Digital Colony acquired a cloud services unit of Cogeco for C$720m.

Global investment firm Digital Colony acquired a business information and communications technology services subsidiary of Cogeco, a Canadian telecommunications and media company, for C$720m. As part of this transaction, Cogeco Communications will retain significant fibre capacity in Toronto and Montréal. In addition, Cogeco Communications and Digital Colony have signed a commercial agreement aimed at better supporting their customers and further developing their respective businesses in the future. “Since Cogeco Communications acquired Peer 1 Hosting in 2013, the data centre and connectivity markets have evolved and consolidated significantly,” said Philippe Jetté, President and Chief Executive Officer of Cogeco Communications Inc. “In this context, we made the decision to focus Cogeco Communications’ resources on our Canadian and American broadband services businesses. This transaction will provide greater flexibility to pursue organic investment and acquisition opportunities.”