PE-backed Xplornet buys Platinum Communications
Canadian rural Internet service company Xplornet Communications Inc has acquired Platinum Communications Corp, a Calgary-based provider of broadband services to remote locations. The deal's financial terms were not released. Xplornet said the Platinum acquisition increases its footprint in Alberta and supports its mission to "make affordable, fast and reliable broadband Internet services available to every rural Canadian." Based in Woodstock, New Brunswick, Xplornet has been a portfolio company of U.S. private equity firm Catalyst Investors and Canadian firm Werklund Capital Corp since 2010.
15 December 2015•3 mins read
