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Broadband

Videotron acquires Fibrenoire 

Friday 8 January 2016 | 08:22 CET | News
Videotron has acquired Fibrenoire, a company that provides businesses with fibre-optic connectivity services. The transaction will enable Videotron Business Solutions and Fibrenoire to join forces to meet the growing demand from business customers for fibre-optic connectivity. The purchase price was CAD 125 million. Videotron acquired all the shares held by the founding shareholders and the majority shareholder, Novacap TMT, a buyout fund that specialises in tech, media and telecom. Fibrenoire is now an independent subsidiary of Videotron. 

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Categories: Fixed
Companies: Videotron
Countries: Canada
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