> TeraGo Reports Second Quarter 2019 Results
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.”