BCE Inc. Completes Acquisition of Ziply Fiber

SEC Filing 6-K (0001193125-25-171297)

BCE Inc. has successfully completed its acquisition of Ziply Fiber, a leading fibre Internet provider in the Pacific Northwest of the United States, for C$5.0 billion in cash and the assumption of approximately C$2.6 billion in net debt. This acquisition expands Bell’s fibre footprint into the U.S. by 1.4 million locations, positioning it as the third-largest fibre Internet provider in North America. BCE has also formed a strategic partnership with Public Sector Pension Investment Board (PSP Investments) to develop fibre infrastructure through Ziply Fiber, potentially reaching up to 8 million locations in the U.S. The acquisition was financed by the proceeds from the sale of BCE’s minority stake in MLSE. Ziply Fiber will operate as a separate business unit, maintaining its headquarters in Kirkland, Washington, and its existing management team. BCE will update its 2025 financial guidance targets to reflect this acquisition when it reports Q2 2025 results on August 7.