BCE completes acquisition of Ziply Fiber, accelerating its fibre growth strategy

Core Points - BCE Inc. has completed the acquisition of Ziply Fiber for C$5.0 billion (U.S. $3.65 billion) in cash, along with assuming approximately C$2.6 billion in net debt [2][10] - The acquisition is part of BCE's strategy to expand into the U.S. market, potentially reaching up to 8 million fiber locations, making it the third-largest fiber Internet provider in North America [3][10] - Ziply Fiber will operate as a separate business unit, maintaining its headquarters in Kirkland, Washington, and its existing management team [5][11] Financial Impact - BCE will update its 2025 financial guidance to reflect the acquisition when reporting Q2 2025 results on August 7 [6] - The acquisition financing was supported by the proceeds from the sale of BCE's minority stake in MLSE, completed on July 1, 2025 [4] Strategic Partnership - BCE and PSP Investments have formed a strategic partnership to create Network FiberCo, aimed at developing fiber infrastructure through Ziply Fiber [3][10] - This partnership is expected to enhance Bell's capabilities in the U.S. fiber market and support long-term growth [7][10]