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  5. TELUS Acquires PSINet Canada

M&A Deal Summary

TELUS Acquires PSINet Canada

On June 20, 2001, TELUS acquired communications company PSINet Canada for 77M USD

Acquisition Highlights
  • This is TELUS’s 2nd transaction in the Communications sector.
  • This is TELUS’s 7th largest (disclosed) transaction.
  • This is TELUS’s 3rd transaction in Canada.

M&A Deal Summary
Date 2001-06-20
Target PSINet Canada
Sector Communications
Buyer(s) TELUS
Deal Type Add-on Acquisition
Deal Value 77M USD

Target

PSINet Canada

Canada
In Canada, PSINet provides Internet access, Web hosting, security and e-commerce application services to the Canadian business and ISP markets. The company also delivers consumer and small business Internet services in the Calgary area through its wholly-owned subsidiary, CADVision. PSINet has about 50 points-of-presence, or connection facilities. It serves most major markets in the country, including Toronto, Montreal, Ottawa, Edmonton, Calgary and Vancouver.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Communications
Employees106,800
Revenue 20.1B CAD (2024)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services, including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 3 of 21
Sector: Communications M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 20
Country: Canada M&A 3 of 19
Year: 2001 M&A 2 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-31 Arqana Technologies

Quebec, Canada

Arqana Technologies is an information technology infrastructure solutions provider. Arqana provides consultation and deployment of local and wide-area networks, enterprise servers, storage devices and information security and management tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-16 Adcom

Toronto, Ontario, Canada

Adcom, Inc. is a provider of videoconferencing services. ADCOM offers a complete range of professional videoconferencing products, peripherals and "tailored services".

Buy -
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