BCE Inc. has completed the acquisition of Ziply Fiber for C$5.0 billion, enhancing its footprint in the U.S. market as a significant player in fiber Internet services.

Information on the Target

BCE Inc. (TSX: BCE, NYSE: BCE) has successfully finalized its acquisition of Ziply Fiber, the premier fiber Internet provider in the Pacific Northwest region of the United States. This strategic acquisition was completed for a total consideration of C$5.0 billion (approximately U.S. $3.65 billion) in cash, along with the assumption of approximately C$2.6 billion in outstanding net debt at the time of closing.

Ziply Fiber will function as a distinct business unit while maintaining its headquarters in Kirkland, Washington. With its existing management team and dedicated workforce, Ziply Fiber aligns with BCE's strategic objectives to enhance fiber Internet networks, offering increased value to both existing and new customers in Canada and the U.S. as the demand for high-speed, reliable Internet continues to rise.

Industry Overview in the Target’s Specific Country

The fiber Internet industry in the United States is experiencing rapid growth, driven by increasing consumer demand for high-speed connectivity. The rise of remote work, online streaming, and cloud computing has