TORONTO – Distributel has received the go-ahead from the CRTC to acquire 100% of IPTV service provider Zazeen. Financial terms of the deal were not disclosed.
The two companies have partnered for over two years on a TV service available in many English and French markets in Ontario and Quebec. Distributel also unveiled new, lower prices for its bundled Internet and TV service, pledged to offer new channel packages, and expand to new Canadian markets in the coming months.
"Distributel is once again taking a leadership role in Canadian telecommunications with this acquisition, which will allow our continued strategic investment in TV," said Distributel CEO Matt Stein, in Thursday’s news release. "With this acquisition, we improve our ability to make long term strategic pricing moves, continue developing the service and accelerate the introduction of new features and consumer benefits."
Sandro Henriques, one of the founding partners of Zazeen, called the acquisition “the right strategic move for the brand and the company”.
Distributel also announced that Bradley Fisher is joining the company as chief revenue officer, responsible for strategic oversight of marketing and sales activities, as well as the development of new growth strategies. Fisher also serves on the board of directors at ZoneTV.
“The timing of the hire coincides nicely with the Zazeen acquisition," added Stein. "Brad brings deep, relevant industry experience, including specific TV product development expertise, earned through roles in Canada and the US, where he spearheaded the design and development of IPTV offerings at leading companies."
