The telco’s subsidiary Telehouse is acquiring three buildings in downtown Toronto, Allied announced. The three are linked by so much fibre-optic cable that they practically operate as one site, where major internet providers (including Bell, Rogers and Telus) and users connect their networks. (The Logic)

Talking point: Allied has run the sites as neutral territory for its tenants. Dan Armstrong, the CEO of indie internet provider Beanfield, told The Logic in January he was terrified when Allied hung the for-sale sign, lest the properties go to a Beanfield competitor or even just an owner with a different business model. On Wednesday, he said that at first glance, this is “one of the best outcomes that I could have imagined,” since Telehouse doesn’t compete with current tenants (this purchase is its entry into Canada) and is known as a top-notch operator. Allied said it will use most of the proceeds to pay down debt.