Who's Buying Telecommunications Companies in Canada

Tracked deals

44

44 tracked deals across 2019-2026.

Buyer mix

Mixed buyer set

36 strategic · 17 pe

Top trend

Volume peaked in 2021

8 tracked deals announced in 2021.

Primary Insight

What Stands Out

  • Deal activity clusters in Ontario, Quebec, Alberta, and New Brunswick, with targets ranging from wireless connectivity to networking software and satellite services.
  • Buyer interest includes both infrastructure platforms (e.g., shared towers) and capability add-ons (IoT intelligence, RF/uplink-downlink products, programmable networking).
  • Several deals focus on managed or mission-critical communications, including public-safety backup/VoIP 911 and NATO/allied tactical communications.
  • Recurring buyer names across the list include Xplornet Communications Inc., Cogeco Communications Inc., Telesat Corporation, and Main Street Capital Corporation.
Theme What it looks like in these deals
Connectivity expansion Broadband, IoT managed platforms, portable LTE/5G private networks
Network software & performance SRv6, service chaining, programmable networking
Satellite & remote services Satellite communications expertise and integration
Public safety / defence Backup 911 capabilities and tactical dual-use communications

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Xplornet Communications Inc. 3 Rural-focused broadband service provider operating a nati... Strategic (PE-backed)
Beanfield Metroconnect 2 Owner and operator of an independent fibre-optic network ... Strategic (PE-backed)
Aliter Holding 1 Slovak-Canadian technology company providing information ... Strategic
Aliter Holding, a.s. 1 Parent company of Aliter Technologies; invests in and ope... Strategic
Audax Private Equity 1 Alternative investment manager focusing on middle-market ... PE
Aurora Towers 1 Independent wireless tower operator in Canada building an... Strategic
Aviat Networks, Inc. 1 Provider of wireless transport and backhaul solutions (mi... Strategic
BRC Group Holdings, Inc. 1 Diversified holding company operating communications, fin... Strategic
Beanfield Technologies Inc. 1 Independent telecommunications infrastructure provider th... Strategic (PE-backed)
Bell 1 Canada's largest communications company providing broadba... Strategic

Acquisition Volume in Telecommunications in Canada by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Who's Buying Telecommunications Companies in Canada. 1 2019 8 2020 8 2021 7 2022 3 2023 5 2024 5 2025 ~9 est. 7 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Modaxo completes acquisition of Conduent’s Transit Fare and Fleet Management businesses
    October 1, 2026
    Buyer
    Modaxo Inc.
    Target
    Transit Fare Management business, Fleet Management Solutions business
    Seller
    Conduent Incorporated
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Modaxo launched its new Novvan (Transit Fare Management) and Routeward (Fleet Management Solutions) business units, reflecting its acquisition of the Transit Fare Management and Fleet Management Solutions businesses from Conduent. The announcement states the acquired businesses’ teams and solutions have now been integrated into Modaxo’s platform.

  • BRC Group Holdings to Acquire Sangoma Technologies to Scale Communications Portfolio
    September 28, 2026
    Buyer
    BRC Group Holdings, Inc.
    Target
    Sangoma Technologies Corporation
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    BRC Group Holdings, Inc. has entered into a definitive agreement for a wholly owned subsidiary to acquire all outstanding common shares of Sangoma Technologies Corporation. The transaction values Sangoma at an enterprise value of approximately $204 million and is structured as a plan of arrangement under Ontario law. BRC expects to hold Sangoma as part of BRC Telecom within its communications portfolio, expanding enterprise-grade capabilities and recurring revenue through Sangoma’s UCaaS, CCaaS, CPaaS, and connectivity offerings.

