Originally posted to Data Center Frontier by Rich Miller,

East Meets West Peak 10 Acquires ViaWest for $1.7 BillionThe merger mania in the data center industry continued today as Peak 10 acquired ViaWest from parent company Shaw Communications in a $1.675 billion all-cash transaction.

The deal brings together two experienced regional players to create a national data center network covering 20 markets from coast to coast. Charlotte-based Peak 10 provides colocation and managed services in the Southeast, while ViaWest has built a network of data centers on the West coast.

Shaw Communications becomes the latest big telecom company to divest its data center holdings after a brief ownership tenure. Shaw bought ViaWest from Oak Hill Capital in 2014 for $1.2 billion, and thus sees a gain of $475 million in less than three years of ownership. It follows the lead of Verizon and CenturyLink, which each acquired and then sold data center companies.

To read the full article please click here.

Share

About Author

(0) Readers Comments

Comments are closed.

Visit Us On FacebookVisit Us On TwitterVisit Us On Linkedin