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Lite Access Technologies Inc V.LTE

Lite Access Technologies Inc. provides fiber optic products and advanced installation methodologies. The Company offers integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, it offers a full complement of aerial and underground construction methodologies, including splicing, testing and maintenance. The Company's segments include product sales and fiber optic installations, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-duct, low fire hazard micro-ducts, connectors and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment.


TSXV:LTE - Post by User

Post by yyy2017on Nov 12, 2020 8:10am
893 Views
Post# 31883685

Federal government investing $1.75B to expand across Canada

Federal government investing $1.75B to expand across CanadaMore opportunites for LTE in Canada!

https://pm.gc.ca/en/news/news-releases/2020/11/09/connecting-all-canadians-high-speed-internet


Connecting all Canadians to high-speed Internet

 
 

As we continue to deal with the global COVID-19 pandemic, Canadians have needed to rely on the Internet to help connect them to work, school, government resources, and loved ones. It’s how grandparents visit with their grandchildren, students communicate with their teachers and classmates, and businesses continue to sell their products. However, many communities across Canada still don’t have the infrastructure needed to connect us to one another. That’s why the Government of Canada is working to ensure all Canadians have access to fast and reliable Internet, no matter where they live.

The Prime Minister, Justin Trudeau, today announced an investment of $1.75 billion to help connect Canadians to high-speed Internet across the country, grow businesses, and create jobs. This investment will connect 98 per cent of Canadians across the country to high-speed Internet by 2026, with the goal of connecting all Canadians by 2030.

Announced originally in Budget 2019 as $1 billion, today’s additional funding of $750 million for the Universal Broadband Fund will help advance projects with partners, like the Canada Infrastructure Bank, to connect Canadian households and businesses in underserved communities over the next six years. This includes a $150 million Rapid Response Stream with an accelerated application process to allow shovel-ready projects to get started right away. With today’s announcement, our government has made $6.2 billion available for universal broadband since 2015.

The Prime Minister also announced an agreement of $600 million with Canadian satellite company Telesat to improve connectivity and expand high-speed Internet coverage to the far north, rural, and remote regions across Canada, through low-earth-orbit satellite capacity.

Today’s announcement is the largest one-time federal investment in broadband and will make a real difference in the lives of Canadians and businesses across the country. It will support Canadians living in rural, remote, and northern communities and move forward the Government’s commitment to create over one million jobs. As we work to rebuild from the pandemic, the Government of Canada will continue to make investments in infrastructure to build strong communities and a more competitive and resilient Canada for everyone.


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