Bell to acquire independent ISP Distributel in latest industry merger

MONTREAL and TORONTO -- Independent internet service provider Distributel has agreed to be acquired by Bell for an undisclosed amount, the companies said in an announcement today. Distributel will continue to operate independently after close of the deal -- which is subject to standard regulatory approval -- and Matt Stein, the CEO of the company, will remain at the helm, a press release said. "With this announcement, Distributel is better positioned to compete and deliver on our decades-long commitment to bringing choice and affordability to Canadians from coast to coast to coast," Stein said in the release. "We hope Canadians...