TORONTO, Sept. 4, 2019 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX: TGO,
www.terago.ca), is pleased to announce that it will be accelerating
efforts to commercialize 5G Fixed Wireless Commercial Services in
Canada utilizing 5G mmWave
spectrum. To spearhead TeraGo's 5G strategy and development of the
program, TeraGo has appointed Irv
Witte to its Executive Leadership Team.
Mr. Witte has over 20 years of progressive leadership experience
in the wireless communications sector. Prior to joining TeraGo, Mr.
Witte was most recently involved in the Rogers Communications 600
MHz auction and in Network Product Management. He oversaw the
successful initial launch of the chatr wireless brand, and has
extensive experience in the B2B market, having served as VP of
Rogers Wireless Business Marketing.
"I am pleased to welcome Irv to TeraGo's Executive leadership
team to spearhead the 5G Program," said Tony Ciciretto, President and CEO of TeraGo. "As
the largest holder of 24 and 38 GHz mmWave spectrum in Canada with over 90% of the licensed spectrum
held covering 8.6 billion MHz-Pops1, TeraGo is uniquely
positioned to utilize emerging 5G mmWave technology to accelerate
the availability of enhanced fixed wireless solutions for business
customers across the country."
Innovation, Science and Economic Development Canada's (ISED)
recent 38 GHz regulatory decision also opens up the possibility for
TeraGo to explore options for broader use applications of the
spectrum, including working with other operators and stakeholders
in the industry to deliver on the promise of 5G. All of
TeraGo's 38 GHz licences will be eligible for renewal and
conversion to flexible use to support future mobile 5G
services.
"I am thrilled to join TeraGo, which has a unique combination of
5G mmWave spectrum assets, infrastructure and expertise in the
Fixed Wireless Solution area," said Irv
Witte, TeraGo's new Vice President 5G Program. "I am
passionate about launching new products, services and innovative
brands and look forward to leveraging my experiences in the
wireless communications industry to position TeraGo as one of the
first operators in Canada to
introduce 5G based services."
1Market
share of licensed mmWave spectrum based on MHz-Pop using ISED's
posted 2011 population figures.
|
About TeraGo
TeraGo owns 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 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 business
customers in major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg.
For more information about TeraGo, please visit
www.terago.ca.
Forward-Looking Statements
This press 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 relating
to TeraGo's 5G strategy and program, utilizing emerging 5G mmWave
technology to accelerate the availability of enhanced fixed
wireless solutions for business customers across the country,
working with other operators and stakeholders in the industry to
deliver on the promise of 5G, and TeraGo being one of the first
operators in Canada to introduce
5G based services. All such statements are made pursuant to
the 'safe harbour' provisions of, and are intended to be
forward-looking statements under, applicable Canadian securities
laws. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements.
The forward-looking statements reflect the Company's views with
respect to future events and is subject to risks, uncertainties and
assumptions, including the risk that TeraGo's growth strategy,
strategic plan, and investments will not generate the result or
sustainable growth intended by management, Mr. Witte's leadership
of the 5G program may not generate the results desired, future ISED
decisions in upcoming Consultations being unfavourable to the
Company, the technical 5G trial the Company is currently conducting
may not generate the results intended, the lack of availability of
suitable 5G radio equipment, the inability of the Company to
successfully launch a 5G fixed wireless business, new market
opportunities for 5G may not exist or require additional capital
that may not be available to the Company, and those risks set forth
in the "Risk Factors" section in each of the annual MD&A of the
Company for the year ended December 31,
2018 and the MD&A for the three and six months ended
June 30, 2019, both available on
www.sedar.com. Accordingly, readers should not place undue reliance
on forward-looking statements as a number of 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.
SOURCE TeraGo Inc.