  • CVC DIF’s Aurora Towers to Acquire American Tower’s Canadian Wireless Tower Portfolio
    August 28, 2026
    Buyer
    CVC DIF (via Aurora Towers), Aurora Towers
    Target
    American Tower Corporation’s Canadian wireless tower portfolio (Canadian telecommunications tower business)
    Seller
    American Tower Corporation
    Industry
    Telecommunications
    Location
    Canada
    Type
    Buyout

    CVC DIF, through its portfolio company Aurora Towers, has agreed to acquire American Tower Corporation’s Canadian wireless telecommunications tower business. The transaction covers 255 wireless communication sites across Canada and is expected to expand Aurora’s portfolio to more than 650 sites, subject to regulatory approvals and expected to close in Q4 2026.

  • Calian acquires Galaxy Broadband Communications
    June 25, 2026
    Buyer
    Calian Group Ltd.
    Target
    Galaxy Broadband Communications, Galaxy Broadband Communications Inc.
    Seller
    Crown Capital Partners Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Calian Group Ltd. entered into a definitive purchase agreement to acquire Galaxy Broadband Communications from Crown Capital Partners Inc. for $24 million upfront consideration and up to $27.5 million in earnout consideration over three years. The acquisition focuses on expanding Calian’s communications and connectivity capabilities across Canada’s defence, government, critical infrastructure, and remote communities.

  • Louis Vachon-led investor group acquires Cobham Ultra’s tactical communications business, launches Marconi Technologies
    May 19, 2026
    Buyer
    Investor group led by Louis Vachon
    Target
    Cobham Ultra Tactical Communications division (Ultra I&C unit)
    Seller
    Cobham Ultra, Advent International
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    A Canadian investor group led by Louis Vachon acquired Cobham Ultra’s Tactical Communications division (Ultra I&C) and spun it into a standalone company branded as Marconi Technologies, headquartered in Montreal. The company launched as a Canadian majority-owned, veteran-run defence prime focused on tactical, dual-use communications for NATO and allied forces.

  • Credo Acquires Hyperlume for $92M
    April 21, 2026
    Buyer
    Credo
    Target
    Hyperlume
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Credo, a company based in San Jose, acquired Hyperlume, an Ottawa-based startup focused on microLED optical interconnects, in a deal valued at about $92 million in cash. The acquisition was revealed via a later SEC filing, with the article noting Credo paid roughly $92M for all Hyperlume shares (about $82.5M net after recovered cash).

  • OptConnect Acquires DPL Wireless
    January 16, 2026
    Buyer
    OptConnect
    Target
    DPL Wireless
    Industry
    Telecommunications
    Location
    New Brunswick, Canada
    Type
    Buyout

    OptConnect has acquired Canada-based DPL Wireless to expand engineering capabilities and add AI-based device intelligence to its global managed IoT connectivity platform. DPL will operate as a division of OptConnect with headquarters in Moncton, New Brunswick, and its Hercules AI platform will be integrated with OptConnect's ConnectIQ to improve uptime and analytics for ATMs and other IoT deployments.

  • RapidSOS Acquires Northern911
    November 10, 2025
    Buyer
    RapidSOS
    Target
    Northern911
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    RapidSOS has acquired Northern911, a Canada-based backup provider of 911 call-taking and dispatch services. The deal integrates Northern911’s APCO‑certified telecommunicators and backup/VoIP 911 capabilities into RapidSOS’ safety network to strengthen mutual aid, outage resilience, and AI-enabled data sharing for public safety agencies across North America.

  • Turnkey Communications Acquires WYRED and KYRO Private Network Platform from SMPH Consulting
    July 29, 2025
    Buyer
    Turnkey Communications
    Target
    WYRED, KYRO
    Seller
    SMPH Consulting Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Turnkey Communications acquired WYRED, including its flagship private network platform KYRO, from SMPH Consulting Inc. The KYRO portable LTE/5G private network solution is designed for rapid, secure deployment in harsh and remote critical infrastructure environments, expanding Turnkey’s connectivity capabilities for industrial, mining, energy, and remote infrastructure customers. The deal is anticipated to close later in 2025.

