Andrey Omelchak on BNN Tucows Inc. (TC TSX)
Tucows operates in three highly resilient segments: domain name (60 per cent of gross profits), Ting Mobile (30 per cent) and Ting Internet (10 per cent). Under the leadership of CEO Elliot Noss, the company has been able to create tremendous value over the years with a mix of strategic acquisitions and organic initiatives. The company has grown its domain name business to become the second-largest domain name registrar in the world. It launched Ting Mobile in 2012, which has provided good organic growth with little capital investment. The company launched Ting Internet in 2015 which provides Fiber connectivity to small cities across the U.S. With booming demand for fast speed internet connection amidst COVID-19, we see increasing opportunities to create much more shareholder value going forward.