Xplornet Acquires Metro Loop (Ocdotus Inc.)

MetroNet Acquires Vexus Fiber

January 27, 2022

Telecommunications

MetroNet announced a merger with Lubbock-based Vexus Fiber, combining their fiber-to-the-home networks to accelerate FTTH expansion across Texas, New Mexico and Louisiana. The companies will continue to operate under their current brands and leadership teams; terms were not disclosed.

Xplornet Communications Acquires Corridor Communications (CCI Wireless)

October 1, 2020

Telecommunications

Xplornet Communications Inc. has completed the acquisition of Corridor Communications Inc., which operates CCI Wireless, expanding Xplornet’s operational presence across western Canada. The deal will deepen Xplornet’s rural broadband footprint in Alberta, Manitoba and Saskatchewan while retaining CCI Wireless’ team and network assets to accelerate delivery of higher-speed and affordable services to rural communities.

Xplornet Acquires Swift High Speed

September 9, 2021

Telecommunications

Xplornet Communications Inc. has acquired Swift High Speed, a facilities-based rural broadband provider headquartered in Steinbach, Manitoba, including its customers, operations, 218 km of fibre and 119 broadcast towers. The deal transfers Swift High Speed's customers and network to Xplornet while the existing ownership is spinning out employees and equipment into a new fibre installation business, Swift Underground, to continue working with Xplornet on regional FTTH buildout.

MetroNet Acquires Jaguar Communications

July 1, 2020

Telecommunications

MetroNet (MetroNet Holdings, LLC) has acquired Owatonna, Minnesota-based Jaguar Communications, integrating the regional fiber-optic provider into its 100% fiber network to expand ultra-high-speed internet, phone and IPTV services across southern Minnesota. MetroNet expects to invest an additional $150 million or more to grow the Minnesota market; terms were not disclosed and the companies will fully integrate under the MetroNet brand.

Beanfield Metroconnect Acquires FibreStream

January 25, 2022

Telecommunications

Beanfield Metroconnect, the owner and operator of a large independent fibre-optic network in Toronto and Montreal, acquired FibreStream, an ISP serving condominium residents in the GTA, Ottawa and Vancouver. The deal expands Beanfield’s residential footprint and customer base while retaining FibreStream’s plans and pricing for existing customers.

KKR and Oak Hill Capital Make New Investments in MetroNet

April 21, 2021

Telecommunications

Funds managed by KKR will join long-time partner Oak Hill Capital and MetroNet management in making new equity investments in MetroNet to accelerate deployment of fiber-to-the-premise (FTTP) broadband. The capital will support MetroNet's continued expansion of its 100% fiber optic network into additional U.S. communities and growth of residential and business broadband services.