Global Trade Alert
Global Trade Alert

Canada: Investment screening authority approves acquisition of broadband service provider Xplornet Communications by the US based Stonepeak

Announcement

30 Jun 2020

In June 2020, the Department of Innovation, Science and Economic Development Canada approved the acquisition of one of Canada's leading broadband service providers Xplornet Communications Inc. by the US-based private equity company Stonepeak Falcon Acquisition Inc.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

30 Jun 2020

Revocation date:

No revocation date

Updated: 30 Jun 2020
FDI: Entry and ownership rule In force
<p>In June 2020, the Department of Innovation, Science and Economic Development Canada approved the acquisition of one of Canada's leading broadband service providers Xplornet Communication...
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