Ziply Fiber's C$5 Billion purchase has been finalized, as announced by BCE.
BCE Expands into US Market with Acquisition of Ziply Fiber
BCE, a leading telecommunications company in Canada, has made a strategic move to expand its footprint into the US market by acquiring Ziply Fiber, a leading fiber Internet provider in the Pacific Northwest. The $5 billion cash deal, announced on [date], positions BCE as the third-largest fiber Internet provider in North America.
The acquisition was financed using proceeds from the sale of BCE's minority stake in MLSE, which was completed on July 1, 2025. In addition, BCE assumes approximately C$2.6 billion in Ziply Fiber's outstanding net debt.
Ziply Fiber will continue to operate as a separate business unit, maintaining its headquarters in Kirkland, Washington. The company aims to provide the connectivity and service that these communities deserve.
The acquisition is a key component of BCE's broader strategy to accelerate its fiber growth. The combination of Bell's deep fiber expertise and Ziply Fiber's experienced management team is creating a powerful platform for long-term growth. The collaboration between Bell and Ziply Fiber is expected to unlock significant value for BCE's shareholders.
With the addition of Ziply Fiber, the partnership between BCE and PSP Investments will potentially reach up to 8 million fiber locations in the US. This expansion is expected to accelerate and expand Ziply Fiber's fiber build to reach more communities.
The acquisition of Ziply Fiber is a major strategic move for BCE. It is aimed at accelerating its fiber growth and expanding its footprint into the US market. This move supports BCE’s focused strategy on fiber broadband as a core growth engine in the evolving telecommunications landscape.
The acquisition is also expected to enhance customer value. Joint efforts between Bell and Ziply Fiber are expected to improve fiber network quality and reach, addressing growing demand for faster, high-reliability internet services in both Canada and the US.
The FCC has approved the acquisition with conditions ensuring compliance with US law and subsidy program commitments, including those under the Rural Digital Opportunity Fund.
Overall, the acquisition solidifies BCE's position as a key player in the North American fiber market and establishes a significant foothold in the US market for BCE. The collaboration between Bell and Ziply Fiber is expected to offer enhanced value to customers in both Canada and the US.
The acquisition of Ziply Fiber, a leading fiber Internet provider, not only marks a strategic entry into the US market for BCE but also underscores its commitment to growth in the technology sector, especially the fiber-optic business. This venture, financed by proceeds from the sale of BCE's minority stake in MLSE, is poised to significantly enhance BCE's position in the North American finance industry.
