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.”