_\
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%/_@'_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
