In Canada, Beanfield Metroconnect buys FibreStream for residential play

Jan. 26, 2022
The acquisition is part of Beanfield’s ongoing commitment to expand its residential fiber network.

Beanfield Metroconnect, owner and operator of one of the largest independent fiber-optic networks in Toronto and Montreal, has announced its acquisition of FibreStream, an ISP operating in the countries GTA [Greater Toronto Area], Ottawa and Vancouver.

The acquisition is part of Beanfield’s ongoing commitment to expand its residential network, said a statement by the provider, "allowing for superior services and a reliable network" to be readily available to even more of its customers.

“We’re thrilled to bring on FibreStream as we work towards our common goal of providing communities with strong and reliable connectivity,” says Dan Armstrong, CEO/CTO at Beanfield Metroconnect.

Armstrong added,“We believe that coming together with FibreStream is an important milestone in our continued focus on building the network of the future. This further strengthens our position to offer our customers with reliable high-speed connectivity as Canadians continue to work remotely and can benefit from the quality of service that both of our customer bases have come to expect.”

Beanfield builds, owns and operates its own fiber-optic network, which it points out results in fast network response times and greater network reliability.

Through the acquisition of FibreStream, the two companies will grow stronger together, projects Beanfield's announcement, "as each team is able to share its expertise and resources. Beanfield is working on expanding its network to offer FibreStream customers its superior service in the future. FibreStream customers will not see any changes to their plans or pricing on the existing network," added the statement.

“We could not be more excited to join the Beanfield family,” says Jason Cowan, CEO at FibreStream, who will play a key role as the new Vice President of Residential at Beanfield. “Early in our discussions, we realized both companies shared a very similar approach to business and customer service. By coming together, we'll be able to provide improved value and Internet service to both our loyal customer bases and lay the foundation for future expansion of our services.”

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BTR Staff

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STEPHEN HARDY
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