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Cogeco Communications Inc.

10:48 AM EST - Cogeco Communications Inc. : Has reached an agreement to sell Cogeco Peer 1 Inc., its business information and communications technology services subsidiary, to affiliates of Digital Colony, a global investment firm dedicated to strategic opportunities in digital infrastructure.The transaction is valued at $720 million and is subject to certain closing adjustments. Cogeco Communications Inc. shares T.CCA are trading up $5.36 at $80.41.