Kirkland, Wash.-based fiber internet service provider Ziply Fiber agreed to be acquired by Bell Canada, a subsidiary of Canadian telecom giant BCE, in a deal valued around $3.6 billion. The deal will help Bell expand its reach into the Pacific Northwest,

Bell Canada has agreed to acquire US fiber company Ziply Fiber, in a deal expected to be worth as much as C$7 billion (US$5bn). The acquisition is part of Bell's plans to expand its fiber footprint across North America and over the border into the US.

Canadian telecom firm BCE said on Monday it would buy internet services provider Ziply Fiber for C$5 billion ($3.60 billion) in cash, as it looks to expand its fiber footprint in the United States. BCE's shares fell about 9% as some analysts said the proceeds from selling the company's stake in Maple Leaf Sports & Entertainment will not be used to pay down debt.