Rogers Buys Atria, Aims at SMBs

Rogers Communications (www.rogers.com) has entered into an agreement to acquire Atria Networks, owner and operator of one of Ontario's largest fiber-optic networks for cash consideration of $425 million, subject to certain adjustments. Atria Networks is privatel...

Rogers Communications (www.rogers.com) has entered into an agreement to acquire Atria Networks, owner and operator of one of Ontario's largest fiber-optic networks for cash consideration of $425 million, subject to certain adjustments. Atria Networks is privately owned by Birch Hill Equity Partners.

The purchase of Atria, based in Kitchener, Ontario, is intended to augment the Rogers Business Solutions offering by enhancing its ability to deliver on-net data-centric services within and adjacent to the company's cable footprint.

"The acquisition of Atria strategically fits with our enterprise strategy to offer on-net, high growth data services to small and medium sized businesses," said Nadir Mohamed, Rogers president and CEO, in a statement.

Atria's network includes 5,600 fiber route kilometers and more than 3,800 on-net buildings in high-growth territories including Ottawa, Cornwall, Kitchener-Waterloo, Cambridge, Guelph, Richmond Hill, Markham, Hamilton, Barrie, Orillia, Peterborough and Vaughan. Rogers expects the transaction to close prior to the end of its first quarter, 2011.
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