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The deal extends Bell’s fibre reach across North America, targeting millions of new connections
Bell Canada Enterprises, Canada’s largest telecom company, is making its first move into the US fibre market. Bell Canada, a subsidiary of BCE, has agreed to acquire Ziply Fiber, a fibre internet provider in the Pacific Northwest, for CAD 7 billion ($5.1 billion). The deal involves CAD 5 billion ($3.6 billion) in cash and the assumption of CAD 2 billion ($1.5 billion) in Ziply’s debt, expanding Bell’s North American footprint.
“Bell’s leadership and vision aligns perfectly with our commitment to improve the connected experiences of our communities through fast, reliable fibre Internet and a refreshingly great experience. This acquisition enhances our growth strategy with the scale and experience of one of North America’s leading fibre operators,” said Harold Zeitz, CEO of Ziply Fiber in a press release.
Since 2020, Ziply has grown its network to cover 1.3 million locations across four states, with a target to reach over three million in the next four years. The acquisition will give Bell a reach of over 12 million fibre locations across North America by 2028, making it one of the top three fibre internet providers on the continent.
Once finalised, the deal is set to offer more options to customers on both sides of the border.
The transaction, expected to close in late 2025 and is subject to regulatory approval. The deal will be financed through the proceeds from BCE’s sale of its Maple Leaf Sports & Entertainment stake, alongside a discounted Dividend Reinvestment Plan.
Earlier this year, BCE announced it would cut 4,800 jobs, roughly 9% of the company’s 44,610 workforce, as the company reported “declining legacy phone and news business”. The company estimated that the job cuts will bring in “in-year cost savings” of between CAN$150 million ($111 million) and $200 million ($148 million) and will put the company in a better position for future success.
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