Catalyst portfolio company Xplornet, Canada’s leading rural broadband service provider, acquried all YourLink Internet services operations in Saskatchewan from Vecima Networks Inc. YourLink is Saskatchewan’s leading provider of high-speed wireless Internet to rural and remote communities.
Xplornet Communications Inc., Canada’s largest rural broadband service provider, today announced the successful completion of a $158 million private financing transaction consisting of $148 million of new debt and equity and $10 million in refinanced debt. This additional funding from new and existing investors is an endorsement of Xplornet’s unwavering commitment to the continuing development of rural broadband in Canada.
Xplornet Communications Inc. successfully completed a $125 million private financing. This additional funding, a combination of debt and equity raised from its existing investors, is an endorsement of Xplornet’s rural broadband strategy and the company’s strong execution.
Xplornet Communications Inc., Canada’s leading provider of rural broadband services, is pleased to announce that its first 4G broadband satellite has passed all tests and is now operational, serving customers across Canada.
One of the largest Canadian telecom financing announcements this year, the funds will be used to support and aggressively expand Xplornet’s broadband network across Canada to the 2.4 million households that do not have access to real, affordable broadband. A start-up just 6 years ago, Xplornet is now one of Canada’s largest telecommunications companies.