Historic Indigenous Acquisition of Northwestel Telecom
Company Announcements

Historic Indigenous Acquisition of Northwestel Telecom

BCE (TSE:BCE) has released an update.

Sixty North Unity, a consortium of Indigenous communities from Yukon, Northwest Territories, and Nunavut, is set to acquire Northwestel, becoming the largest Indigenous-owned telecommunications company globally. This historic deal aims to bridge the digital divide in the North, boosting access to high-speed internet, and facilitating community reinvestment in essential services. Anticipated benefits include enhanced connectivity with increased internet speeds and expanded high-speed internet availability, alongside significant capital investments like the Great Slave Lake Fibre Project.

For further insights into TSE:BCE stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyBCE price target raised to C$51 from C$48 at BMO Capital
TheFlyBCE price target raised to C$51 from C$50 at TD Securities
TheFlyBCE price target raised to C$53 from C$51 at RBC Capital
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App