M&A Deal Summary

Xplornet Acquires Swift High Speed

On September 9, 2021, Xplornet acquired communications company Swift High Speed

Acquisition Highlights
  • This is Xplornet’s 4th transaction in the Communications sector.
  • This is Xplornet’s 4th transaction in Canada.
  • This is Xplornet’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2021-09-09
Target Swift High Speed
Sector Communications
Buyer(s) Xplornet
Deal Type Add-on Acquisition

Target

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.

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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 4 of 4
Sector (Communications) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Manitoba) 1 of 1
Country (Canada) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 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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