Cogeco Peer 1’s new owner investing in fibre networks

6 Mar 2019

Having struck a deal last week with Canada’s Cogeco Communications to acquire managed services and colocation provider Cogeco Peer 1, Florida-based Digital Colony has pledged to invest in fibre networks in Toronto and Montreal, reports ITWorldCanada quoting Susan Bowen, president of Cogeco Peer 1. The CAD720 million (USD540 million) deal – expected to close at the end of May – involves 16 data centres in North America and Europe plus over 3,300 route kilometres of owned, dense metro fibre in greater Toronto and Montreal, although Cogeco Communications will retain an undisclosed portion of Peer 1’s fibre for its own networking purposes and will maintain ‘a close relationship’ with its former subsidiary. Bowen says that going forward, Toronto-based Cogeco Peer 1 ‘will take a host-neutral stance as its client networks get ready for 5G wireless infrastructure.’ As a standalone business, Cogeco Peer 1 will operate via a fibre division and a data centre division.

Canada, United States, Cogeco Connexion
http://www.cogecopeer1.com