BCE, PSP Investments and Ziply Fiber to form Network FiberCo.

BCE, a telecommunications provider, PSP Investments, a pension investor, and Ziply Fiber, an American telecommunications company, agreed to form Network FiberCo, a long-term strategic partnership to accelerate the development of fibre infrastructure through Ziply Fiber, in underserved markets in the United States. Financial terms were not disclosed. "PSP Investments is pleased to partner with BCE, a long-standing Canadian champion of innovation and connectivity, to support the development of fibre infrastructure in Ziply Fiber’s target markets, which benefit from secular tailwinds. This commitment by PSP Investments will generate inflation linked and downside protected returns, which will contribute to fulfilling our mission to support the retirement of people who protect and serve Canada," Mirko Bibic, BCE President and CEO.