leadf
logo-loader
viewLite Access Technologies

Lite Access wins C$29mln fibre optic contract from Gigaclear PLC

This is a watershed moment for our Company and validates the premium quality of our work and ramp up in the UK over the past year - Carlo Shimoon

crane
Work on the project is expected to be completed by the end of 2019

Lite Access Technologies Inc (TSX-V:LTE) said it has been awarded a C$29mln rural fibre optic deployment contract by Gigaclear PLC.

The company will carry out all the civil engineering work and installation of fibre cables using its innovative techniques, including its narrow trenching technology which speeds up installation and minimises the impact of work on the local community and the environment.

The project will see ultrafast, full-fibre broadband being connected to up to 10,000 homes in West Oxfordshire.

READ: Lite Access Technologies nudges higher as Shimoon and Caplan added to the board

Work on the project is expected to be completed by the end of 2019.

Carlo Shimoon, CEO of Lite Access, said: "This is a watershed moment for our Company and validates the premium quality of our work and ramp up in the UK over the past year.

“Our cutting-edge fibre deployment technologies are ideally suited for this rural environment and we expect to expand our strategic relationship with Gigaclear in support of their growing rural fibre coverage.”

“We are pleased with the direction the Company is heading, our growth potential, and ensuring that we remain a world leader in this industry to unlock the full fibre future in the UK and elsewhere."

Gigaclear builds and operates ultrafast, pure Fibre-to-the-Premises broadband networks in rural Britain.

It currently offers Gigabit services to over 60,000 homes and businesses across Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Gloucestershire, Kent, Leicestershire, Lincolnshire, Northamptonshire, Oxfordshire, Rutland and Worcestershire.

Lite Access has successfully deployed or enabled deployment of thousands of kilometres of broadband networks throughout North America and the UK, as well as South America,

Quick facts: Lite Access Technologies

Price: 0.3 CAD

TSX-V:LTE
Market: TSX-V
Market Cap: $17.96 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lite Access Technologies named herein, including the promotion by the Company of Lite Access Technologies in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read