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BCE and PSP Investments Announce Strategic Partnership to Create Network FiberCo
BCE and PSP Investments Announce Strategic Partnership to Create Network FiberCo Canada...
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[{"type":"text","content":"\n\n\n\n BCE and PSP Investments Announce Strategic Partnership to Create Network FiberCo\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled \"Caution Regarding Forward-Looking Statements\" later in this news release.\n \n\n\n\n MONTRÉAL\n \n ,\n \n\n May 8, 2025\n \n\n /CNW/ - BCE Inc. (TSX: BCE) (NYSE: BCE), Canada's largest communications company\n \n 1\n \n , and Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investors, today announced the formation of Network FiberCo, a long-term strategic partnership to accelerate the development of fibre infrastructure through Ziply Fiber, in underserved markets in\n \n the United States\n \n .\n \n\n\n\n\n\n\n\n\n As a premier wholesale network provider, Network FiberCo will be focused on last-mile fibre deployment outside of Ziply Fiber's incumbent service areas, enabling Ziply Fiber to potentially reach up to 8 million total fibre passings.\n \n\n PSP Investments has agreed to a potential commitment in excess of\n \n US$1.5 billion\n \n .\n \n\n\n Leadership Perspectives\n \n\n\n\n \"Today's announcement represents a pivotal step in BCE's fibre growth strategy. By bringing PSP Investments' financial resources and acumen to Ziply Fiber, we are creating a scalable, capital-efficient platform to fund U.S. fibre footprint expansion. This strategic partnership will improve free cash flow generation and strengthen EBITDA accretion over the long term, reinforcing our commitment to delivering long-term value for shareholders while maintaining financial...