Bell Acquires Q9 Networks for $1.1 Billion

Posted by Techvibes NewsDesk

BCE, known by many as Bell Canada, has partnered with private equity fund managers to buy Q9 Networks.

Bell, Canada's largest telecom company, will purchase the Toronto-based data centre company for $1.1 billion.

Q9, which is among the country's largest outsourced data centre operators, will continue to run as an independent company under current management after the deal closes, Bell said.

Bell will pay $180 million while the Ontario Teachers’ Pension Plan, Providence Equity Partners, and Madison Dearborn Partners will contribute a total of $420 million of the equity funding. Debt financing from Q9 will also help fund the purchase. The deal is expected to close by the end of the year. Bell's recent acquiring spree includes CTV and Astral Media.

Company:
Bell Canada
Website:
http://www.bell.ca
Location:
Vancouver, British Columbia, Canada

Bell is Canada's largest communications company, providing the most comprehensive and innovative suite of communication services to residential and business customers in Canada. Operating under the Bell brand, the Company's services include Bell Home Phone local and long distance services, Bell Mobility and Solo Mobile wireless, high-speed Bell Internet, Bell TV direct-to-home satellite and VDSL television,... more

Company:
Q9 Networks
Website:
http://www.q9.com
Location:
Toronto, Ontario, Canada

Q9 Networks is a leading Canadian provider of outsourced data centre infrastructure for organizations with mission-critical IT operations. Q9's sole focus on data centre infrastructure has enabled customers to outsource their critical systems to Q9 with complete peace of mind and take advantage of key Q9 solutions, including: more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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