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 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.
Latest posts by Ted Liu (see all)
- Suncor Energy invests additional $50M in Enerkem - October 15, 2019
- Google CapitalG backed Applied Systems acquires Policy Works - October 15, 2019
- Voilà! secures $3M first round of financing - October 10, 2019