BCE To Acquire Full Ownership Of Data Centre Operator Q9 Networks

(RTTNews) - BCE Inc. (BCE, BCE.TO) announced that it will acquire all equity it does not already own in Q9 Networks Inc., the Toronto-based data centre operator providing outsourced hosting and other data solutions to Canadian business and government customers.

Q9 was acquired in October 2012 by an investor group comprised of Bell, Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners. Bell currently holds a 35.4% stake in Q9 and will acquire the remainder from its fellow investors in a transaction valued at approximately $675 million, including Q9 net debt but excluding Bell's existing ownership interest. The transaction is expected to close before the end of 2016.