Rural-focused Canadian broadband provider Xplornet Communications has closed the acquisition of TowerCo's tower assets in Manitoba. Xplornet said the acquisition of more than 160 wireless communications towers located across rural Manitoba will support its infrastructure investment plans to accelerate the deployment of 5G-ready broadband networks and to expand mobility coverage to households and businesses throughout the province.

'This is a good site acquisition opportunity for Xplornet as we are finalising agreements with the Province of Manitoba to deliver fast and reliable internet and cellular services to rural Manitoban homes and businesses,' noted Allison Lenehan, President and CEO of Xplornet. 'We are delighted to have closed this deal and see Xplornet acquire our entire tower assets portfolio,' said Charlie Clark, President of TowerCo.

Thanks to TeleGeography for this industry update.