  • Northleaf Commits C$100 Million to Shared Tower
    March 14, 2025
    Buyer
    Northleaf Capital Partners
    Target
    Shared Tower
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Growth capital

    Northleaf Capital Partners has committed an initial C$100 million to Shared Tower to accelerate the company's build-out of carrier‑neutral telecommunications infrastructure across Canada. Shared Tower, founded in 2021 and headquartered in Oakville, Ontario, will use the capital to scale its network and serve existing and new customers; Northleaf was advised by CIBC Capital Markets and Davies Ward Phillips & Vineberg.

  • ETL Systems Acquires IRT Technologies
    February 14, 2025
    Buyer
    ETL Systems
    Target
    IRT Technologies
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    ETL Systems has acquired Canadian satellite-communications manufacturer IRT Technologies to broaden its RF amplifier and uplink/downlink product portfolio. The acquisition preserves IRT’s Canadian facility and is intended to strengthen ETL’s technical capabilities and North American go-to-market presence for broadcasting, telecom and defence customers.

  • Aliter Holding / Aliter Technologies Acquires Controlling Interest in 3C Information Solutions (3CIS)
    January 24, 2025
    Buyer
    Aliter Holding, a.s., Aliter Technologies
    Target
    3C Information Solutions Incorporated (3CIS)
    Industry
    Telecommunications
    Location
    Alberta, Canada
    Type
    Buyout

    Aliter Holding, a.s. (parent of Aliter Technologies) has acquired a controlling interest in Canadian communications specialist 3C Information Solutions Incorporated (3CIS), including its U.S. subsidiary. The acquisition strengthens Aliter's presence in Canada and the United States and expands its portfolio of communications and infrastructure services for government and commercial customers.

  • E.C.I. Networks Acquires NoviFlow
    October 30, 2024
    Buyer
    E.C.I. Networks
    Target
    NoviFlow
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    E.C.I. Networks, a Canadian provider of open networking solutions, has acquired NoviFlow, a Montreal-based leader in SRv6, service chaining and programmable networking software. The deal bolsters E.C.I.'s portfolio with NoviFlow's high-performance programmable service networking and cybersecurity technology to accelerate innovation and expand capabilities for data center and carrier customers.

  • Main Street Capital Participates in $41.4M Minority Recapitalization of Connect Telecommunications Solutions
    October 16, 2024
    Buyer
    Main Street Capital Corporation, Unnamed co-investor
    Target
    Connect Telecommunications Solutions Inc.
    Seller
    Connect Telecommunications Solutions founders
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Recapitalization

    Main Street Capital Corporation provided $41.4 million in a debt and equity investment to support a minority recapitalization of Connect Telecommunications Solutions Inc., a Kitchener, Ontario-based value-added distributor of fiber management solutions. Main Street and an unnamed co-investor partnered with the company’s founders to complete the transaction, enabling liquidity and capital to support the business.

  • Network Innovations Acquires Infosat Communications from Telesat
    September 1, 2024
    Buyer
    Network Innovations
    Target
    Infosat Communications
    Seller
    Telesat Corporation
    Industry
    Telecommunications
    Location
    Alberta, Canada
    Type
    Divestiture

    Network Innovations has acquired Infosat Communications, a satellite services business formerly owned by Telesat Corporation, with the first closing of the sale occurring on September 1, 2024. The acquisition adds Infosat’s remote connectivity expertise (including maritime and enterprise services) to Network Innovations’ global technology integration capabilities and will be closed in phases pending regulatory approvals.

  • PomeGran Acquires ROCK Networks
    February 26, 2024
    Buyer
    PomeGran Inc.
    Target
    ROCK Networks Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    PomeGran Inc. has acquired ROCK Networks Inc., bringing the telecom systems integrator and broadband service provider into PomeGran as a wholly owned subsidiary. The deal is intended to accelerate PomeGran's expansion of fibre, fixed wireless and other broadband services across underserved rural and Indigenous communities in Canada (and support efforts in the Northeastern US), with ROCK founder Joe Hickey named President of PomeGran.

