June 13 Canada's Shaw Communications Inc
said on Tuesday that it would sell its subsidiary
ViaWest Inc to Peak 10 Holding Corp for about C$2.3 billion, as
the cable company looks to streamline its operations.
ViaWest is a Colorado-based data center company which offers
hybrid IT and cloud-based solutions, which Shaw bought three
Peak 10 Holding, which offers IT infrastructure services, is
owned by private equity firm GI Partners.
Reuters reported in April that Shaw was looking for a buyer
($1 = C$1.33 Canadian dollars)
(Reporting by Rishika Sadam in Bengaluru; Editing by Shounak