February 28 - 14:02
Digital Colony to pay $546 million for Cogeco Peer 1
Digital Colony has agreed a $546 million deal to buy a cloud services company from Cogeco Communications. It is to sell Cogeco Peer 1 to affiliates of Digital Colony, which will remain headquartered in Toronto and adopt a new brand. Under the terms of the transaction, Cogeco Communications will retain significant fibre capacity in Toronto and Montréal.
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