Lite Access Technologies Inc V.LTE

Technology Communication Equipment

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.

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Lite Access Technologies Inc

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Post by LyChaunceyon Mar 25, 2021 10:01pm

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Post# 32883935

Telus to raise C$1.3B via stock offering for accelerated cap

Net proceeds to be used for further strengthening the balance sheet and, mainly to capitalize on a unique strategic opportunity to accelerate its broadband capital investment program, including the substantial advancement of the build-out of TELUS PureFibre infrastructure in Alberta, British Columbia and Eastern Quebec, as well as an accelerated roll-out of the Company’s national 5G network.
Telus estimates ~C$500 to C$750M of the accelerated capital investments will be earmarked for 2021, over and above its previous target of C$2.75B.
The balance of ~C$750M to C$1B is expected to be brought forward into 2022, in addition to TELUS' planned annual capital expenditures of C$2.75B for next year.
TELUS expects this accelerated and opportunistic broadband program to significantly support elevated revenue growth and enhanced efficiencies resulting in incremental flow-through to EBITDA in future years.