Bell Canada has reached a definitive agreement to acquire Ziply Fiber in a deal valued at approximately CAD 7 billion. The transaction includes CAD 5 billion in cash and the assumption of around CAD 2 billion in net debt, which will be rolled over at closing.
This acquisition enhances Bell’s growth profile and strategic position by establishing a foothold in the large, underpenetrated U.S. fiber market, while increasing scale, diversifying its operating footprint, and unlocking significant growth opportunities.
“This acquisition marks a bold milestone in Bell’s history as we expandour fiber expertise and extend our reach beyond our Canadian borders. Fiber is at the heart of what we do, and we’re proud to connect people and businesses to enable them to do more through our fiber networks. By bringing together Bell and Ziply Fiber’s exceptional talent, we’ll accelerate our growth while continuing to deliver significant value for our customers and shareholders,” commented Mirko Bibic, President & CEO, BCE and Bell Canada.
Upon the closing of this acquisition, Bell will be poised to expand its fiber footprint to over 12 million locations across North America by the end of 2028, reinforcing its position as the third-largest fiber Internet provider in North America.
Enhanced Fiber for North America
Ziply Fiber’s focus on network technology and innovation has resulted in a steady expansion of its footprint since 2020, with over 1.3 million fiber locations across four U.S. states and plans to reach more than three million locations in the next four years.
The combination of Bell and Ziply Fiber will offer enhanced value for existing and new customers in both Canada and the United States as demand for faster, more reliable Internet and data services increases. Together, the two companies bring a depth of management, product leadership and technological expertise, aligned on culture, vision and long-term strategy.
“Bell’s leadership and vision aligns perfectly with our commitment to improve the connected experiences of our communities through fast, reliable fiber Internet and an exceptional customer experience. This acquisition enhances our growth strategy with the scale and experience of one of North America’s leading fiber operators,” added Harold Zeitz, CEO, Ziply Fiber.
The acquisition is anticipated to close in the second half of 2025, pending customary closing conditions and regulatory approvals. After completion, Ziply Fiber will operate as a standalone business unit, retaining its headquarters in Kirkland, Washington.
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