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Recent Articles on the Continuing Growth of Fibre Optic Networks

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June 22, 2017

 

We at Kin Communications would like to share some recent articles on the continued growth and investment in fibre optic networks across Canada. We are excited to be working with Urban Communications Inc. (TSX-V:UBN) as we believe opportunities to capitalize on the rapidly evolving consumer trends are well-aligned with Urban Communications’ growing fibre optic network across Greater Vancouver and Victoria.The announcements of major fibre infrastructure investments made by TELUS and Bell in 2015 along with Videotron’s acquisition of Fibrenoire for $125M continue to validate the growing need for faster internet service across Canada’s major urban centers.

We encourage you to read the articles below to learn more about the growing fibre optic networks across Canada.
TELUS to Spend $1-Billion in Fibre-Optic Internet Expansion in VancouverThe company said on Friday the first Vancouver neighbourhoods to be connected next year will be able to access download speeds of 150 megabits per second. In the coming years, it will offer increasingly higher speeds over its “gigabit-enabled network” as demand increases.
Bell Gigabit Fibe Internet Service Launched in Ontario, QuebecBell launched its Gigabit Fibe service Monday, offering download speeds of up to 940 megabits per second. “That’s fast enough to download a 3 GB HD movie in just 25 seconds,” the company says.

It’s considerably faster than the current top download speeds for major internet service providers in Canada, which top out at 100 to 250 megabits per second. Previously, Bell’s top speed on offer was 175 megabits per second.
Quebecor’s Videotron Buys Fibrenoire for $125-MillionQuebecor Inc. is deepening its commitment to the business market with a $125-million deal to acquireFibrenoire, a fibre-optic connectivity company.

Videotron Ltd., Quebecor’s wholly-owned telecommunications subsidiary, announced the transaction on Thursday, saying it acquired all the shares held by Fibrenoire’s founding owners as well as those of its majority shareholder, private equity fund Novacap TMT.

About Urbanfibre Ultra High Speed Service

Urban Communications Inc. (TSX VENTURE: UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its 200 km. state-of-the-art carrier grade fibre optic network in Metro Vancouver and Victoria to commercial, residential and public sector customers.

Urban has recently launched high-speed Internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).

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