09:59 AM EDT, 08/01/2025 (MT Newswires) -- BCE (BCE) said Friday it completed its 5 billion Canadian dollars ($3.63 billion) acquisition of Ziply Fiber, which will allow it to expand its fiber internet coverage.

The company said the deal includes an additional CA$2.6 billion in assumed net debt and follows a previously announced partnership with PSP Investments to develop US fiber infrastructure.

BCE said it funded the purchase in part with proceeds from the sale of its stake in Maple Leaf Sports & Entertainment. Ziply Fiber will remain a standalone business headquartered in Kirkland, Washington, the company said.

BCE said it will update its 2025 financial guidance to reflect the acquisition when it reports Q2 results on Thursday.

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