Changes to Canada's telecom foreign ownership rules enables continued investment in Canada with launch of new metro fibre initiative
TORONTO , Aug. 7, 2012 /CNW/ - Primus Telecommunications Group, Incorporated (PTGI), today announced it has acquired the remaining 54.4 percent of Globility Communications Corporation that it did not own, resulting in 100 percent ownership.
Established in 1996, Globility Communications Corporation (GCC) is a registered Canadian Competitive Local Exchange Carrier that operates in most major urban markets across Canada , providing DSL, Ethernet and Local calling services and facilities.
Until recently, Canada's Telecommunications Act limited the ability of domestic carriers to obtain investment and financing from sources outside of Canada , including telecom companies with extensive network infrastructure in the United States and other countries. With the recent amendments to the Act, small and mid-sized carriers, like Globility, are no longer limited by these rules and can position themselves to invest more aggressively in the Canadian market.
"The recent changes to the legislation have made this acquisition possible, giving Globility much greater latitude to expand its telecom infrastructure across Canada , including the construction of high capacity, state of the art metro fibre," says Peter D. Aquino, President and CEO of Primus Telecommunications Group, Incorporated. "This will enable PTGi with its Globility brand to launch its owned fibre transport initiative commencing construction of a central business district ring in Ottawa immediately."
Permits for the first fibre transport build in Ottawa have been obtained and construction has begun. This inaugural project is expected to be completed by the end of Q3 2012, and will provide medium-to-large-enterprise customers with greater redundancy and faster connectivity options.
Primus will focus immediately on migrating and integrating services to create a more feature-rich on-net infrastructure that will deliver more advanced products and competitive pricing packages to the Canadian market.
"With this acquisition, Globility will continue to foster greater competition, investment and purchasing choice to the Canadian market," says Andrew Day , CEO of Primus North America .
"This will enable Primus Canada , through Globility, to grow its footprint for on-net Local, DSL and Ethernet services and to pursue expansion projects into the enterprise and government sectors that require low latency, high bandwidth routes on an all fibre network."
About Primus Telecommunications Canada Inc.
Primus Telecommunications Canada Inc. is the largest alternative telecommunications service provider in Canada . Primus Canada offers a wide selection of consumer and business telecommunications services available nationwide including Home Phone, Internet, Long Distance, VoIP, Wireless, Hosting, Cloud and Managed Services and Enterprise IP Telephony. Primus Canada is a wholly-owned subsidiary of McLean, Virginia-based Primus Telecommunications Group, Incorporated (PTGI). Additional information is available at primus.ca.
PTGi (Primus Telecommunications Group, Incorporated) is a leading provider of advanced communication solutions, including, traditional and IP voice, data, mobile services, broadband Internet, collocation, hosting, and outsourced managed services to business and residential customers in the United States and Canada . PTGi is also one of the leading international wholesale service providers to fixed and mobile network operators worldwide. PTGi owns and operates its own global network of next-generation IP soft switches, media gateways, hosted IP/SIP platforms, broadband infrastructure, fiber capacity, and data centers located in Canada . Founded in 1994, PTGi is headquartered in McLean, Virginia.
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SOURCE: Primus Telecommunications Canada Inc.