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Shaw Sells ViaWest Server Unit to Peak 10 for $1.7 Billion

  • Deal follows other major data center sales, including Verizon
  • Shaw uses cash to buy spectrum to fuel wireless push
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Shaw Sells ViaWest Unit for $1.7 Billion in Wireless Push

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Shaw Communications Inc. sold its ViaWest data service business to Peak 10 Holding Corp. for C$2.3 billion ($1.7 billion), three years after the Canadian telecommunications company bought it for C$1.3 billion.

ViaWest and Peak 10 combined will be North America’s largest privately held data center company, Shaw said in a statement on Tuesday. The deal frees up cash for Shaw to focus more on expanding its wireless business and competing with Telus Corp., Rogers Communications Inc. and BCE Inc. Shaw rose 3 percent to C$29.41 in Toronto, its biggest gain in two months.