Home Technology Bell to acquire independent telecom company Distributel

Bell to acquire independent telecom company Distributel

2 min read
Comments Off on Bell to acquire independent telecom company Distributel
0
58


Canada’s independent telecom market continues to shrink. Ottawa-based Distributel will join Bell’s growing roster of companies.

In a press release, Bell says the merger will support Distributel’s growth in residential and business internet services.

“Distributel is a highly successful company with experienced industry talent and we’re excited for them to join the Bell group of companies,” Blaik Kirby, group president of consumer and small and medium business at Bell, said.

“As part of Bell, Distributel will enhance its innovative services for residential and small and medium business customers, backed by Bell’s resources and technology.”

It’s not clear what the financial value of the merger is. However, Bell says its investment will provide Distributel with resources and technology to help the businesses grow.

“With this announcement, Distributel is better positioned to compete and deliver on our decades-long commitment to bringing choice and affordability to Canadians from coast to coast to coast,” Matt Stein, Distributel’s CEO, said.

The press release notes Distributel will “operate independently” once the acquisition closes. The merger is subject to regulatory approvals.

Image credit: Shutterstock

Source: Bell





Source link

Load More Related Articles
Load More By 
Load More In Technology
Comments are closed.

Check Also

year JGB yield falls, longer-term notes keep rising

Article content TOKYO — The Japanese government bond market moved in mixed directions on W…