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Catalyst-backed Xplornet acquires YourLink

Xplornet, Canada’s Leading Rural Broadband Service Provider, Acquires YourLink

Acquisition will accelerate Xplornet’s ongoing expansion in Saskatchewan

Press release: WOODSTOCK, NB – Xplornet Communications Inc., Canada’s leading rural broadband service provider, is pleased to announce the acquisition from Vecima Networks Inc. of all YourLink Internet services operations in Saskatchewan. YourLink is Saskatchewan’s leading provider of high-speed wireless Internet to rural and remote communities. YourLink will continue to operate and deliver its high quality services in Saskatchewan while integrating operations into Xplornet regional and national delivery teams.

“We are delighted to welcome YourLink customers to the Xplornet family,” said Mr. Allison Lenehan, President and CEO of Xplornet. “This acquisition will increase our fixed wireless broadband footprint in Saskatchewan and support Xplornet’s mission to make affordable, fast and reliable broadband Internet services available to rural Canadians.”

YourLink has built a strong business that is complementary to Xplornet’s expanding operations. In recent years, Xplornet has achieved significant growth to become Canada’s largest rural-focused Internet service provider. Xplornet plans to further expand its network with the continued extension of its LTE coverage and the launch of two new satellites offering Internet download speeds not previously seen in many parts of rural Canada.

“The Internet is changing, and Canadians want more from their Internet service. They want faster speeds and higher data plans so they can do more of what they love online,” said Allison Lenehan, President and CEO of Xplornet. “We believe this transaction will allow us to provide even more value for YourLink customers, and we look forward to serving them as new Xplornet customers in the years ahead.”

About Xplornet Communications Inc.

Headquartered in Woodstock, New Brunswick, Xplornet Communications Inc. is Canada’s leading rural broadband provider. We believe everyone should have access to the transformative benefits of broadband, so we make our service available everywhere in Canada, including the hard to reach places. We overcome the challenges of Canada’s vast geography through our deployment of Canada’s first national 4G network, which leverages both fixed-wireless towers on the ground and next-generation satellites in space. Our customers live in the farthest reaches of the country and just outside of major urban centres, and through our coast-to-coast network of local dealers we connect them to all that the Internet offers. Xplornet is high-speed Internet – for all of Canada.


Catalyst’s Brian Rich says NYC is poised for growth in VC investment in U.S. News article

“While New York may have started out being very media and ad-tech oriented, it has diversified and become very accommodating to VC investment generically,” says Brian Rich, managing partner of New York-based growth equity firm Catalyst Investors. “The community has been built up substantially. Major tech companies like Google are fostering a base of talented workers for start-ups in the New York area.”

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