Bell, investor group completes $1.1 billion deal for Q9 Networks

MONTREAL - An investor group led by BCE Inc. has announced the completion of its acquisition of Canadian data-hosting company Q9 Networks. With the takeover, Bell has more than doubled the number of data centres it owns across Canada that provide cloud solutions to business clients. The investor group also includes the Ontario Teachers' Pension Plan, Providence Equity Partners, and Madison Dearborn Partners. Headquartered in Toronto, Q9 operates 12 data centres in British Columbia, Alberta and Ontario, and will continue to operate as a stand-alone entity managed by its existing executives, including CEO Osama Arafat and President and COO Paul...