Rogers to sell nine Rogers business data centres

Rogers to sell nine Rogers business data centres

Rogers Communications, a leading Canadian communications and media company, has announced its intention to sell nine of its business data centers. The move, part of the company's broader strategy to streamline operations and focus on core competencies, follows recent acquisitions in the data center sector.

The nine data centers, which include Rogers' Calgary and Edmonton facilities, are valued at approximately $155 million. The acquisition of these centers by Rogers was part of its broader expansion into the data center services market. The sale is expected to be completed by the end of the year, with the proceeds from the sale likely to be reinvested into Rogers' core operations.

Rogers' decision to sell these data centers is a strategic move that aligns with its recent acquisition of Pivot Data Centers for $155 million [2]. The acquisition of Pivot, a leading colocation and data center services provider in Western Canada, has positioned Rogers as a significant player in the data center market. The company's focus on expanding its data center portfolio has been driven by the growing demand for colocation services and the need to offer reliable and flexible data center solutions to its clients.

The sale of the nine data centers is expected to generate significant revenue for Rogers, allowing the company to invest in its core wireless, cable, and media segments. The company has been actively seeking to optimize its operations and reduce costs, which has led to the decision to sell these assets.

Rogers' move to sell these data centers is also part of a broader trend in the data center industry, where companies are looking to divest non-core assets and focus on their core competencies. The data center market has seen increased consolidation and strategic acquisitions in recent years, as companies seek to expand their capabilities and enter new markets.

Rogers' sale of these data centers is expected to have minimal impact on its operations and clients. The company has stated that it will continue to provide colocation and data center services to its clients, and that the sale will not disrupt its existing service agreements.

In conclusion, Rogers Communications' decision to sell nine of its business data centers is a strategic move that aligns with its broader expansion into the data center market and its focus on optimizing its operations. The sale is expected to generate significant revenue for the company, allowing it to invest in its core segments and continue to grow its business.

References:
[1] https://www.theglobeandmail.com/business/article-bmo-exploring-sale-of-transportation-finance-arm-for-about-1-billion/
[2] https://www.datacenterknowledge.com/business/rogers-communications-acquires-pivot-data-centers