Shaw sells ViaWest to GI Partners-owned Peak 10 for $1.7 bln: Reuters
Canada's Shaw Communications Inc said it would sell its data centre subsidiary ViaWest Inc to Peak 10 Holding Corp for US$1.675 billion, using some of the proceeds to buy airwaves to boost its new wireless unit, Reuters reported. Shaw bought ViaWest from U.S. private equity firms Oak Hill Capital Partners and GI Partners for about US$1.2 billion three years ago. Peak 10 Holding is owned by GI Partners. Analysts were calling on Shaw to sell its data centre business after Verizon Communications Inc and CenturyLink Inc reaped several billions of dollars after agreeing to sell their portfolios last year.
13 June 2017•2 mins read
