Rural broadband provider, Xplornet, has announced it has completed its acquisition of Brantford, Ontario-based Silo Wireless, a rural provider in southwestern Ontario.
Silo Wireless operates a network of over 100 fixed wireless towers, which includes LTE sites, in Brantford, Ontario. These operations, along with a fibre-to-the-home network, will be acquired by Xplornet, along with the former’s customers and operations in the area.
“This is an exciting time for our company and in particular for our customers in this region,” said Bill Macdonald, EVP of Business Development at Xplornet, in a statement. “We are making major investments in our network to give our customers more: faster speeds, unlimited data, and access to the latest 5G-ready Internet services. Companies like Silo share our rural roots – we are excited to merge Silo’s entrepreneurial spirit with our own growth strategy and drive to compete nationally.”
Xplornet says the acquisition will allow it to “upgrade services as it establishes a national hybrid fibre and 5G wireless broadband network for rural Canadians.”
Andreas Wiatowski, CEO of Silo Wireless Inc., said “Xplornet will continue to build upon our legacy and has committed resources and capital to bring network capacity to the next level. We are excited that our region will have access to next generation broadband services!”
As for existing Silo customers, both companies say they can expect upgraded sites with LTE and unlimited data as part of the new partnership. Xplornet offers packages from $39.99 for the first three months.
According to Xplornet, the company currently serves nearly one million rural Canadians across the country.