Toronto-based Distributel has announced it has acquired telecom provider Primus from U.S. based Fusion Connect, merging both independent companies into one.
“Bringing Primus into the Distributel family will mean more options, increased innovation and better value for Canadians and ultimately a better alternative for our country,” says Matt Stein, CEO of Distributel, in a statement. “We are thrilled to bring Primus under Canadian ownership and accelerate the pace of growth for both companies.”
Both companies will expand their services to each other’s customer base, set to bring “extensive benefits to the customers of both organizations,” explains a press release.
“This is truly a case of the whole being greater than the sum of the parts,” added Stein. “Our two companies are a great fit with one another. Primus and Distributel were both early players in the competitive space, advocating for Canadians and delivering innovative products and services to a burgeoning industry. This combination allows us to extend that shared approach to even more consumers and businesses across the country.”
According to Distributel, the move was made ahead of the CRTC’s final ruling on wholesale rates, noting it expects the Commission to uphold its 2019 ruling, that will bring “fair, balanced pricing decision designed to increase competition, value and innovation for all Canadians.”