24 LEXPERT
|
2019
|
WWW.LEXPERT.CA
Digital Colony completes
$720M purchase of Cogeco Peer 1
On May 1, 2019, Digital Colony, a global invest-
ment firm dedicated to strategic opportunities
in digital infrastructure, announced the comple-
tion of their purchase of Cogeco Peer 1, a leading
provider of colocation, network connectivity and
managed services, from Cogeco Communications
Inc. (TSX: CCA) for $720 million to create a
standalone business under a new brand.
Cogeco Peer 1's portfolio includes over 3,300
route kilometres of owned, dense metro fibre in
greater Toronto and Montréal, as well as several
data centres across North America and Europe
which serve a global blue-chip customer base. e
new entity will include a fibre division which will
be Canada's first independent neutral-host pro-
vider of small cell and 5G infrastructure and en-
BIG DEALS
Compiled by Elizabeth Raymer
BIG DEALS
Significant
corporate
transactions
PHOTO:
SHUTTERSTOCK
