BCE Inc announced on Monday that it will acquire 100% of the shares of American broadband operator Ziply Fiber for approximately 5 billion Canadian dollars (about 3.65 billion US dollars) to expand its fiber business to the usa.
According to Futu Securities, BCE Inc (BCE.US) announced on Monday that the company will acquire 100% of the shares of American broadband operator Ziply Fiber for approximately 5 billion Canadian dollars (about 3.65 billion US dollars) to expand its fiber business to the usa.
The Canadian communication company will use the net profit of approximately 4.2 billion Canadian dollars from the sale of its stake in Maple Leaf Sports & Entertainment Ltd. (MLSE) to provide funding for this acquisition. Once the transaction is completed in the second half of 2025, Ziply Fiber will operate as an independent business unit, with headquarters remaining in Kirkland, Washington.
In addition, BCE Inc also stated that it plans to maintain its annual common stock dividend at the current level of $3.99 per share for the fiscal year ending December 31, 2025.