According to a press release from Ziply Fiber, BCE Inc. has completed its C$5.0 billion (U.S. $3.65 billion) acquisition of the formerly mentioned company. The acquisition extends Bell’s fiber footprint into the U.S. by 1.4 million locations.

Earlier this year, BCE and PSP Investments formed Network FiberCo, a partnership made to accelerate fiber expansion in the U.S. With the addition of Ziply Fiber, Bell can now potentially reach close to 8 million U.S. locations.

Ziply Fiber will continue its operations from its Kirkland, Washington headquarters with its current management and workers.

Mirko Bibic, President & CEO, BCE Inc. and Bell Canada, stated, "The acquisition of Ziply Fiber marks a key milestone in our fiber growth strategy by establishing a significant foothold in the attractive U.S. market. We are creating a powerful platform for long-term growth, scale and geographic diversification that positions us to unlock significant value for our shareholders."