Bell to acquire ownership of data centre operator Q9 Networks

BCE Inc. (TSX: BCE) (NYSE: BCE) has reported it plans to acquire all equity it does not already own in Q9 Networks Inc., the Toronto-based data centre operator providing outsourced hosting and other data solutions to Canadian business and government customers, the company said.

Q9 was acquired in October 2012 by an investor group comprised of Bell, Ontario Teachers´ Pension Plan, Providence Equity Partners and Madison Dearborn Partners. Bell currently holds a 35.4 percent stake in Q9 and will acquire the remainder from fellow investors in a transaction valued at approximately USD675 million, including Q9 net debt but excluding Bell´s existing ownership interest.

Bell is a Canadian communications company that delivers broadband wireless, TV and Internet, media and other communications services to Canadian consumers and business customers.