Cable / Telecom News

Bell buys xwave from Bell Aliant

HALIFAX – Bell Aliant has sold its Xwave information technology division to Bell Canada in a deal valued at $40 million.Tuesday’s announcement said that with xwave now part of a national organization, its customers can access a broader slate of national technology and professional services provided through the Bell Business Markets division. “We believe the time and opportunity is right for this transaction and by divesting xwave now, Bell Aliant is able to further focus on our core priorities such as fibre-to-the-home, improve our balance sheet and ensure long-term value to our investors," said president and CEO, Karen Sheriff, in the announcement. "We...