BCE says it will spend about $675 million to buy out other members of a consortium that owns Q9 Networks, a Canadian data centre operator.
The Montreal-based parent of Bell Canada, CTV television and other companies currently owns about 35.4% of Q9.
The other equity partners include the Ontario Teachers Pension Plan and two U.S.-based firms: Providence Equity Partners and Madison Dearborn Partners.
The four partners teamed up four years ago to buy Q9 in a deal valued at $1.1 billion at the time, including assumed debt.
BCE’s portion of the purchase price was $180 million while the others paid a total of $420 million for their equity stake.
Bell Canada already owned six data centres and Q9 Networks owned 11 when the consortium announced their purchase in June 2012.
