- BCE Inc. announced a $5 billion acquisition of Ziply Fiber, a U.S.-based fiber internet provider, adding 1.3 million U.S. locations to its network.
- The company expects the move to strengthen its fiber network in North America, despite a significant drop in share price.
- Analysts expressed mixed views, noting-potential-growth but high costs and a shift away from traditional Canadian telecom investments.
Business
BCE to Acquire U.S. Fibre Internet Provider Ziply Fiber in $5 Billion Deal to Expand North American Network
Nov 05, 2024 Share