  • Pavlov Media Acquires NetExperience
    January 24, 2024
    Buyer
    Pavlov Media
    Target
    NetExperience
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Pavlov Media has acquired NetExperience, the developer of the Telecom Infra Project (TIP) OpenWiFi Cloud Controller, and will run it as an independent division to accelerate global OpenWiFi deployments. NetExperience will remain based in Canada and continue serving its existing customers while enabling Pavlov to expand its open, disaggregated Wi‑Fi capabilities for multifamily, MSP and ISP customers.

  • Centerline Communications Acquires Pearson Pelletier Telecom (PPT)
    February 14, 2023
    Buyer
    Centerline Communications LLC, Audax Private Equity
    Target
    Pearson Pelletier Telecom
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Addon

    Centerline Communications, a portfolio company of Audax Private Equity, has acquired Pearson Pelletier Telecom (PPT) to expand its Canadian operations and service capabilities. The deal strengthens Centerline's footprint in Quebec and Ontario and adds specialized wireless network and antenna services to support major Canadian carriers.

  • DIF Capital Partners Invests in Canadian ISP RFNOW
    January 24, 2023
    Buyer
    DIF Capital Partners
    Target
    RFNOW Inc.
    Industry
    Telecommunications
    Location
    Manitoba, Canada
    Type
    Growth capital

    DIF Capital Partners has closed a growth investment in Canadian internet service provider RFNOW Inc. via its CIF III fund to accelerate expansion of RFNOW's 1,500 km fiber network and tower portfolio across Manitoba and Saskatchewan. RFNOW, based in Virden, Manitoba, serves more than 170 communities with residential and enterprise fiber, fixed wireless and voice services and employs over 120 people.

  • TRG Acquires Real World Communications Inc.
    January 12, 2023
    Buyer
    TRG
    Target
    Real World Communications Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    TRG, a global managed solutions provider focused on enterprise mobility, point of sale and payments, acquired Ontario-based Real World Communications Inc. (RWC). The acquisition expands TRG's Canadian footprint (including a larger Toronto/Scarborough facility) and adds RWC's wireless, mobility device and network solutions expertise to TRG's service offering, supporting growth across Canada and Europe.

  • Motorola Solutions Acquires Futurecom Systems Group
    October 25, 2022
    Buyer
    Motorola Solutions
    Target
    Futurecom Systems Group
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Motorola Solutions has acquired Futurecom Systems Group, an Ontario-based designer and manufacturer of in-vehicle, fixed and portable RF repeaters and extenders used to extend land mobile radio coverage for public safety agencies. The acquisition strengthens Motorola Solutions' product portfolio for mission-critical public safety communications; terms were not disclosed.

  • Ripley Tools Acquires Multiwave Sensors
    May 19, 2022
    Buyer
    Ripley Tools
    Target
    Multiwave Sensors
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Ripley Tools, a Hubbell brand and global manufacturer of tools and test equipment, has acquired Canadian geolocation and antenna-alignment specialist Multiwave Sensors (Bolton, Ontario). The acquisition expands Ripley’s product portfolio for wireless infrastructure installation by adding Multiwave’s Smart Aligner GNSS-based antenna alignment technology and related imaging/optical engineering capabilities.

  • Aviat Networks to Acquire Redline Communications
    April 13, 2022
    Buyer
    Aviat Networks, Inc.
    Target
    Redline Communications Group, Inc.
    Seller
    Redline shareholders
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Aviat Networks (Nasdaq: AVNW) has entered into an arrangement agreement to acquire all outstanding shares of Redline Communications Group (TSX: RDL) for CAD 0.90 per share in an all-cash transaction valued at approximately CAD 16.2 million. The acquisition, to be funded from Aviat's cash on hand and subject to customary regulatory and court approvals, will add Redline's wireless access capabilities (including Private LTE/5G and industrial PTP/PTMP) to Aviat's wireless transport portfolio to expand its private networks offerings and serve Oil & Gas, mining and transportation customers.

