New Brunswick-based Xplornet Communications, a Canadian internet service provider, announced that it has entered an agreement for the purchase of NetSet Communications, which provides fixed-wireless broadband for rural residences in Manitoba.
This acquisition is the largest ever for Xplornet and the company says it will assist the company in “offering more mobile choice to all Manitobans in 2018.”
Xplornet is planning to launch LTE wireless service in Manitoba, after receiving spectrum as part of an agreement Bell made with the Competition Bureau and Minister of Innovation in order to acquire MTS.
The broadband provider also notes that it’s looking to expand NetSet’s current wireless internet footprint and add new products, including satellite internet, home phone and mobile wireless service next year.
Xplornet will keep NetSet’s name and plans to keep all of NetSet’s employees and business operations in Brandon and Winnipeg. However, Charlie Clark, the company’s founder and former CEO, will now work in an advisory role to support Xplornet’s business operations within Manitoba.
“We are delighted to welcome NetSet customers to Xplornet,” said Allison Lenehan, president and CEO of Xplornet in a statement to the press.
“We believe our customers share much in common. Like Xplornet, NetSet’s customers live in rural and remote communities and just outside of major centres. We are committed to continuing the proud legacy that NetSet has established in the Province of Manitoba and look forward to connecting Manitobans to more of what matters online.”
The agreements have been signed and are set to close October 31st 2017.
