Bell Canada has agreed to acquire US fiber company Ziply Fiber as part of Bell's plans to expand its fiber footprint across North America and over the border into the US. Bell noted that the value of the deal is worth approximately C$5 billion ($3.6bn) in cash, plus the assumption of debt, resulting in an overall transaction value of close to C$7 billion (US$5bn).
"This acquisition marks a bold milestone in Bell's history as we lean into our fiber expertise and expand our reach beyond our Canadian borders," said Mirko Bibic, president & CEO, BCE and Bell Canada.
"Fiber is at the heart of what we do, and we're proud to connect people and businesses and enable them to do more through our fiber networks. By bringing together Bell and Ziply Fiber's exceptional talent, we'll accelerate our growth while continuing to deliver significant value for our customers and shareholders."
