TORONTO, July 17,
2023 /CNW/ - Community Network Partners Inc. (CNPI),
a subsidiary of Crown Capital Partners Inc. (TSX: CRWN), is proud
to announce an innovative collaboration with YTN Telecom Network
Inc. (YorkNet), a corporation of The Regional Municipality of
York (York Region), aimed at
financing, constructing, and operating an advanced optical fibre
network to provide high-speed internet in York Region.
"This transformative initiative is made possible through the
combined investment of CNPI and York Region, in addition to funding
support provided by each of the Government of Canada and the Province of Ontario, which together represents an
aggregate contribution of more than $120
million to this important infrastructure project,"
said Jon D'Alessandro, President of CNPI.
In connection with its broadband strategy across York Region,
which involves making high-speed internet access available to
residents, businesses, and public-sector partners such as
municipalities, hospitals, and schools, YorkNet has forged a
strategic partnership with CNPI, a leading provider of private and
open-access broadband networks.
"CNPI brings an innovative approach to financing and ensures
long-term success of community projects," said D'Alessandro. "We
will leverage industry-leading technical expertise and our proven
track record of building and maintaining reliable and secure
networks across Canada to provide
best-in-class internet services in York Region."
CNPI will invest a total of $15
million over the next four years in connection with this
partnership and expects to achieve an addressable market of
approximately 14,000 customers.
The collaboration between CNPI and YorkNet will empower York
Region to deliver cutting-edge broadband internet services to all
corners of the community, including rural and underserved areas. By
leveraging the strengths of both organizations, this partnership
will drive innovation, economic growth, and educational
advancements throughout the Region.
"Together, CNPI and YorkNet are committed to bridging the
digital divide, fostering inclusivity, and empowering individuals
and businesses to thrive in the digital age."
About Community Network Partners
Inc.:
Community Network Partners Inc. (CNPI) is a leading provider of
state-of-the-art, private, and open access broadband networks in
underserved areas across Canada.
With extensive experience in network development, financing, and
operations, CNPI delivers reliable and secure broadband solutions,
fostering long-term success for the communities it serves. For more
information, please visit cnpartners.ca.
About YorkNet:
YTN Telecom Network Inc. (YorkNet) is a wholly owned subsidiary
of The Regional Municipality of York, entrusted with the strategic planning,
management, and development of the York Telecom
Network. Committed to expanding high-speed internet access,
YorkNet collaborates with public and private partners to improve
connectivity, drive innovation, and support the Region's growth.
For more information, please visit www.york.ca/yorknet.
SOURCE Crown Capital Partners Inc.
