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| For the second Friday in a row this month, CityWest has announced another communication company acquisition on Vancouver Island |
Prince Rupert based CityWest is expanding on its growing list of acquisitions, with the City of Prince Rupert Communication company announcing today that it has acquired Ragged Edge Community Network Society on Northern Vancouver Island.
The subject of CityWest's interest is a non-profit Society which has been servicing clients and remote local businesses with wireless Internet services since 2006.
With the acquisition CityWest will now be providing service to customers in Sointula, Hyde Creek, Telegraph Cove, Holberg, Quatsino, Zeballos, Ehattesaht First Nations, Gilford Island, and areas surrounding Port McNeill.
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| Some of the communities of note from today's acquisition announcement for CityWest |
As part of today's information release, Stefan Woloszyn, CEO of CityWest noted the enthusiasm for the company to operate the services in their new communities.
The move comes following a recent announcement which saw CityWest expand its services on Vancouver Island and Islands offshore of it.
As was the case with the announcement last Friday of the acquisition of service on Texada Island, no financial terms towards the acquisition were released today.
To catch up on the CityWest expansion footprint follow our archive page here.
Does this mean they are making money and can pay back the city?
ReplyDeleteIt means they are expanding their monopoly in places where Telus and Rogers will never invest, funded by higher levels of government. So yes, we will get paid back handsomely by this brilliant business strategy… but Rome wasn’t built overnight
DeleteThere is a City council session set for Monday, you could fire off a letter to a member of Council
Deletehttps://www.princerupert.ca/city-hall/mayor-and-council?platform=hootsuite
And ask that they have CityWest make a presentation and update the community on their recent moves and the plans ahead NCR
The city council members might appreciate an update as well from CityWest, considering that they no longer have any employees on the board and that the ex-employees on the board no longer report to them.
DeleteI don't think that how long it took to build Rome is an appropriate analogy for how long it should take for CityWest's "brilliant business strategy" to start paying dividends to the City.
DeleteWow someone takes things a little too literally. How about, 3400km of subsea fibre cables aren’t laid in a day? Or 139 rural, remote and Indigenous communities do not get connected overnight?
DeleteAnd the financial projections on return of capital?
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