WOODSTOCK, N.B. – National rural broadband provider and Manitoba mobile wireless company Xplornet Communications today announced the completion of its sale to Stonepeak Infrastructure Partners. The transaction has received all regulatory approvals and completed new financing for a fully capitalized business, said the press release. The deal has been valued at $2.2 billion. “Today's announcement empowers Xplornet to execute its plan of accelerating investment in its national hybrid fibre wireless and satellite broadband network for rural Canadians. Xplornet has fresh new capital for a strong balance sheet, a new owner with the same conviction to the company's mission as its...
