Put the net on Ex­plorenet

Stanstead Journal - - NEWS BRIEF -

Bar­ret­tX­plore Inc. has re­branded to Xplor­net Com­mu­ni­ca­tions Inc. The change re­flects the in­cred­i­ble suc­cess and growth of Barrett Xplore’s Xplor­net brand, Canada’s largest and best known ru­ral broad­band ser­vice. “When Barrett Xplore launched in 2004, we came to the mar­ket with a unique, even risky busi­ness plan – to use two tech­nolo­gies to get broad­band to ev­ery inch of Canada and fo­cus on ru­ral cus­tomers. Us­ing Ed and Bill’s name as part of our cor­po­rate iden­tity told the Cana­dian busi­ness com­mu­nity that we were se­ri­ous – with the weight of two of Canada’s lead­ing en­trepreneurs be­hind us. That helped us at­tract the in­vest­ment we needed to get us where we are to­day – the lead­ing provider of ru­ral broad­band and one of Canada’s largest telecom­mu­ni­ca­tions firms,” said CEO John Maduri to­day. “Now, our fo­cus is solidly on an even faster ex­pan­sion of our cus­tomer base. Our cus­tomers know us as Xplor­net - that is the brand they are sub­scrib­ing to, talk­ing to their neigh­bours about, and see­ing at work in re­gional P3 projects from coast to coast. So, in recog­ni­tion that our cus­tomers are the lifeblood of this firm, we are pleased to be known from now on sim­ply as Xplor­net Com­mu­ni­ca­tions Inc.”

Ear­lier this week, the com­pany an­nounced that it had com­pleted a $230 mil­lion pri­vate fi­nanc­ing. One of the largest Cana­dian tele­com fi­nanc­ing an­nounce­ments this year, the funds will be used to sup­port and ag­gres­sively ex­pand Xplor­net’s broad­band net­work across Canada to the 2.4 mil­lion house­holds that do not have ac­cess to real, affordable broad­band, and also to re­fi­nance some ex­ist­ing debt.

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