Wiley Advises Ziply Fiber in Completed $3.65 Billion Sale to BCE
Washington, DC – Wiley served as regulatory counsel to Ziply Fiber in its $3.65 billion sale to BCE Inc., Canada’s largest communications company.
As part of the transaction, which closed on August 1, BCE acquired Ziply for approximately C$5.0 billion (U.S. $3.65 billion) in cash and the assumption of outstanding net debt of approximately C$2.6 billion. The transaction will enable Ziply to further expand its fiber footprint to millions of additional customers, reinforcing its position as the third-largest fiber Internet provider in North America.
The Wiley team representing Ziply, led by Telecom, Media & Technology (TMT) partners Megan L. Brown, Daniel P. Brooks, and Wayne D. Johnsen, has extensive experience advising on complex telecommunications transactions with national security implications, including in Searchlight's $3.1 billion acquisition of Consolidated Communications.
Read more about the transaction here.
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Sarah Richmond
Director of Communications
202.719.4423
srichmond@wiley.law