  • Bell Acquires EBOX
    February 24, 2022
    Buyer
    Bell
    Target
    EBOX
    Seller
    Jean-Philippe Béïque, Dominic Letourneau
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    Bell has acquired Longueuil-based internet, telephone and television service provider EBOX. EBOX will continue to operate under its brand and leadership in Québec and parts of Ontario, with Bell citing the acquisition as a way to strengthen its presence in Québec and support EBOX growth with Bell's scale and network resources.

  • Network Wireless Solutions (NWS) Acquires Gap Wireless
    February 7, 2022
    Buyer
    Network Wireless Solutions (NWS), Grain Management, LLC
    Target
    Gap Wireless
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Addon

    Network Wireless Solutions (NWS), a portfolio company backed by Grain Management, acquired Canada-based Gap Wireless to expand NWS's presence in Canada and broaden its North American scale. Gap Wireless, headquartered in Mississauga, Ontario, is a distributor of wireless infrastructure and test & measurement products and will be integrated in partnership with its existing management team.

  • Convergint Acquires Dramis Communications Solutions Ltd.
    February 3, 2022
    Buyer
    Convergint
    Target
    Dramis Communications Solutions Ltd.
    Industry
    Telecommunications
    Location
    New Brunswick, Canada
    Type
    Buyout

    Convergint, a global systems integrator, has acquired Dramis Communications Solutions Ltd., a Canadian telecommunications and networking reseller that provides security, VoIP, UCaaS and network services across Atlantic Canada. The acquisition expands Convergint's direct service coverage to every province in Canada and adds regional capabilities in telephony, nurse call, audiovisual and electronic security.

  • Beanfield Metroconnect Acquires FibreStream
    January 25, 2022
    Buyer
    Beanfield Metroconnect
    Target
    FibreStream Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    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.

  • Lee Equity Partners and Twin Point Capital Acquire Alliance Corporation
    September 22, 2021
    Buyer
    Lee Equity Partners, Twin Point Capital
    Target
    Alliance Corporation
    Seller
    Ironbridge Equity Partners
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Lee Equity Partners and Twin Point Capital have acquired a controlling interest in Alliance Corporation from Ironbridge Equity Partners. Alliance, a Mississauga-based value-added distributor of wireless communications technology with cable termination capabilities and a growing U.S. presence, will be led by existing management who retain a meaningful equity stake.

  • Xplornet Acquires Swift High Speed
    September 9, 2021
    Buyer
    Xplornet Communications Inc.
    Target
    Swift High Speed
    Industry
    Telecommunications
    Location
    Manitoba, Canada
    Type
    Buyout

    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.

  • Wesbell Secures Private Equity Sponsorship from FirePower Equity, Crédit Mutuel Equity and Trilogy Capital
    June 21, 2021
    Buyer
    FirePower Equity, Crédit Mutuel Equity, Trilogy Capital
    Target
    The Wesbell Group of Companies (Wesbell Technologies and Wesbell Investment Recovery)
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Growth capital

    The Wesbell Group of Companies (Wesbell) closed a significant equity investment led by FirePower Equity with participation from Crédit Mutuel Equity and Trilogy Capital. The capital will fund geographic expansion across Canada and the United States, expand service offerings and support Wesbell’s build-to-own cell tower strategy and targeted M&A activity.

  • Vertu Capital Leads $60M Recapitalization of Dejero Labs
    April 21, 2021
    Buyer
    Vertu Capital, Ubicom Ventures
    Target
    Dejero Labs Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Recapitalization

    Vertu Capital led a $60 million minority recapitalization of Dejero Labs Inc., partnering with Ubicom Ventures (a special-purpose investment vehicle formed with Dejero management) to complete the transaction. The capital is intended to accelerate Dejero's product development and global market expansion for its resilient connectivity and live-video transport solutions; Dejero remains headquartered in Waterloo, Ontario, Canada.

