GFM Network News


NYC equity firm to buy Xplornet

New investment expected to speed up rural broadband rollouts

A Manhattan private equity firm deep in “middle-market infrastructure” has committed to buy, and help improve service from, Canada’s single biggest rural broadband provider. New Brunswick-based, privately held Xplornet Communications announced Thursday it has signed a deal to sell majority control itself to Stonepeak Infrastructure Partners. The two companies’ announcement didn’t put a dollar figure […] Read more

Xplornet buys Ontario’s Silo Wireless

Deal includes rural wireless, fibre services

Canada’s biggest rural broadband company has expanded its space in the southwestern Ontario market by buying internet and fibre-to-home provider Silo Wireless. New Brunswick-based Xplornet Communications, whose client list already includes over a million rural customers in all provinces, announced it has closed its deal to buy Silo for an undisclosed sum. The deal gives […] Read more


Xplornet to buy NetSet

A rural broadband provider serving over 500 Manitoba municipalities and communities is set to be absorbed into one of Canada’s biggest rural operators. Xplornet Communications announced Monday it has signed a deal to buy the internet access business of Brandon-based NetSet Communications. Financial terms of the deal for the privately-held Manitoba company weren’t disclosed, except […] Read more

Xplornet buying YourLink

One of Canada’s biggest providers of rural broadband is set to expand its space in the Saskatchewan market by buying rural high-speed wireless provider YourLink. New Brunswick-based Xplornet Communications on Monday announced an all-cash $28.75 million deal with Victoria-based Vecima Networks for the “remaining assets” of Vecima’s YourLink business. YourLink, based in Saskatoon, is a […] Read more