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New Deal


Announced

Completed

Xplornet Communications completed the acquisition of TowerCo's tower assets in Manitoba.

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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Single Bidder

Telecommunications Equipment

Domestic

tower assets

Majority

Friendly

Canada

Private

Acquisition

Completed

Synopsis

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Xplornet Communications, a rural-focused broadband service provider, completed the acquisition of tower assets in Manitoba from TowerCo, which owns, builds and manages a portfolio of cellular towers and properties for colocation. Financial terms were not disclosed. "This is a good site acquisition opportunity for Xplornet as we are finalizing agreements with the Province of Manitoba to deliver fast and reliable Internet and cellular services to rural Manitoban homes and businesses. This is another exciting step to expand Xplornet's network infrastructure and presence in rural Manitoba," Allison Lenehan, Xplornet President and CEO.

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