Bell Acquires Ziply Fiber, Expands Fibre Footprint in US

Bell has completed its acquisition of Ziply Fiber, expanding its fiber footprint in the US by 1.4 million locations, making it the third-largest fiber internet provider in North America. The acquisition also includes a strategic partnership with PSP Investments to develop fiber infrastructure, potentially reaching up to 8 million locations in the US. The deal was valued at C$5.0 billion ($3.65 billion) in cash and assumed net debt of C$2.6 billion.

Title: BCE Completes Acquisition of Ziply Fiber, Expanding US Fibre Footprint

Bell Canada Enterprises Inc. (BCE Inc.) has successfully completed its acquisition of Ziply Fiber, a leading fibre Internet provider in the Pacific Northwest of the United States. The deal, valued at C$5.0 billion (U.S. $3.65 billion) in cash, along with the assumption of outstanding net debt of approximately C$2.6 billion, marks a significant milestone in BCE's fibre growth strategy.

The acquisition will expand BCE's fibre footprint in the United States by 1.4 million locations, cementing its position as the third-largest fibre Internet provider in North America. This strategic move is part of BCE's broader plan to accelerate its fibre expansion in the U.S. market.

In addition to the acquisition, BCE has formed a strategic partnership with Public Sector Pension Investment Board (PSP Investments) to develop fibre infrastructure through Ziply Fiber. This partnership, known as Network FiberCo, aims to potentially reach up to 8 million fibre locations in the U.S., further solidifying BCE's leadership in the fibre Internet market.

The acquisition financing was supported by the proceeds of the sale of BCE's minority stake in MLSE, completed on July 1, 2025. This transaction marked the conversion of BCE's passive interest in MLSE into a core business growth driver.

Ziply Fiber will continue to operate as a separate business unit, headquartered in Kirkland, Washington, with its existing management team and highly skilled workforce. The combination of BCE's deep fibre expertise and Ziply Fiber's experienced management team and ambitious expansion plans is expected to create a powerful platform for long-term growth, scale, and geographic diversification.

Together, BCE and Ziply Fiber will offer enhanced value for existing and new customers in both Canada and the United States, as demand for faster, more reliable Internet continues to grow. BCE will update its 2025 financial guidance targets to reflect the Ziply Fiber acquisition when it reports Q2 2025 results on August 7.

Mirko Bibic, President & CEO of BCE Inc. and Bell Canada, stated, "The acquisition of Ziply Fiber marks a key milestone in our fibre growth strategy by establishing a significant foothold in the attractive U.S. market. By combining Bell's deep fibre expertise with Ziply Fiber's experienced management team and ambitious expansion plans, we are creating a powerful platform for long-term growth, scale, and geographic diversification that positions us to unlock significant value for our shareholders."

Harold Zeitz, CEO of Ziply Fiber, added, "Bell's culture, vision, and long-term strategy support and amplify our purpose to deliver the best and fastest fibre network with a refreshingly great customer experience. We're excited to accelerate and expand our fibre build to reach more communities and provide the connectivity and service they deserve."

References:
1. [https://finance.yahoo.com/news/bce-completes-acquisition-ziply-fiber-133700830.html](https://finance.yahoo.com/news/bce-completes-acquisition-ziply-fiber-133700830.html)
2. [https://www.prnewswire.com/news-releases/bce-completes-acquisition-of-ziply-fiber-accelerating-its-fibre-growth-strategy-302519655.html](https://www.prnewswire.com/news-releases/bce-completes-acquisition-of-ziply-fiber-accelerating-its-fibre-growth-strategy-302519655.html)