TELUS Communications completed the acquisition of the Canadian business of Vivint Smart Home for $105m.

TELUS Communications, a telecommunications company, completed the acquisition of the Canadian business of Vivint Smart Home, a smart home solutions provider, for $105m. Vivint Smart Home agreed to certain covenants, representations, warranties and indemnifications, which obligations are guaranteed by Vivint. As a result of the aforementioned sale, Vivint will cease conducting operations in Canada, except for certain obligations pursuant to a transition services agreement entered into with TELUS.