Canadian telco Rogers is reportedly looking to sell most of its data centers in a bid to reduce its debts.
The company is aiming to sell off nine of the data centers it owns in Canada, according to a report by The Logic, which said it had seen documents being sent to potential bidders.
Under the plan, the Rogers data centers would be sold as a “distinct business”, the report says, with Rogers remaining a major customer.
Rogers took on significant debt as part of its acquisition of Shaw Communications for C$20 billion ($14.7bn), which went through in March 2023. Completion of the deal was delayed amid a series of regulatory concerns over the impact it would have on competition in the market.
Indeed, Canada's Competition Bureau was been ordered to pay around C$13 million ($9.58 million) in compensation to the companies after its efforts to halt the deal were deemed “unreasonable” by a tribunal.
Since then Rogers has announced plans to sell C$3 billion ($2.19 billion) in bond offerings to repay short-term debt and other borrowings.
On its website, the company says it “leverages 12 data centers across Canada to develop custom IT infrastructure strategies specific to our customers’ needs.” Three of these are located in the Canadian capital Ottowa.
