CNW could sign a 10 year contract to outsource it's rack space to Webcentral data centres and pay a small bandwidth usage fee as a cost of goods sold item.
Then yes they would transform the profit position and could focus on profitable sales rather than hardware and stay independent to entice a better share take over option within the 10 years. Win win with an aligned shareholder given they already own a large chunk of the company.
Or CNW run the risk of a large fund acquiring another significant chunk and that fund with Webcentral vote to delist and destroy the shareholder value etc.