M&A Deal Summary

Distributel Communications Acquires YAK Communications

On September 7, 2016, Distributel Communications acquired communications company YAK Communications from Globalive Communications

Acquisition Highlights
  • This is Distributel Communications’ 1st transaction in the Communications sector.
  • This is Distributel Communications’ 1st transaction in Canada.
  • This is Distributel Communications’ 1st transaction in Ontario.

M&A Deal Summary

Date 2016-09-07
Target YAK Communications
Sector Communications
Buyer(s) Distributel Communications
Sellers(s) Globalive Communications
Deal Type Divestiture

Target

YAK Communications

Toronto, Ontario, Canada
Yak Communications is a long-distance provider and one of the first entrants to Canada's competitive communications market and has always provided Canadian consumers with great services at a fair price. Yak is continuously evolving its product line to expand coverage and bring its transparent, no-contract, no hidden fee services to more customers.

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Buyer(S) 1

Buyer

Distributel Communications

Ottawa, Ontario, Canada

Category Company
Founded 1988
Sector Communications
DESCRIPTION

Distributel is a national telecommunications provider offering residential high-speed Internet, Television, Home Phone and Long Distance services at competitive prices in Quebec, Ontario, Alberta and British Columbia. Its business services brand, ThinkTel, offers complete IP-based phone, video-conferencing and data communications solutions. One hundred per cent Canadian owned, Distributel has grown to become Canada's leading independent Internet Service Provider. In operation since 1988, Distributel has a long history of being a pioneer of both the competitive Long Distance and Internet industries in Canada. It currently services more than 1,000 cities in Canada.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Globalive Communications

Toronto, Ontario, Canada

Category Company
Founded 1998
Sector Communications
DESCRIPTION

Globalive Communications Corp. is a provider of telecommunications services. Company have a particular strength in managing legacy telecommunications assets and optimizing cash flow and growth as appropriate.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 1 of 1