BCE Inc. has closed its acquisition of Ziply Fiber, an internet service provider in the U.S. Pacific Northwest, the company announced on Friday, Aug. 1. The conglomerate spent C$5 billion in cash and assumed approximately C$2.6 billion in net debt. The funding for the deal was supported by Bell selling its stake in Maple Leaf Sports and Entertainment to Rogers Communications Inc. for $4.7 billion.

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