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Slide #58. Rogers Communications — Pivot Data Centres Inc.
Rogers Communications (NYSE:RCI)
Pivot Data Centres Inc.
Sverica International, a private equity investment firm, announced today the sale of its portfolio company Pivot Data Centres Inc. ("Pivot") to Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE:RCI) ("Rogers") for C$155 million. Based in Calgary, Alberta with an additional facility in Edmonton, Alberta, Pivot is a leading data centre solutions provider in Western Canada, specializing in colocation as well as data centre design, maintenance, and relocation.
Rogers Communications is a holding company operating as a communications and media company. Co. has four segments: Wireless, which provides wireless telecommunications operations; Cable, which provides cable telecommunications, including internet, television, and telephony services; Business Solutions, which provides network connectivity through its fibre network and data centre assets to support voice, data, networking, hosting, and cloud-based services for businesses, governments, and other telecommunications providers; and Media, which consist of media properties, including television and radio broadcasting, shopping, publishing, sports media and entertainment, and digital media.
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Buy (3.12 out of 4)