Bell Canada Acquiring Ziply Fiber in $7B Deal
BCE Inc.'s Bell Canada will acquire Ziply Fiber in a transaction valued at $7 billion, the companies announced Monday. It includes $5 billion in cash and the assumption of outstanding net debt of $2 billion. Bell estimated that about $4.2…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
billion in net proceeds from selling its ownership stake in Maple Leaf Sports & Entertainment will go toward funding the acquisition. The companies also expect to reach more than 12 million locations with fiber by the end of 2028. "This acquisition enhances our growth strategy with the scale and experience of one of North America’s leading fiber operators," said Ziply Fiber CEO Harold Zeitz.