WOODSTOCK, N.B. – Rural broadband provider Xplornet Communication today announced the acquisition of Silo Wireless, a rural provider based in Brantford, Ontario.
Silo operates a network that includes over 100 fixed wireless towers (including LTE sites) as well as a fibre-to-the-home network, says the Xplornet press release, which says the sale is already completed.
“These network assets complement Xplornet’s existing facilities and spectrum holdings in the region, enabling Xplornet to upgrade services as it establishes a national hybrid fibre and 5G wireless broadband network for rural Canadians,” reads the release.
“This is an exciting time for our company and in particular for our customers in this region,” said Bill Macdonald, EVP of business development at Xplornet. “Companies like Silo share our rural roots – we are excited to merge Silo’s entrepreneurial spirit with our own growth strategy and drive to compete nationally.”
“Silo has been connecting the region for almost 13 years using some of the latest fibre and wireless technologies including LTE,” said Silo CEO Andreas Wiatowski. “Xplornet will continue to build upon our legacy and has committed resources and capital to bring network capacity to the next level.”
The Silo acquisition builds on Xplornet’s investments in fibre and 5G-ready wireless equipment throughout Canada. In 2019, Xplornet announced an investment of over $500 million in its national broadband network in order to deliver 5G services to rural Canadians.
Xplornet currently serves approximately one million rural Canadians across every province and territory with fixed and satellite broadband and is also a mobile wireless operator in Manitoba.
