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Axia's Covage Adds Grand Poitiers to its National Network
CALGARY, Feb. 14, 2012, 2012 (Canada NewsWire via COMTEX) --
Axia NetMedia Corporation (Axia) today announced that its French-based company Covage has been chosen
by the Community of Grand Poitiers to sell next generation network (NGN) services for a period of 20 years. Network construction will begin in
the middle of this calendar year with the network being fully activated
by late 2013. Covage's total investment is projected to be €6.7
million.
The Grand Poitiers Network, in the west of France, will include 150
kilometres of fibre of which 50% already exists and will service over
3,000 enterprises in 40 business parks and 300 public service sites
including health facilities, secondary schools and all the telephone
exchanges of France Telecom. Covage will also sell NGN services to
retail service providers (RSPs) in the area. Covage expects initial sales to begin during the first
half of calendar 2013.
Jean-Michel Soulier, President of Covage commented, "Covage is pleased
to have won this opportunity to sell services in Grand Poitiers and
participate in this region's economic development. Already ten RSPs
have expressed their intention to use our fibre network and we
anticipate strong demand for our competitive service offerings that
will benefit the end users in this region."
With the addition of Grand Poitiers, Covage's nationwide fibre
infrastructure network will now include 17 regional network segments
and a 3,700 km national fibre network backbone.
About Axia
Axia sells services over fibre optic communications infrastructure in
jurisdictions that have implemented the Axia NGN Solution. To date,
Axia has networks in Alberta, France, Singapore, Spain and
Massachusetts. Axia trades on the TSX under the symbol "AXX".
This News Release contains forward-looking statements, including,
without limitation, statements containing the words "should",
"believe", "anticipate", "may", "plan", "will", "continue", "intend",
"expect", "estimate" and other similar expressions which constitute
"forward-looking information" within the meaning of applicable Canadian
securities laws. These statements are based on our current
expectations, estimates, forecasts and assumptions about the operating
environment, economies and markets in which we operate and are subject
to important assumptions, risks and uncertainties that are difficult to
predict. Examples of these statements would include those where Axia
forecasts its success and timing in winning new NGN business, the
timing of completion and estimated total costs of our networks, the
revenues and operating costs associated with these networks over time,
and Axia's ability to generate future cash flows and avail itself of
other financing alternatives given current market conditions. The
assumptions, risks and uncertainties that could cause actual results to
differ materially from the forward-looking information, include, but
are not limited to, changes in customer markets, changes in demand for
our services, our inability to deliver services in a timely and cost
efficient manner, technological change, general economic conditions and
other risks detailed from time to time in our ongoing filings with the
Canadian securities regulatory authorities, including those in our
Annual Information Form, which filings can be found at www.sedar.com. Given these assumptions, risks and uncertainties, readers are
cautioned not to place undue reliance on such forward-looking
statements. Unless otherwise required by applicable securities laws,
we undertake no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2012/14/c3836.html
SOURCE: Axia NetMedia Corporation
please visit Axia's website atwww.axia.com, or contact: Dawn Tinling VP, Investor
Relations and Communications Axia NetMedia Corporation (403) 538-4074
dawn.tinling@axia.com
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