Markham-based Xplore Inc. Announces Agreement for New Investment to Fund Fibre-to-the-Home and 5G Fixed Wireless Rural Broadband Networks

Jun 05, 2024

Xplore Inc., a leading provider of broadband services to rural communities across Canada, announced that it has reached an agreement in principle for new debt and equity financing to fully fund its expansion of large scale fibre-to-the-home networks across Canada and the upgrade of its fixed wireless networks to 5G technologies.

"We are excited about this investment, which will enable Xplore to provide world-class broadband to even more rural communities across Canada," said Fran Shammo, Xplore's Executive Chairman. "This agreement represents a meaningful positive milestone for Xplore and will provide significant benefits to our customers and other key stakeholders."

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