  • Videotron Acquires Cablovision Warwick
    April 1, 2021
    Buyer
    Videotron
    Target
    Cablovision Warwick Inc.
    Seller
    David Ouellette and family
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    Videotron has acquired Cablovision Warwick Inc., a family-owned regional cable and internet provider serving Warwick, Kingsey Falls and Saint-Félix-de-Kingsey in Centre-du-Québec. Videotron said it will invest in the acquired network and migrate customers to its Helix platform to offer expanded services to residents and local businesses.

  • Rogers Communications to Acquire Shaw Communications for ~$26B
    March 15, 2021
    Buyer
    Rogers Communications Inc.
    Target
    Shaw Communications Inc.
    Industry
    Telecommunications
    Location
    Alberta, Canada
    Type
    Buyout

    Rogers Communications will acquire all issued and outstanding Class A and Class B shares of Shaw Communications in a transaction valued at approximately $26 billion (including about $6 billion of Shaw debt). The deal is structured as a court-approved plan of arrangement, with Rogers committing significant investment in 5G and connectivity in Western Canada.

  • Kairos Capital Management Acquires Comprod Inc.
    January 20, 2021
    Buyer
    Kairos Capital Management LLP
    Target
    Comprod Inc.
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    Montreal-based private equity firm Kairos Capital Management has acquired Comprod Inc., a Quebec-headquartered designer and manufacturer of antennas, RF filters and in‑building DAS solutions. Kairos said it will support Comprod’s management team to accelerate growth and invest in R&D to expand the company’s product and service offerings; terms were not disclosed.

  • NOVA Infrastructure Acquires Majority Stake in telMAX
    January 5, 2021
    Buyer
    NOVA Infrastructure, Quintana Infrastructure & Development LLC (QID)
    Target
    telMAX Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    NOVA Infrastructure, alongside Quintana Infrastructure & Development (QID), completed an investment in telMAX Inc., with NOVA acquiring a majority interest. The capital will be used to accelerate telMAX's buildout of a 100% fiber-to-the-home (FTTH) network in targeted suburban markets across the Greater Toronto Area, with first FTTH customers expected in Q2 2021.

  • Xplornet Acquires Metro Loop (Ocdotus Inc.)
    December 15, 2020
    Buyer
    Xplornet Communications Inc.
    Target
    Metro Loop (Ocdotus Inc.)
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Xplornet Communications Inc. has acquired Ocdotus Inc., which operates as Metro Loop, a fibre-to-the-premise provider serving Hamilton and Haldimand County in southern Ontario. The transaction transfers Metro Loop's customers and operations to Xplornet as the Metro Loop team (including its president) joins Xplornet to support expanded fibre deployments in rural Ontario.

  • Telesat to Become Public Company through Agreement with Loral and PSP Investments
    November 24, 2020
    Buyer
    Telesat Corporation, Loral Space & Communications Inc., Public Sector Pension Investment Board (PSP Investments)
    Target
    Telesat Canada, Loral Space & Communications Inc.
    Seller
    Loral stockholders, MHR Fund Management
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Recapitalization

    Telesat Canada reached an agreement with Loral Space & Communications and the Public Sector Pension Investment Board (PSP Investments) to form Telesat Corporation, a new publicly traded Canadian company. Under the transaction Telesat Canada and Loral will become subsidiaries of Telesat Corporation, which will list on the Nasdaq to provide access to public equity to support growth initiatives including Telesat's Low Earth Orbit (LEO) satellite network.

  • Cogeco Connexion Acquires DERYtelecom for $405M
    October 21, 2020
    Buyer
    Cogeco Connexion, Cogeco Communications Inc.
    Target
    DERYtelecom
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Buyout

    Cogeco Connexion, a Canadian subsidiary of Cogeco Communications Inc., has entered into a definitive agreement to acquire DERYtelecom for $405 million. DERYtelecom — based in Saguenay, Quebec — serves roughly 100,000 customers across 200+ municipalities and reported estimated FY2020 revenue of $105 million and adjusted EBITDA of $44 million; the deal is expected to close by Q2 FY2021 subject to regulatory approvals.

