Business
Community Network Partners Joins Forces with YorkNet to Accelerate High-Speed Broadband Access in York Region
Community Network Partners Joins Forces with YorkNet to Accelerate High-Speed Broadband Access in...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n \n \n \n Community Network Partners Joins Forces with YorkNet to Accelerate High-Speed Broadband Access in York Region\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 17, 2023\n \n \n /CNW/ - Community Network Partners Inc. (CNPI), a subsidiary of Crown Capital Partners Inc. (TSX: CRWN), is proud to announce an innovative collaboration with YTN Telecom Network Inc. (YorkNet), a corporation of The Regional Municipality of\n \n York\n \n (York Region), aimed at financing, constructing, and operating an advanced optical fibre network to provide high-speed internet in York Region.\n \n \n \"This transformative initiative is made possible through the combined investment of CNPI and York Region, in addition to funding support provided by each of the Government of\n \n Canada\n \n and the Province of\n \n Ontario\n \n , which together represents an aggregate contribution of more than\n \n $120 million\n \n to this important infrastructure project,\" said Jon D'Alessandro, President of CNPI.\n \n \n In connection with its broadband strategy across York Region, which involves making high-speed internet access available to residents, businesses, and public-sector partners such as municipalities, hospitals, and schools, YorkNet has forged a strategic partnership with CNPI, a leading provider of private and open-access broadband networks.\n \n \n \"CNPI brings an innovative approach to financing and ensures long-term success of community projects,\" said D'Alessandro. \"We will leverage industry-leading technical expertise and our proven track record of building and maintaining reliable and secure networks across\n \n Canada\n \n to provide best-in-class internet services in York Region.\"\n \n \n CNPI will invest a total of\n \n $15 million\n \n over the next four years in connection with this partnership and expects to achieve an addressable market of approximately 14,000 customers.\n \n \n The collaboration between CNPI and YorkNet will empower York Region to deliver cutting-edge broadband...