Bell Canada to acquire Partners Group-owned Axia NetMedia
BCE Inc (Bell Canada) has agreed to acquire Axia NetMedia Corp, a Calgary-based services provider on fibre communications infrastructure and the operator of Alberta SuperNet. Terms weren't disclosed. The seller is European private equity firm Partners Group, which acquired Axia in 2016 in a $272 million take-private deal. According to a report by the Canadian Press, Partners Group will divest Axia’s Canadian assets but remain invested in the company's affiliate in France. BCE, a Canadian telecommunications business, said the transaction will allow it to assume all operations of Alberta SuperNet, a government initiative providing broadband network connectivity to urban and rural communities in the province.
9 July 2018•3 mins read