  • Beanfield Metroconnect Acquires Epik Networks
    October 7, 2020
    Buyer
    Beanfield Metroconnect
    Target
    Epik Networks
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Beanfield Metroconnect has acquired Toronto-based Epik Networks, a telecommunications provider that serves roughly 200 Canadian business clients across Toronto, Montreal and Vancouver. The acquisition expands Beanfield’s business communications and managed connectivity offerings and broadens its customer base across major Canadian markets.

  • Xplornet Communications Acquires Corridor Communications (CCI Wireless)
    October 1, 2020
    Buyer
    Xplornet Communications Inc.
    Target
    Corridor Communications Inc. (CCI Wireless)
    Industry
    Telecommunications
    Location
    Alberta, Canada
    Type
    Buyout

    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.

  • Westbridge Capital Acquires Toepoke Software (VoIP Spear)
    June 1, 2020
    Buyer
    Westbridge Capital Ltd.
    Target
    Toepoke Software Inc. (VoIP Spear)
    Industry
    Telecommunications
    Location
    Saskatchewan, Canada
    Type
    Buyout

    Westbridge Capital Ltd. has acquired the business of Toepoke Software Inc., the owner/operator of VoIP Spear, a 24/7 VoIP call-quality monitoring and alerting service. Financing for the transaction was arranged by Westbridge Capital Partners Income Trust, and Toepoke President Henry Fernandes will continue to work with Westbridge as the business is grown.

  • Leonovus Inc. to Acquire PureColo Inc.
    February 27, 2020
    Buyer
    Leonovus Inc.
    Target
    PureColo Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Leonovus Inc. signed a Letter of Intent to acquire Ottawa-based colocation provider PureColo Inc. for CAD 3,000,000 plus assumption of approximately CAD 500,000 of debt, with payment in cash and units and contingent equity tied to revenue milestones. The acquisition is intended to add colocation and edge computing capabilities to Leonovus's data management software portfolio and generate recurring revenue through multi-year customer contracts.

  • Beanfield Technologies Acquires Openface
    February 3, 2020
    Buyer
    Beanfield Technologies Inc., Digital Colony Partners
    Target
    Openface Inc.
    Industry
    Telecommunications
    Location
    Quebec, Canada
    Type
    Addon

    Beanfield Technologies has acquired Openface Inc., expanding Beanfield's fiber footprint into Montreal. The transaction was funded through an equity commitment from Digital Colony Partners; Openface's employees will join Beanfield and the company will continue to operate from Montreal. Financial terms were not disclosed.

  • Digital Colony Partners Acquires Beanfield Technologies Inc.
    November 12, 2019
    Buyer
    Digital Colony Partners (Digital Colony)
    Target
    Beanfield Technologies Inc.
    Industry
    Telecommunications
    Location
    Ontario, Canada
    Type
    Buyout

    Digital Colony Partners, the digital infrastructure investment platform of Colony Capital, has acquired Beanfield Technologies Inc., an independent fiber and bandwidth provider in Canada. The acquisition expands Digital Colony's fiber footprint in Toronto and Montreal—adding hundreds of route kilometers, tens of thousands of strand kilometers and over 500 on-net locations—to serve enterprise, carrier (MNO) and data center customers. Financial terms were not disclosed.

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Frequently Asked Questions

Which Canadian provinces show up most in these telecommunications acquisitions?

The page highlights deal locations including Ontario, Quebec, Alberta, and New Brunswick.

What kinds of telecommunications assets are being acquired?

Transactions range from broadband and managed connectivity to private network platforms, satellite services, and networking software such as SRv6 and service chaining.

Are these acquisitions limited to telecom operators?

No. The list includes sector operators, infrastructure investors, and investment firms—alongside examples of public-safety and defence-oriented communications deals.

Do the deals include both cash purchases and financing transactions?

Yes. The page includes acquisitions with upfront consideration (and sometimes earnouts) as well as an example of a minority recapitalization investment by Main Street Capital Corporation.

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