Xplornet Communications Inc., Canada’s leading rural broadband service provider, has agreed to acquire from Vecima Networks Inc. of all YourLink Internet services operations in Saskatchewan for $28.75 million.
The asset acquisition transaction is contemplated in two closings, the first of which is scheduled to occur by the end of this week for $20 million. The final closing of $8.75 million is expected to occur before the end of Q2 calendar 2017.
This is the second Yourlink asset purchase by Xplornet. In December 2011 and April 2012, Xplornet acquire a portion of YourLink’s 3.5GHz radio spectrum licenses for $15.3 million.
Xplornet Communications is backed by Sandler Capital, McKenna Gale Capital, Werlund Capital.
Ted Liu
Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
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