Lite Access Technologies Inc. (TSXV: LTE) (OTC PINK: LTCCF), which specializes in construction of fiber to the home (FTTH) networks, has provided updates on both new and existing fiber infrastructure initiatives in five Canadian locations. The projects target end-users in Brooks and Clearwater County, Alberta, and West Vancouver, Prince George, and the southeastern section of British Columbia.
The Brooks project calls for construction of a city-wide FTTH broadband network capable of delivering services of a gigabit and potentially greater. Lite Access values the project at approximately CAN$14.4 million, although the company notes that a final contract remains under negotiation. Lite Access won the project after responding to an RFP the City of Brooks issued in August 2020.
The company is already active in Clearwater County, Alberta, where it has completed most of the design/build portion of an FTTH deployment. The approximately CAN$1.2 million project should be completed this April.
In the company’s home province of British Columbia, Lite Access won a contract worth more than CAN$400,000 from what the company describes as “a major Canadian carrier.” Work on the project started last month and is close to completion. Also, Lite Access submitted a successful response to an RFP for a fiber network build in the southeastern part of the province. The deal, worth approximately CAN$1 million, is still in contract negotiations but construction is expected to kick off this June. And in Prince George, Lite Access says it recently completed Phase 1 of a fiber project for the city as part of a deal worth approximately CAN$1.1 million. Phases 2 and 3 of the project, valued at approximately CAN$400,000, are expected to reach completion by the end of June.
"The Canadian market and business conditions continue to improve and provide a real, sustainable opportunity for our company's growth,” commented Carlo Shimoon, president and CEO of Lite Access. “Even before the Canadian Government's announcement last October to spend $10 billion on infrastructure initiatives such as broadband, we have definitely witnessed business activity picking up following some process delays due to coronavirus. Our proposal activity in Canada has been and continues to be much busier than normal. Lite Access is well-positioned to engage in infrastructure projects, diversify our client base, and expand our presence in Western Canada and other regions."
For related articles, visit the FTTx Topic Center.
For more information on FTTx technology and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.
