Today news
About the same in other media
BCE making major inroads into U.S. fibre networks with $5B acquisition
Reading now: 303
globalnews.caCanadian telecom firm BCE said on Monday it would buy internet services provider Ziply Fiber for $5 billion in cash, as it looks to expand its fibre footprint in the United States.
BCE’s subsidiary, Bell Canada, will use $4.2 billion of the proceeds it got from selling its stake in Maple Leaf Sports & Entertainment to Rogers Communications to fund this acquisition.
The buyout underscores Bell’s attempts to boost its fibre and internet business amid stiff competition in Canada.
After the deal closes, Bell said it would be poised to expand its fibre footprint to more than 12 million locations across North America by 2028.
Bell will also assume all of U.S.-based Ziply’s debt of around $2 billion.
Read more on globalnews.caAbout this in other media
Trump's new problem: Mass deportations could result in a major US recession, say economists economictimes.indiatimes.com /4 days ago
From New Jersey to Hawaii, Trump made inroads in surprising places in his path to White House economictimes.indiatimes.com /1 week ago
Wednesday Season 2 update: Major Hollywood star added to Jenna Ortega's mystery series economictimes.indiatimes.com /1 week ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
