InfraRed Capital Partners, a part of Sun Life, has entered into a definitive agreement to acquire Rogers Communications' data centre business. This acquisition is being made on behalf of InfraRed's value-add strategy.
Rogers Communications Inc. is divesting its portfolio of data centres, a move that indicates a strategic focus on its core telecommunications and media assets. This divestiture is expected to contribute to the company's financial flexibility.
The sale of the data centre business is likely part of Rogers' broader strategy to optimize its asset portfolio and potentially reduce debt. This transaction allows Rogers to streamline its operations and concentrate resources on its primary growth areas.
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