TORONTO – Beanfield Metroconnect, which owns and operates Toronto and Montreal’s largest independent fiber-optic network, today announced it has acquired Urbanfibre, a Vancouver-based fibre provider.
“This acquisition is part of Beanfield’s ongoing commitment to expanding its residential and commercial network and service offerings across Canada’s major metropolitan areas and, along with its recent acquisition of FibreStream, carves out a path for a stronger and more resilient communications network on the West Coast,” a press release explains.
There will be no immediate changes to service for Urbanfibre customers.
“Beanfield plans to further expand its fibre network in the Greater Vancouver Area to better address the connectivity needs of both existing Beanfield as well as Urbanfibre customers. For the time being, Urbanfibre will continue to operate as Urbanfibre and customers will not see any changes to their plans or pricing on the existing network,” the release explains.
“We’re excited to welcome Urbanfibre to our family. They share our values and goal of supporting and providing communities with reliable, fibre-optic connectivity at competitive prices,” said Dan Armstrong, CEO and CTO at Beanfield, in the release.
“We believe that joining with Urbanfibre is another important step in our continued focus on building the communications network of the future. It further strengthens our position to offer business and residential customers top-of-class connectivity as Canadians continue to work in a hybrid world and bandwidth needs and speeds increase.”
“We’re thrilled to join Beanfield,” added Jon Paul Janze, CEO at Urbanfibre. “It was clear from early in our discussions that the history and values of the two companies aligned. We share a similar approach and emphasis on incredible customer service, embracing innovation and are community focused. By joining forces, we’ll be able to build on our rich histories and expand our offerings. This will ensure true competition and network resiliency is available across the Greater Vancouver Area.”
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