Carrier Connect Data Solutions Inc., a company listed on the TSX Venture Exchange, has recently announced a strategic move to enhance its service offerings and geographical reach. The company has entered into a non-binding letter of intent to acquire the network connectivity and delivery assets of Morewave Communication through its subsidiary. This proposed transaction focuses on acquiring Morewave’s last-mile connectivity services, which cater to data-center clients across Western Canada.
The acquisition aims to expand Carrier Connect Data Solutions Inc.’s service portfolio, allowing the company to provide network connectivity to its existing client base while also broadening its geographical footprint. The transaction is structured as an arm’s-length deal, with the consideration to be paid in company shares. These shares will be released in tranches over a two-year period.
As of the close of trading on March 22, 2026, Carrier Connect Data Solutions Inc. had a share price of CAD 1.09. The company’s market capitalization stands at CAD 32,022,416. Over the past year, the stock has experienced significant volatility, with a 52-week high of CAD 2.25 on January 27, 2026, and a low of CAD 0.36 on April 7, 2025. The price-to-earnings ratio is currently at -3.281, reflecting the company’s financial performance and market expectations.
Carrier Connect Data Solutions Inc. anticipates finalizing a definitive agreement by early May, with the completion of the acquisition expected shortly thereafter. This timeline is contingent upon obtaining the necessary regulatory approvals and satisfactory due-diligence findings. The acquisition is seen as a strategic step for Carrier Connect Data Solutions Inc. to strengthen its market position and enhance its service offerings in the competitive telecommunications sector.
