Bell enters agreement with pension fund to finance Ziply fibre in new markets

By Ahmad Hathout Bell announced Thursday that it has struck a deal with one of Canada’s largest pension funds to invest over US $1.5 billion to help Ziply Fiber, a soon-to-be Bell subsidiary in the United States, build its fibre infrastructure in new markets. The long-term strategic partnership will see the Public Sector Pension Investment Board (PSP) own 49 per cent of Network FiberCo, which will focus on new last-mile fibre investments in “growth markets” outside Ziply’s existing footprint of two million locations. Bell will own the rest of the equity in the partnership and all of Ziply’s operations, subscribers...