TORONTO — Telus Corp. is buying the western operations of AlarmForce Industries from Bell Canada, which recently purchased the Toronto-based home monitoring company.
Telus (TSX:T) will pay about $66.5 million to acquire about 39,000 customer accounts in British Columbia, Alberta and Saskatchewan — representing nearly 40 per cent of the total AlarmForce customer base in Canada.
Bell and its Montreal-based parent BCE Inc. (TSX:BCE) paid about $182 million to acquire AlarmForce in a deal that closed Friday.
It says there will be no immediate change for current AlarmForce customers and that Bell will work with Telus to ensure a smooth transition.
Telus says it looks forward to integrating all of the AlarmForce employees and contractors into its business.
Bell says AlarmForce CEO Graham Badun has agreed to stay on as a special adviser for six months.
The Canadian Press