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]