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Lite Access opens UK office to meet fibre optic demand

"Lite Access – UK will be in the enviable position of bringing a new and highly advantageous deployment methodology to a market with tremendous potential.”

Fibre optic fibres and light
The UK government aims to roll out superfast internet to 95% of homes by the end of 2017.

Vancouver-based Lite Access Technologies Inc (CNQ:LTE) is to open a new operations office in the United Kingdom to support its growth in the region.

The fibre optic solutions provider said it had identified a significant demand in the UK for its air blown fibre and micro-trench deployment solutions.

“With companies in the UK such as Virgin Media and others making unprecedented investment into fibre deployment, Lite Access – UK will be in the enviable position of bringing a new and highly advantageous deployment methodology to a market with tremendous potential,” said chief operating officer Dylan Griffiths.

Griffiths will head the new office in Wales. He is a former British Telecoms engineer with more than 25 years’ experience in the fibre optic industry.

“The many long-term relationships we have in place at senior levels of the telecom industry in the UK will prove vital to our goal of further establishing Lite Access as the micro-trench deployment solution of choice worldwide.”

The group’s micro-trenching technique is the least disruptive and most environmentally friendly method of fibre optic implementation available.

The UK government has set a target of rolling out superfast internet to 95% of homes by the end of 2017.

Quick facts: Lite Access Technologies

Price: 0.82 CAD

TSX-V:LTE
Market: TSX-V
Market Cap: $41.46 m
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