February 27, 2019 / 2:13 PM / 9 months ago

Cogeco Communications to sell cloud services unit for C$720 mln

Feb 27 (Reuters) - Canada’s Cogeco Communications Inc said on Wednesday it would sell its cloud services unit, Cogeco Peer 1, to investment firm Digital Colony in a deal valued at C$720 million ($548.74 million).

The company expects the deal to close in the third fiscal quarter of 2019. ($1 = 1.3121 Canadian dollars) (Reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber)

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