Press Releases & Announcements
Technical and customer trials focused on 5G business internet services to begin in the first half of 2020.
Toronto, Ontario – December 16, 2019 – 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 licensed spectrum. Customer trials are then planned to begin in the second quarter of 2020.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), today announced financial and operating results for the third quarter ended September 30, 2019.
“We remained focused on managing costs in the third quarter, generating positive Adjusted EBITDA(1) and cash flow from operations ahead of our plans to invest in 5G growth initiatives,” said Tony Ciciretto, President and CEO of TeraGo. “As we look to initiate 5G fixed wireless trials in 2020, we have assembled a dedicated team to build an ecosystem and develop strategic partnerships. With increased momentum and support for 5G fixed wireless equipment based on the NR standard following the completion of the 24 GHz auction in the US, we are excited about the potential for 5G to open up new customer and market opportunities for TeraGo as the largest holder of millimetre wave spectrum in Canada.”
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca) today announced that management will be attending the ROTH Technology and New Industrials Day on Wednesday, November 13, 2019 at the Lotte New York Palace Hotel.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), announced today that it will be hosting a conference call on Thursday, November 7, 2019, at 8:30 am ET to discuss the Company’s financial results for the third quarter of 2019. The complete financial results are expected to be released after market close on Wednesday, November 6, 2019.
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.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), today announced financial and operating results for the second quarter ended June 30, 2019.
“Business activity for the second quarter was largely consistent with the first quarter of 2019 and we remain focused on managing costs this year as we enhance sales effectiveness, build our sales pipeline and broaden our sales reach through channel partnerships,” said Tony Ciciretto, President and CEO of TeraGo. “ISED’s recent decision permitting the future conversion of our 38 GHz spectrum to a flexible use licensing model provides much of the needed clarity to provide continuity in our business and drive value from our spectrum assets. We hope to see this rationale applied to our 24 GHz licenses as well, when ISED considers the conversion of this band to a flexible use licensing model as part of Canada’s 5G spectrum plan. With the financing we secured in the second quarter, TeraGo is in strong financial position advance its 5G fixed wireless service initiatives.”
“CNSG enters the Canadian Cloud market”
TeraGo Networks Inc. (“TeraGo”), the operating subsidiary of TeraGo Inc. (TSX: TGO, www.terago.ca) is excited to announce a new partnership with U.S.-based Converged Network Services Group (CNSG). CNSG is the Premier Master Distributor for the design and delivery of complete technology solutions and the new partnership will facilitate CNSG’s entrance into the Canadian Cloud market.
TeraGo Inc. (“TeraGo” or the “Company”) (TSX: TGO, www.terago.ca), is pleased to announce that it has closed its previously announced bought deal offering (the “Offering”), including the exercise in full of the underwriters’ over-allotment option. The Company issued and sold today an aggregate of 805,000 Common Shares at a price of $11.00 per Common Share for gross proceeds of $8,855,000.