Technical trial to test 5G technology on
TeraGo's licenced 24GHz wireless spectrum
TORONTO, Oct. 11, 2018 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX: TGO,
www.terago.ca), announced that it will be initiating a technical
trial in the Greater Toronto Area
("GTA") utilizing fixed wireless 5G millimetre wave
equipment from PHAZR Inc. ("PHAZR"). The trial will utilize
TeraGo's licenced spectrum in the 24 GHz frequency band. TeraGo
operates a national fixed wireless network with thousands of access
points across Canada.
"Next generation 5G technology creates a paradigm shift for
wireless connectivity. It provides a massive increase in bandwidth
that will enable new services, empower new user experiences and
drive new industries," said Tony
Ciciretto, President and CEO of TeraGo. "As one of the
largest holders of millimetre wave spectrum in Canada's largest markets, TeraGo is committed
to staying at the forefront of 5G technology to deliver innovative
solutions to our customers and to open possible new market
opportunities for the Company."
PHAZR is a US-based virtualized radio access network (vRAN)
provider offering one of the industry's broadest portfolio of 5G
millimetre wave systems for the licenced-bands in the 24 to 40 GHz
frequency range. PHAZR's 5G portfolio is being trialed today by
three major U.S. operators. 5G technology is expected to be upwards
of 40x faster than traditional millimetre wave transmission
technology.
Farooq Khan, CEO of PHAZR added,
"TeraGo is in a great position to be among the first to introduce
5G services to the Canadian market. Our equipment is proven in
trials with top operators in the U.S. and Europe, and we are pleased to be supporting
them in their efforts."
Forward-Looking Statements
This news release includes certain forward-looking statements
that are made as of the date hereof. Such forward-looking
statements may include but are not limited to statements regarding
the upcoming 5G fixed wireless trial to be conducted with PHAZR,
the potential of 5G technology and the increased bandwidth speeds
expected, paradigm shift in wireless connectivity caused by 5G
technology, the enablement of new services and industries, and new
possible market opportunities for TeraGo. All such statements
constitute "forward-looking information" as defined under,
applicable Canadian securities laws. Any statements contained
herein that are not statements of historical facts constitute
forward-looking information. The forward-looking statements reflect
the Company's views with respect to future events and is subject to
risks, uncertainties and assumptions, including those risks set
forth in the "Risk Factors" sections in the annual MD&A of the
Company for the year ended December 31,
2017, which is available on www.sedar.com under the
Company's corporate profile. Factors that could cause actual
results or events to differ materially include the inability to
complete a successful technical trial with PHAZR with 5G
technology, the results of the trial not being satisfactory to
TeraGo or PHAZR, regulatory and developmental licence requirements
may delay or inhibit the trial, the economic viability of any
potential services that may result from the trial, the ability for
TeraGo to finance and support any new market opportunities that may
present itself, and industry competitors who may have superior
technology or are quicker to take advantage of 5G technology.
Accordingly, readers should not place undue reliance on
forward-looking statements as several factors could cause actual
future results, conditions, actions or events to differ materially
from the targets, expectations, estimates or intentions expressed
with the forward-looking statements. Except as may be required by
applicable Canadian securities laws, TeraGo does not intend, and
disclaims any obligation, to update or revise any forward-looking
statements whether in words, oral or written as a result of new
information, future events or otherwise.
About TeraGo
TeraGo owns and leases a national spectrum portfolio of
exclusive 24GHz and 38GHz wide-area spectrum licences including
2,120 MHz of spectrum across Canada's 6 largest cities. TeraGo provides
businesses across Canada and
internationally with cloud, colocation and connectivity services.
TeraGo manages over 3,000 cloud workloads, operates five data
centres in the Greater Toronto
Area, the Greater Vancouver
Area, and Kelowna, and owns
and manages its own IP network. The Company serves over 3,000
business customers in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive
Local Exchange Carrier (CLEC) and was recognized by IDC as a
Major Player in MarketScape Cloud
Vendor Assessment. TeraGo Networks was also selected as one of
Canada's Top Small and Medium
Employers for 2017.
SOURCE TeraGo Inc.