Tuesday, June 29, 2021

CityWest expands again, taking on purchase of West Island Cable in Bamfield

The CityWest community coverage map has now expanded
to Vancouver Island as the Prince Rupert company purchaes
a West Island cable company.

The reach of Prince Rupert based CityWest is expanding once again, with the City of Prince Rupert owned company announcing the purchase of Vancouver Island Cable provider West Island Cable based in Bamfield.

In an announcement posted to the CityWest website today, the telecommunication company announces the purchase and expands on how it will become part of the connected coast initiative.

“For us, this is the perfect partnership. Both companies share a common goal of using first-rate technology to improve the lives of their customers – West Island through its ‘Gigafy Bamfield’ project, and CityWest through our many fibre-to-the-home builds in rural and remote communities. We’re looking forward to serving the community of Bamfield with great customer service and advanced technology.” -- Stefan Woloszyn, CEO of CityWest.

Both CityWest officials and those of West Island Cable noted that customers on the island won't notice any change in their billing or existing services in the near term.

“We’re excited to work with CityWest, a company that knows the importance of community support where they do business. We’ve built this company with the support of our community, and we’re looking forward to continuing that tradition with CityWest.” -- Eric Geall, President of West Island Cable

The terms and purchase price of the business deal were not disclosed as part of today's announcement.

For City West, today's announcement signals a southern push for the communication company which now has a network of operations from Vanderhoof west to Prince Rupert and now a foundation for potential growth on Vancouver Island.

The full CityWest announcement can be reviewed here.

More notes on CityWest can be explored from our archive page.

1 comment:

  1. While I admire the upbeat CEO speak. "first-rate technology" is not what I think of when it comes to Citywest.

    Furthermore, after looking at Citywest Financials. I think the purchase should be disclosed.


    Assets - $59 036 000
    Liabilities - $15 766 000
    Net Income - $4 898 000
    Loan - $22 830 762 (serviced by the annual dividend)