NR today, TTZ putting in 600 KM of broadband.
EDMONTON, February 24, 2000 -TOTAL TELCOM INC. is pleased to announce today
its intention to build, own and operate a Fiber Optic corridor in Rural
Western Canada. An estimated 600 kilometers of Fiber Optic Cable will be
laid with the intention to offer Bandwidth and Dark Fiber sales to Bundled
Service Providers, Municipalities and industrial clientele along the way.
Total Telcom has identified the need in Rural Communities to have access to
high speed Broadband communications links to the technology world and today
these communities are under serviced.
On February 10th, Total Telcom Inc. announced a proposed financing of $7
million through the issuing of special warrants, the majority of proceeds
intended to be used to fund a portion of this Fiber Optic Corridor.
Construction is expected to start this spring, subject to regulatory
approvals, and the successful closing of the special warrant offering.
Total Telcom CEO Craig Baker reports that Management views this strategic
initiative as a natural progression, which complements TTI's core
competencies, and will see the Corporation evolve to a significant
broadband service provider in Rural Canada.
The Corporation provides design, construction, project management and
maintenance of broadband communication systems. Total Telcom is a leader in
turnkey Hybrid Fiber Coax (HFC) designs and has extensive experience in
long haul Fiber Optic Networks and Fiber Ring Topology. |
