Aptum sells fiber and transport business to Beanfield Metroconnect

May 07, 2020 | Posted by admin

Beanfield Metroconnect, a Canadian independent telecommunications infrastructure provider, has added to its bank account and its fiber network footprint. According to owners Digital Colony, the global digital infrastructure investment platform of Colony Capital, Inc. (NYSE: CLNY), Beanfield has successfully completed a strategic recapitalization that has netted the company CAN$255 million ($182 million) of financing. 

In connection with the deal, Beanfield also has acquired the metro network of Aptum Technologies, a global hybrid cloud and managed services provider.

The Aptum metro network acquisition expands Beanfield’s reach in Toronto. It follows the acquisition of regional telecom fiber services provider OpenFace Inc in Montreal. The acquisitions and other activities have expanded Beanfield’s fiber assets in the two cities by 10X since Digital Colony first invested in Beanfield last October. The company now operates more than 4,000 route miles of fiber across the two markets. The fiber networks reach 3,200 on-net buildings.

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