Xplornet Communications Inc. entered into a definitive agreement to acquire the assets of YourLink Inc. from Vecima Networks Inc. (TSX:VCM) for CAD 28.8 million on January 9, 2017. The all-cash transaction is contemplated in two closings, the first of which is for CAD 20 million and the final closing is for CAD 8.75 million. The consideration is subject to normal closing adjustments. As on January 12, 2017, Vecima Networks announced the first closing of the sale of the assets of YourLink Inc. The transaction is subject to customary closing conditions including the receipt of all requisite regulatory approvals, including the transfer of radio spectrum licenses. The first closing is scheduled to occur by the end of this week. The final closing is expected to occur before the end of second quarter of 2017.