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Telus buys ADT’s Canadian unit to step up smart home challenge

ADT has sold its ADT Canada wing to local operator Telus for $528.4m (CAD$700m). Telus bought out AlarmForce’s western customers for $50.2m (CAD$66.5m), shortly after AlarmForce was acquired by Telus rival Bell. The new deal leaves Telus with an expanded smart home customer base, but ADT’s decision to exit the Canadian market signals a potential end for standalone service providers. ADT said that the Canadian market was too costly to run in, and AlarmForce’s demise could also be attributed to that issue. As the CSPs are already ingrained in customer lives, via their TV and broadband offerings, it should be more cost-effective for them to offer a smart home and security service to these customers than the standalone security firms.…

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