Ziply Fiber Selling to Bell Canada Parent in $5 Billion Deal

WASHINGTON, Nov. 4, 2024 – One of the Pacific Northwest’s largest fiber internet providers has agreed to be acquired by Canada's largest communications company.

Ziply Fiber, based in Kirkland, Washington, has signed a deal to sell to BCE Inc. through its subsidiary Bell Canada, for approximately $3.65 billion in cash, plus $1.46 billion in assumed net debt. The totals are in U.S. dollars.

The acquisition, Bell's first major expansion into the U.S. market, adds 1.3 million fiber locations across four U.S. states to Bell's existing 9 million fiber locations in Canada, reinforcing its position as North America’s third-largest fiber internet provider, according to the company’s release.