Cable / Telecom News

Maskatel, Xittel merge; owners on lookout for more


ST-HYACINTHE/TROIS-RIVIÈRES - Maskatel, a broadband, TV and telecom company serving the St-Hyacinthe and Drummondville region, and Xittel, a telecommunications service provider which sets up and operates both dark and lit fibre based telecommunication networks, announced Monday the merger of the two companies today.“The merger will well position the newly formed entity as a telecommunications leader in Quebec’s regional markets,” reads the press release. Financial support from Birch Hill Equity Partners, the current owner of Maskatel, and Fondaction CSN, a Xittel shareholder, is backing the merger.“This pooling of our two companies’ resources and expertise is excellent news for our residential and...