M&A Deal Summary

Xplornet Acquires Metro Loop

On December 15, 2020, Xplornet acquired communications company Metro Loop

Acquisition Highlights
  • This is Xplornet’s 3rd transaction in the Communications sector.
  • This is Xplornet’s 3rd transaction in Canada.
  • This is Xplornet’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-12-15
Target Metro Loop
Sector Communications
Buyer(s) Xplornet
Deal Type Add-on Acquisition

Target

Metro Loop

Hamilton, Ontario, Canada
Metro Loop, headquartered in Hamilton, Ontario, provides fiber-to-the-premise services through its state-of-the-art fiber network in Hamilton and Haldimand County.

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Buyer(S) 1

Buyer

Xplornet

Woodstock, New Brunswick, Canada
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 3 of 4
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 3 of 4
Year (2020) 2 of 2
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Swift High Speed

Steinbach, Manitoba, Canada

Swift High Speed provides fiber-to-the-home and fixed wireless services to over 6,000 customers across rural southeastern Manitoba. The company offers customers a true connection, at any time of the day, Swift Internet is city speed and city quality internet delivered to clients residences and businesses. Swift High Speed is based in Steinbach, Manitoba.

Buy -
Mergr

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