Share:

Bell Canada Sells AlarmForce’s Western Operations to Telus for $66.5 Million

Share:

Telus is buying the western operations of AlarmForce home monitoring from Bell Canada.

The telecom giant is expected to pay about $66.5 million to acquire approximately 39,000 customer accounts in British Columbia, Alberta, and Saskatchewan. This represents nearly 40 percent of AlarmForce’s total customer base in Canada.

Bell Canada paid a total of $182 million to acquire the home monitoring company in a deal that closed on Friday. Current AlarmForce customers will not notice any immediate changes, as Bell is working closely with Telus to ensure a smooth transition.

Telus is looking forward to integrating all AlarmForce employees into its business. Bell Canada said that AlarmForce CEO Graham Badun has agreed to stay on as a special advisor for six months.

[via The Globe and Mail]

Share: