BCE, the parent company of Bell Canada, has announced the acquisition of U.S.-based Ziply Fiber for approximately CAD 7 billion, including $5 billion in cash and the assumption of Ziply’s $2 billion debt. This strategic move will position Bell as a major player in the U.S. fibre market, marking a substantial expansion of its footprint across North America.
Ziply Fiber’s robust network includes over 1.3 million fibre locations across four states, with plans to reach 3 million locations by 2028. With this acquisition, Bell aims to serve over 12 million fibre locations across North America, solidifying its place as the third-largest fibre provider in the U.S.
The expanded infrastructure will enable Bell and Ziply Fiber to enhance service quality and meet rising demand for faster, more reliable Internet across both nations. Despite recent workforce reductions, including job cuts at Expertech and closures of The Source stores, this acquisition underscores Bell’s commitment to strengthening its core fibre services for future growth.
Source: Swifteradio.com