Cogeco Peer 1 Acquisition by Digital Colony Closes

Standalone Business Focuses on Neutral-Host Digital Infrastructure
Solutions

TORONTO–(BUSINESS WIRE)–Cogeco Peer 1, a leading provider of colocation, network connectivity
and managed services, today announced the completion of its acquisition
by Digital Colony, a global investment firm dedicated to strategic
opportunities in digital infrastructure. The company, which will operate
as a standalone business, was previously part of Cogeco Communications
Inc. (TSX:CCA). The transaction was originally announced on February 27,
2019.

Cogeco Peer 1 will remain headquartered in Toronto and will continue to
prioritize employee engagement and customer and partner success through
two business units. The new Fiber business unit will focus on scaling
the company’s fiber assets, which currently encompass more than 3,300
route kilometers of owned, dense metro fiber in Canada’s two largest
urban markets. It will become the country’s first neutral-host provider
of small cell and 5G infrastructure and enterprise and wholesale fiber
connectivity. The other business unit will concentrate on growing the
company’s data center portfolio which is located across North America
and Europe offering hybrid-solutions and managed services to a global,
blue-chip customer base.

“As the world continues to become more reliant on wireless technologies
and mobile devices, increased access to digital infrastructure assets
and cloud storage is imperative,” said Susan Bowen, CEO of Cogeco Peer
1. “We look forward to meeting the fiber and data center needs of a
range of customers, from mobile network operators to leading enterprise
organizations, as a standalone business.”

“Cogeco Peer 1 has a strong management team in place to lead the company
as it enters the next phase of its growth and evolution,” said Steven
Sonnenstein, a Managing Director at Digital Colony. “We are excited to
support the leadership team as it scales the business, providing
superior service to customers around the world as a neutral- host
provider of digital infrastructure.”

RBC Capital Markets acted as sole financial advisor to Digital Colony,
Miller Thomson LLP served as the firm’s legal counsel, and TD Bank led
the debt financing. BMO Capital Markets acted as the exclusive financial
advisor to Cogeco Communications, and Stikeman Elliott LLP provided
legal counsel.

ABOUT COGECO PEER 1

Cogeco Peer 1 is a global provider of essential business-to-business
products and services, such as colocation, network connectivity, managed
hosting, cloud services and managed services, that allow customers
across Canada, Mexico, the United States and Western Europe to focus on
their core business. With 16 data centers, extensive FastFiber Network®
and more than 50 points-of-presence in North America and Europe
combined, Cogeco Peer 1 is a trusted partner to businesses small, medium
and large, providing the ability to access, move, manage and store
mission-critical data worldwide, backed by superior customer support.
Cogeco Peer 1 is a portfolio company of Digital Colony, a global
investment firm dedicated to strategic opportunities in digital
infrastructure. For more information, visit www.cogecopeer1.com.

ABOUT DIGITAL COLONY

Digital Colony is a global investment firm dedicated to strategic
opportunities in digital infrastructure. The firm was launched in 2018
by Digital Bridge Holdings, LLC, a leading investor in and operator of
companies enabling the next generation of mobile and internet
connectivity, and Colony Capital, Inc. (NYSE:CLNY), a leading global
real estate and investment management firm. The firm brings together
Digital Bridge’s industry, operational and investment expertise in the
telecommunications sector with Colony Capital’s 26 years of experience
as a global investment manager. For more information, please visit www.digitalcolony.com.

Contacts

Richard Cook
Champion Communication
Tel : +44 (0) 207 030 3818
richard.cook@championcomms.com

For Digital Colony
Charlyn Lusk
Stanton
Tel: +1
(646) 502-3549
clusk@stantonprm.com

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