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BCE deepens data center presence with $1B Q9 Networks purchase - Fierce Telecom

BCE (NYSE: BCE), the parent company of Canada's largest service provider Bell Canada, has led a group of investors to acquire data center provider Q9 Networks for CAD 1 billion (USD 960 million). Joining BCE in this deal, reports the Globe and Mail, was the Ontario Teachers' Pension Plan, in addition to U.S. equity firms Madison Dearborn Partners LLC and Providence Equity Partners LLC. Under the terms of the agreement, Teachers, Providence and Madison Dearborn provided CAD 420 million (USD 403 million), while BCE contributed CAD 180 million (USD 173...

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Published By: Fierce Telecom - Monday, 4 June, 2012