Xplornet Acquires Swift High Speed
September 9, 2021
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.
- Buyers
- Xplornet Communications Inc.
- Targets
- Swift High Speed
- Industry
- Telecommunications
- Location
- Manitoba, Canada
- Transaction Type
- Buyout
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