Axia to Invest $100 Million to Bring Fiber Connections to Rural Albertans

  • Axia NetMedia
CALGARY, AB – Axia NetMedia Corporation (Axia), a provider of fiber optic communications infrastructure in Canada, the United States, France and Singapore announces a $100 million investment in new fiber infrastructure to connect 40 more rural Alberta communities. This will allow residents and business to experience unparalleled connectivity and reliability. With Axia’s high-speed fiber connection, customers in rural communities can expect enhanced and expanded services, as well as improved business productivity and competitiveness for their communities.

“Business opportunities that rely on powerful networks should not just be limited to major urban centers,” says Axia Chairman and CEO Art Price. “Fiber enables individuals and businesses to benefit from high-quality, cost-effective connectivity wherever they live or work in Alberta. It’s truly transformational.”

In July 2016, Axia and Partners Group, a global private markets investment manager, jointly announced the completion of a share acquisition that has provided Axia with access to significant capital for future investment. The initial investment of $100 million will bring fiber to 40 underserved communities across rural Alberta.

Building on the SuperNet
Axia has a successful track record of servicing Albertans with broadband access, having partnered with the Government of Alberta almost two decades ago to construct and operate the SuperNet — a reliable, high-speed fiber network that interconnects urban centers and rural communities. “Alberta is our home so we are thrilled to announce this significant investment designed to build on the SuperNet — a provincial fiber grid enabling a connected Alberta whose choice is to engage the world,” says Price. “This investment, made possible by having access to the SuperNet, will ensure that Alberta will continue to lead Canada as the most connected province in the Country.”

“We are very pleased to be supporting Axia in its mission to deliver high-quality fiber connectivity to more rural communities. We hope that our experience in building out successful infrastructure platforms and expertize in the communications sector in particular will prove invaluable as Axia continues to build out its network,” says Brandon Prater, Partner and Co-Head Private Infrastructure, at Partners Group.

Communities can express their interest by visting www.axia.com/alberta

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