Catalyst portfolio company Xplornet Communications Inc., Canada’s largest rural-focused broadband service provider, completed its sale to Stonepeak Infrastructure Partners, whereby Stonepeak acquired the controlling stake in Xplornet.
Catalyst-backed Xplornet Communications Inc., Canada’s largest rural-focused broadband service provider, and Stonepeak Infrastructure Partners announced that Stonepeak has entered into a binding agreement with Xplornet and its shareholders, through which Stonepeak has agreed to acquire a controlling stake in Xplornet.
Rural internet provider Xplornet Communications Inc., a Catalyst portfolio company, says recent network investments now make it possible to offer some of its customers broadband service only city dwellers used to be able to expect – faster speeds and unlimited data plans.
Rural homes and businesses in Prince Edward Island will soon have access to faster download speeds and the latest 5G-ready technology, thanks to Catalyst portfolio company Xplornet. Xplornet announced plans to deliver 5G services to more than 20,000 rural homes in more than 300 communities in the province.
Rural Canadians will soon have access to faster speeds and more data as Catalyst-backed Xplornet Communications Inc. makes historic investments in its national broadband network, enabled by the Government of Canada’s Accelerated Investment Incentive. The bold new investment plan will position Xplornet to deliver 5G wireless services nationally to rural Canadians.
Catalyst portfolio company Xplornet is bringing the necessary telecom infrastructure to New Brunswick rural homes and businesses to provision 5G services. The first phase of the project will begin immediately and is expected to be completed by the end of 2019. This new Xplornet broadband service will support speeds of 100 Mbps. Xplornet will make the province one of the first areas in Canada to have access to 5G ready technology, once the company finishes deploying its hybrid fiber wireless network.
Catalyst-backed telecom service provider Xplornet has officially announced its wireless telephony brand, Xplore Mobile. Xplornet is hailing the new service as a “new approach to wireless service in Manitoba.”
Rural fixed wireless and satellite internet provider Xplornet, a Catalyst portfolio company, is preparing for its first 5G offerings with a new fibre deployment jointly funded by the government. The New Brunswick-based company announced a joint investment of $36 million with the Canadian government to build out a fibre network in Eastern Ontario. Xplornet is funding the majority of the project by setting aside $25.2 million, while the Government of Canada is pitching in $10.8 million via the Connect to Innovate program.
Taking on the Big Three is notoriously difficult, but here’s why Catalyst portfolio company Xplornet may have a fighting chance in Manitoba, Canada. Xplornet is getting ready to introduce itself to a more urban audience after stepping into the public spotlight last year by surprising industry watchers with a supporting role in BCE Inc.’s $3.9-billion acquisition of Manitoba Telecom Services Inc., one of the largest telecommunications deals in Canadian history.
Catalyst portfolio company Xplornet, one of Canada’s leading broadband service providers, entered into an agreement for the purchase of the Internet access business of NetSet Communications. The acquisition is the largest in Xplornet’s history and accelerates the company’s continued expansion across Western Canada.