WOODSTOCK, N.B. – Xplornet Communications today announced it has closed the acquisition of Corridor Communications Inc., which operates CCI Wireless.
Based in Calgary, Alberta, CCI Wireless provides broadband solutions to rural homes in Alberta, along with enterprise clients across western Canada.
Xplornet “plans to build on existing CCI Wireless operations in Alberta, Manitoba and Saskatchewan by retaining the company’s experienced team of employees. This will deepen Xplornet’s operational presence in western Canada and its close ties to rural communities in the West,” says the press release.
Financial terms were not disclosed.
“We’re proud of what we have built since 2007, and we want to see our rural communities in the West have access to some of the best Internet networks in the world,” said Jordan Young, CEO of CCI Wireless, in the Xplornet release. “This acquisition is excellent news for rural Western communities and local businesses.”
Today’s announcement “builds on Xplornet’s plan to invest $500 million over five years to deploy state-of-the-art hybrid fibre wireless and satellite technology in its facilities-based network in order to deliver broadband services that today and in the future meet the needs of rural Canadians,” said the company.
