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Shaw reaches agreement to buy ViaWest for USD 1.2 billion
2014-08-01 08:39:00| Telecompaper Headlines
(Telecompaper) Canadian telecom and media company Shaw Communications has agreed to acquire US datacentre, cloud and managed IT services provider ViaWest for USD 1.2 billion from Oak Hill Capital and other shareholders. Denver-based ViaWest serves over 1,300 customers across seven states. It operates 27 data centres in eight Western US markets, including Dallas, Austin, Salt Lake City, Las Vegas, Phoenix and Portland. ViaWest's revenue and EBITDA have grown by 15 percent CAGR between 2010 and 2013, driven by long-term contracts and high customer retention. The acquisition is expected to close in September, subject to US regulatory approval.
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Category:Telecommunications