Technical and customer trials focused on 5G
business internet services to begin in the first half of
2020
TORONTO, Dec. 16, 2019 /CNW/ - TeraGo Inc.
("TeraGo" or the "Company") (TSX:
TGO, www.terago.ca), today announced that it will commence
technical trials in the Greater Toronto
Area ("GTA") and Greater Golden Horseshoe Area in the
first quarter of 2020, utilizing fixed wireless 5G millimetre wave
equipment from Nokia Inc. ("Nokia"). The trials will be
conducted on the 24 and 38 GHz frequency bands using both ISED
developmental licences and TeraGo's owned licenced spectrum.
Customer trials are then planned to begin in the second quarter of
2020.
"International momentum for 5G fixed wireless services has been
increasing and as a global leader in 5G technology, Nokia's
equipment is at the centre of many of these networks deployments",
said Tony Ciciretto, President and
CEO of TeraGo. "In Canada, TeraGo
is uniquely positioned to be one of the first operators to launch
commercial 5G fixed wireless services as the largest holder of
millimetre wave spectrum in the largest urban markets. The
ultra-high bandwidth and low latency capabilities offered by 5G
will allow us to deliver new innovative communications solutions to
our customers, improve the efficiency of our network, and open new
market opportunities for the Company."
TeraGo's fixed wireless spectrum assets include 14 of 20
licences issued in the 24 GHz band and 25 of 27 licences issued in
the 38 GHz band, covering 2,210 MHz in Canada's six largest cities or approximately
8.6 billion MHz-Pop's1. The Company's national fixed
wireless network is supported by a redundant fibre optic backbone
with approximately 600 rooftops across Canada. Over the next year, TeraGo will
continue to invest to enhance its network by bringing the benefits
of 5G Fixed Wireless Access to businesses including enhanced speed,
low latency, and fibre like reliability.
Stephan Litjens, General Manager,
Nokia Digital Automation, said: "We are delighted to see Nokia
Digital Automation Cloud (Nokia DAC) and mmWave equipment chosen
for testing on 5G networks in Canada. We look forward to incorporating our
expertise from our numerous deployments around the globe and are
excited to be partnering with TeraGo to deliver on the advancements
that come from 5G."
About TeraGo
TeraGo owns a national spectrum portfolio of exclusive 24 GHz
and 38 GHz 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 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 Nokia,
the timing of such trials, the potential of 5G technology and the
increased bandwidth speeds expected, TeraGo becoming one of the
first operators to launch commercial 5G Fixed Wireless Access
services, 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,
2018, and the MD&A of the Company for the three and nine
months ended September 30, 2019, both
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 successful
technical trials with Nokia's 5G equipment, the results of the
trials not being satisfactory to TeraGo or Nokia, ISED
developmental licences may not be granted or approved for TeraGo's
use, 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.
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1 Based on ISED's population figures
for 2011.
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SOURCE TeraGo Inc.