PTGi Sells BLACKIRON Data for CAD$200 Million to Canada's Rogers Communications
MCLEAN, VA, Apr 17, 2013 (Marketwired via COMTEX) --
Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a
global facilities-based integrated provider of advanced
telecommunications products and services, announced that it has sold
BLACKIRON Data ULC (BLACKIRON Data), PTGI's pure data center
operations in Canada, to Rogers Communications Inc. (Rogers) for
approximately CAD$200 million. The transaction signed and closed on
April 17, 2013.
BLACKIRON Data serves approximately 4,000 customers, reported 2012
revenues of US$34 million and owns and operates a total of eight data
centers in five major cities in Canada: two data centers in Ottawa,
Ontario, three data centers in the Toronto, Ontario area, one data
center in London, Ontario, one data center in Edmonton, Alberta, and
one data center in Vancouver, British Columbia, through which
colocation, cloud computing, managed services, storage, backup, and
other value added services are offered.
Peter D. Aquino, Executive Chairman, stated, "The sale of BLACKIRON
Data to Rogers marks a successful monetization of one of our
worldwide assets. Looking ahead, the Board will consider various
options for deploying the net cash proceeds of this sale."
"Having separated our data center assets, rebranded BLACKIRON Data,
and through our commitment to investing in fully certified Tier III
capacity expansions and a second-generation cloud platform, we
created a highly attractive portfolio across Canada," added Andrew
Day, President and CEO of PTGi.
Terry Canning, Senior Vice President, Rogers Business Solutions,
stated, "We are delighted to bring BLACKIRON Data into Rogers
Business Solutions. BLACKIRON Data has an impressive national
footprint of 8 data centers providing data center, cloud, managed and
professional services to approximately 4,000 customers across Canada.
This presence, along with its skilled and passionate team will ensure
our collective sales teams are armed with the latest managed/hosted
service offerings to meet the needs of current and prospective
customers. We enthusiastically welcome BLACKIRON Data customers and
employees to Rogers Communications."
The transaction was approved by the PTGi Board of Directors and the
Special Committee of the Board of Directors.
PTGi (Primus Telecommunications Group, Incorporated) is
a leading provider of advanced communication solutions, including
traditional and IP voice, data, mobile services, broadband Internet,
metro fiber and Carrier Ethernet to business and residential
customers in Canada and the United States. PTGi is also one of the
leading international wholesale service providers to fixed and mobile
network operators worldwide. PTGi owns and operates its own global
network of next-generation IP soft switches, media gateways, hosted
IP/SIP platforms, broadband infrastructure, and fiber capacity in
Canada. Founded in 1994, PTGi is headquartered in McLean, Virginia.
Cautionary Statement Regarding Forward Looking Statements
release contains or incorporates a number of "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such statements are based on current
expectations, and are not strictly historical statements. In some
cases, you can identify forward-looking statements by terminology
such as "if," "may," "should," "believe," "anticipate," "future,"
"forward," "potential," "estimate," "opportunity," "goal,"
"objective," "growth," "outcome," "could," "expect," "intend,"
"plan," "strategy," "provide," "commitment," "result," "seek,"
"pursue," "ongoing," "include" or in the negative of such terms or
comparable terminology. These forward-looking statements inherently
involve certain risks and uncertainties and are not guarantees of
performance or results, or of the creation of shareholder value,
although they are based on our current plans or assessments which we
believe to be reasonable as of the date hereof. Factors or risks that
could cause our actual results to differ materially from the results
are more fully described in our annual report, quarterly reports or
other filings with the Securities and Exchange Commission, which are
available through our website at www.ptgi.com. Other unknown or
unpredictable factors could also affect our business, financial
condition and results. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, there can
be no assurance that any of the estimated or projected results will
be realized. You should not place undue reliance on these
forward-looking statements, which apply only as of the date hereof.
Subsequent events and developments may cause our views to change.
While we may elect to update these forward-looking statements at some
point in the future, we specifically disclaim any obligation to do
SVP Corporate Development and Chief Communications Officer
Carolyn Capaccio/Jody Burfening
SOURCE: Primus Telecommunications Group, Inc.
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