M&A Deal Summary

Xplornet Acquires Platinum Communications

On September 9, 2015, Xplornet acquired communications company Platinum Communications

Acquisition Highlights
  • This is Xplornet’s 1st transaction in the Communications sector.
  • This is Xplornet’s 1st transaction in Canada.
  • This is Xplornet’s 1st transaction in Alberta.

M&A Deal Summary
Date 2015-09-09
Target Platinum Communications
Sector Communications
Buyer(s) Xplornet
Deal Type Add-on Acquisition
Advisor(s) Evans & Evans, Inc. (Financial)

Target

Platinum Communications

Calgary, Alberta, Canada
website
Platinum Communications Corp. operates a wireless broadband network that utilizes Next-Generation WiMAX technology to bring fast, reliable and affordable Internet and digital phone service to residents and businesses across the province.

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Buyer(S) 1

Buyer

Xplornet

Woodstock, New Brunswick, Canada

website

Category Company
Founded 2004
Sector Communications
DESCRIPTION

Xplornet is a provider of broadband access to rural consumers across Canada using both 4G Wireless and two-way next-generation satellites. Xplornet has been providing innovative fixed and mobile broadband solutions to rural customers at work, home and plays across Canada. Xplornet offers voice and data communication services through its unique hybrid fiber wireless and satellite network that connects Canadians to what matters. Xplornet was founded in 2004 and is based in Woodstock, New Brunswick.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Alberta) 1 of 2
Country (Canada) 1 of 4
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 CCI Wireless

Calgary, Alberta, Canada

Corridor Communications, Inc. is an internet service provider specializing mainly in providing fixed-point wireless connections to homes in rural Alberta. Corridor Communications was founded in 20078 and is based in Calgary, Alberta.

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