Xplore Inc., the leading provider of Internet services to Canadians in rural communities, announced today that it has now finalized an aggregate of $375 million in previously announced financing commitments from the Canada Infrastructure Bank (CIB) to support increased broadband access for rural and remote communities.
The CIB financing – combined with contribution agreements from federal and provincial governments and private investment from Stonepeak (Xplore's controlling shareholder) and other institutional investors – means that Xplore has finalized all funding required to complete its upcoming fibre builds.
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