BCE beefs up data centre capabilities with Q9 Networks acquisition

MONTREAL — In a deal valued at $675 million, BCE is acquiring all equity it does not already own in Q9 Networks Inc., a Toronto-based data centre operator, as the telecom giant looks to shore up its ability to compete against domestic and international providers in the growing outsourced data services market, BCE announced Monday.Q9 Networks was originally acquired in October 2012 by an investor group comprised of BCE, Ontario Teachers’ Pension Plan, Providence Equity Partners and Madison Dearborn Partners. BCE currently holds a 35.4% equity stake in Q9, and it will acquire the remaining 64.6% equity from its fellow...