Shaw Communications to buy data center company ViaWest

Thu Jul 31, 2014 8:34am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 31 (Reuters) - Canadian media and cable company Shaw Communications Inc said it would buy data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.

Shaw said the acquisition would help accelerate the development of its Canadian data center platform.

The deal will be funded using a combination of cash on hand and an existing credit facility. (Reporting by Ashutosh Pandey in Bangalore; Editing by Saumyadeb Chakrabarty)