02:16 PM EDT, 08/01/2025 (MT Newswires) -- BCE (BCE.TO, BCE) on Friday said it successfully completed its acquisition of Ziply Fiber for $5 billion in cash and the assumption of outstanding net debt of about $2.6 billion at closing.

The company said the acquisition financing was supported by the $4.7 billion sale of its minority stake in Maple Leaf Sports and Entertainment (MLSE) completed on July 1. Ziply Fiber will operate as a separate business unit and will continue to be headquartered in Kirkland, Washington.

BCE said it will update its 2025 financial guidance targets to reflect the Ziply Fiber acquisition when it reports its second-quarter results on August 7.

"By combining Bell's deep fibre expertise with Ziply Fiber's experienced management team and ambitious expansion plans, we are creating a powerful platform for long-term growth, scale and geographic diversification that positions us to unlock significant value for our shareholders," said Chief Executive Mirko Bibic.

Shares of BCE were last seen up $0.245 to $32.565 on the Toronto Stock Exchange.

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