WOODSTOCK, NB – Xplornet Communications Inc. today announced it has acquired Swift High Speed, “a facilities-based rural broadband service provider headquartered in Steinbach, Manitoba and operating in Southeast Manitoba,” a press release says.
Swift High Speed provides over 6,000 rural Manitoba customers with fibre-to-the-home and fixed wireless services.
“Through this agreement, Xplornet has acquired all of Swift High Speed’s customers and operations including 218 km of fibre optic network and 119 broadcast tower locations,” the press release says.
“As part of this acquisition, Swift High Speed is splitting off its employees and equipment and will launch a new service based fibre optic installation business under the name of Swift Underground with the same ownership group.”
Xplornet has retained Swift Underground “to operate the existing network and build our new fibre-to-the-home network in the region,” the press release says.
“This acquisition is a cornerstone to Xplornet’s fibre-to-the-home and 5G rollout in the province of Manitoba. This phase of the rollout will see the Company invest $40 million to bring high-speed broadband services to over 14,000 homes in the region with over 7,000 new homes having access to fibre-to-the-home services,” according to the press release.
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