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