Beanfield to offer a single $50 residential gigabit Internet package in Toronto

Company also acquires Montreal’s Openface to help build SME services TORONTO — ISP Beanfield Technologies announced Monday it has acquired Montreal-based Openface, a provider of fibre-based telecom services primarily to small and medium-sized businesses and enterprise customers. Financial terms of the private transaction were not disclosed in Beanfield’s news release. The acquisition was funded through an equity commitment from Digital Colony Partners, which made a substantial investment in Beanfield in October 2019, the release says. (In November 2019, Beanfield Technologies announced it was being acquired by Digital Colony for an undisclosed sum.) Openface serves a diversified customer base across Montreal...