Rogers said Thursday it has entered into an agreement to sell its portfolio of nine data centres to asset manager InfraRed Capital Partners.
The cable giant said it will continue to sell data centre services on behalf of the asset manager, which is part of Toronto-based financial services company Sun Life, and will provide network connectivity to those centres. The deal does not include its corporate data centres, which are used for network and IT purposes, it said.
“With nine Tier 2 and 3 data centres across key Canadian cities, the business has an established footprint, a strong operational team, and a long-standing, diverse customer base across a range of industries,” an InfraRed press release said.
“The business is well-positioned to meet the evolving demands of customers with up to 49 MW of capacity and a range of secure colocation, cloud, and managed services, delivered within a framework of Canadian data sovereignty and in-country cloud infrastructure,” the release added.
The deal is part of Rogers’s effort to sell off real estate and non-core assets, with proceeds going to repay debt it has, in part, accumulated from big core buys over the past couple of years.
The parties are expecting the deal to close by the end of the year, following regulatory approvals.
