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Announced

Completed

Xplornet completed the acquisition of Corridor Communications.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Canada

telecommunications

broadband services

Majority

Single Bidder

broadband

Acquisition

Friendly

Internet

Completed

Private

Synopsis

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Xplornet Communications, a rural-focused broadband service provider, completed the acquisition of Corridor Communications, a provider of broadband solutions. Financial terms were not disclosed. “This exciting acquisition will join CCI Wireless’ Western depth and robust network to Xplornet’s nation-wide team and state-of-the-art rural broadband infrastructure. This will enable us to accelerate our plans to deliver unprecedented speeds and unlimited data plans at affordable prices to rural customers,” Allison Lenehan, Xplornet President and CEO.

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