PE-backed Xplornet to acquire NetSet Communications

Xplornet Communications Inc has agreed to acquire the Internet access business of NetSet Communications, a Brandon, Manitoba telecommunications company. No financial terms were released for the deal, the largest in Xplornet's history. Xplornet, a rural broadband service provider, said the deal will accelerate its expansion across Western Canada, add to its customer base, and support the launch of a mobile wireless service in Manitoba. Based in Woodstock, New Brunswick, Xplornet is backed by Catalyst Investors, Sandler Capital Management, Werklund Capital Corp and other investors.

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