Shaw completes ViaWest sale to Peak 10

CALGARY — Shaw Communications has completed the sale of its wholly owned ViaWest subsidiary to GI Partners portfolio company Peak 10 Holding Corporation for US$1.675 billion, the company announced on Aug. 1.ViaWest provides hybrid IT solutions, including colocation, cloud computing and security and compliance for North American enterprises.Proceeds from the transaction were used for the repayment of ViaWest level indebtedness, repayment of Shaw credit facility borrowings associated with the original ViaWest investment in 2014 and subsequent INetU acquisition in 2015, as well as the previously announced closing of the spectrum purchase from Quebecor on July 24, 2017, payment of estimated...