Motorola Solutions Canada Networks Inc. to Acquire Bell Canada's Land Mobile Radio Networks Services Business

Executive Summary

• Motorola Solutions Canada Networks Inc. entered into a definitive agreement to acquire Bell Mobility’s land mobile radio (LMR) networks services business for CAD $675 million, plus a deferred net working capital settlement.
• The transaction is expected to close in Q4 2026, subject to regulatory and third‑party approvals and customary closing conditions.
• The acquisition aims to strengthen the resiliency and security of Canada’s LMR communications infrastructure and preserve Bell as a service delivery partner.

Key Details

• Purchase Price: CAD $675 million (subject to customary adjustments).
• Additional Consideration: Deferred net working capital settlement (terms not disclosed).
• Closing Timeline: Anticipated in the fourth quarter of 2026, pending regulatory and third‑party approvals.
• Regulatory Requirements: Must obtain approvals from Canadian competition authorities and any other applicable regulators.
• Strategic Rationale: Enhances Motorola Solutions’ position in the Canadian LMR market, ensures long‑term service continuity for customers, and leverages Bell’s existing partnership for network operations.
• Partnership Continuity: Bell will remain a key service delivery partner post‑closing, supporting network operations and customer transitions.
• Quotes:
• “We have long admired Bell Canada for the loyalty and trust they’ve built with customers across the country,” said Michael Martin, President, Motorola Solutions Canada Networks Inc. “This acquisition helps protect the long‑term resiliency and security of the country's land mobile radio communications for the Canadian communities that rely on them every day.”

Notable Quotes

• Michael Martin, President, Motorola Solutions Canada Networks Inc. – Emphasized the strategic fit and commitment to maintaining secure, resilient LMR services across Canada.