Canada's Bell, Others Pay $1B For Data Center Network Q9

Law360, New York (June 4, 2012, 4:52 PM EDT) -- Canadian telecommunications behemoth BCE Inc., known as Bell, along with a trio of institutional investors will cough up CA$1.1 billion (US$1.05 billion) for Toronto-based data center operator Q9 Networks Inc., the companies said Friday.

Under the agreement, Bell will cover 30 percent of equity funding, or about CA$180 million. Between them, private equity firms Providence Equity Partners and Madison Dearborn Partners LLC, along with the Ontario Teachers' Pension Plan, will contribute the remaining equity of CA$420 million.

Already-committed debt financing from Q9 is part of the...
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