Distributel Communications has announced its acquisition with Primus Telecommunications, one of Canada’s largest independent telecom providers.
This acquisition will strengthen the brand’s value by providing residential, business and wholesale telecommunications services across the country.
“Bringing Primus into the Distributel family will mean more options, increased innovation and better value for Canadians and ultimately a better alternative for our country,” says Matt Stein, CEO of Distributel. “We are thrilled to bring Primus under Canadian ownership and accelerate the pace of growth for both companies.” Distributel has been 100% Canadian-owned since its founding in 1988.
“This is truly a case of the whole being greater than the sum of the parts,” says Stein. “Our two companies are a great fit with one another. Primus and Distributel were both early players in the competitive space, advocating for Canadians and delivering innovative products and services to a burgeoning industry. This combination allows us to extend that shared approach to even more consumers and businesses across the country.”
Adding Primus to its portfolio solidifies Distributel’s position as one of Canada’s leading independent telecommunications service providers. The combination brings extensive benefits to the customers of both organizations through greater network reach, with an expanded portfolio of complementary products and services available from coast to coast.
The acquisition is accretive for both companies and was supported by PricewaterhouseCoopers Corporate Finance Inc. serving as financial advisors on the transaction. For its part, Distributel is excited to enhance its product range with Primus’ offerings which include a substantial cable footprint, the most advanced cloud-based business phone system in the market, a powerful and extensive portfolio of access services, and Telemarketing Guard®, the industry’s leading call-screening technology.
This investment will also expand Primus’ network and product set through Distributel’s capabilities including 1,000 competitive local exchange carrier (CLEC) coverage areas, state-of-the-art SIP trunking, integrated Microsoft Teams unified communications products, and its leading-edge IP-based TV service. The company’s increased scale will be even more important as fibre connectivity to consumers’ homes advances throughout the country.