VANCOUVER, BC–(Marketwired – October 04, 2016) – Urban Communications Inc. (TSX VENTURE: UBN), one of the country’s first telecommunications providers to deliver Gigabit Internet service to the home, today announced that it has acquired a 9.3 km. private fibre optic network in high density, underserved commercial and residential corridors of downtown Vancouver.
With this acquisition, Urban enhances its fibre density and building access in downtown Vancouver. The 9.3 km. expansion will add more than 100 commercial buildings to Urban’s network over the next 18 months. The expansion project is well under way, with over 25 buildings already connected or under construction.
The acquisition will cost an estimated $2.2 Million over 5 years and give Urban access to more than 2,700 new businesses and 3,200 residential units.
“This acquisition complements our existing network assets in downtown Vancouver and enables Urban to implement a more aggressive growth strategy in the commercial market”, said Urban CEO John Farlinger. “We are making a significant bet in downtown Vancouver on commercial and enterprise services and the addition of the new fibre allows us to better meet customer needs in the area by providing optimized low latency and affordable high speed network services, while enhancing our margins with commercial business.”
Urban’s carrier grade fibre optic network is the ultimate choice in high performance and reliable data network services for any business. With the most competitive pricing, the highest speeds and data transfer limits on Internet plans, guaranteed SLAs, and a legacy-free, congestion-free network architecture, our Internet, Ethernet, private and managed MPLS network services are the best performing services in our market.
For more information about Urbanfibre Gigabit Internet or to request service in your building, please visit www.urbanfibre.ca.
ABOUT URBAN COMMUNICATIONS INC.
Urban Communications Inc. (TSX VENTURE: UBN) is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its 300 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).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFO:
John Farlinger
Chief Executive Officer
Phone: (604) ) 763-7565
[email protected]
Caleb Jeffries
Investor Relations
Phone: (604) 684-6730
[email protected]
[email protected]
www.urbanfibre.ca
