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June 13 (Reuters) - Canada's Shaw Communications Inc said on Tuesday it would sell its data center subsidiary ViaWest Inc to Peak 10 Holding Corp for about C$2.3 billion, as the cable company looks to streamline its operations.
Shaw bought ViaWest from private equity firms Oak Hill Capital Partners and GI Partners for about $1.2 billion three years ago.
Analysts have been calling on Shaw to sell its data centers after U.S. telecommunications firms Verizon Communications Inc and CenturyLink Inc reaped several billions of dollars in sales after agreeing to sell their portfolios last year.
ViaWest is a Colorado-based data center company which offers hybrid IT and cloud-based solutions. It owns about 30 data centers in several U.S. states including Colorado, Nevada and Minnesota.
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 for Viawest and was expecting to a higher price than its original investment.
TD Securities acted as exclusive financial adviser and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Dentons Canada LLP provided legal advise, Shaw said on Tuesday. ($1 = C$1.33 Canadian dollars) (Reporting by Rishika Sadam in Bengaluru; Editing by Shounak Dasgupta)