TMCnet News
Xplornet Communications Inc. Acquires RipNET Limited(Canada Newswire Via Acquire Media NewsEdge) MARKHAM, ON, July 5, 2011 /CNW/ - Xplornet Communications Inc. (formerly Barrett Xplore Inc.), Canada's leading rural Internet service provider, is pleased to announce the acquisition of RipNET Limited. Located in the Brockville region, RipNET is an Internet service provider that operates in the eastern Ontario region that extends from Manotick to Gananoque, and as far north as Perth. "We are delighted to welcome the RipNET customers into the Xplornet family," said John Maduri, Chief Executive Officer of Xplornet Communications Inc. "This acquisition increases our fixed wireless broadband footprint in eastern Ontario and continues our company's mission to make affordable broadband Internet services available to every rural Canadian." This acquisition is effective immediately. However, RipNET will operate as a wholly owned subsidiary of Xplornet. RipNET's customers will continue to enjoy their current service and packages. Mr. Maduri noted that Xplornet looks forward to working with RipNET' s team. "Over the last 16 years, RipNET has built a skilled and committed team, and they bring significant expertise to Xplornet," said Maduri. Technical support contact information, service and billing practices will remain unchanged for all RipNET customers. "Xplornet is committed to the ensuring that fast, affordable broadband is available everywhere in Canada," said Maduri today. "This acquisition is complementary to the work we are doing to roll out 4G wireless and satellite broadband in Eastern Ontario over the next year that will give more Ontarians the opportunity to enjoy a robust broadband connection. About Xplornet Communications Inc. Headquartered in Woodstock, New Brunswick, Xplornet Communications Inc. (formerly Barrett Xplore Inc.) is Canada's leading rural broadband provider, with customers and dealers in every province and territory. Xplornet aims to bridge the urban/rural digital divide by ensuring that every Canadian, regardless of where they live, has access to broadband, thereby enabling them to compete effectively in the global economy and gain access to essential government and educational services. |