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Crown Capital's Subsidiary Selected as Internet Service Provider under Ontario Connects Program
Crown Capital's Subsidiary Selected as Internet Service Provider under Ontario Connects P...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n \n \n \n Crown Capital's Subsidiary Selected as Internet Service Provider under Ontario Connects Program\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 CALGARY, AB\n \n \n ,\n \n \n May 9, 2022\n \n \n /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN) today announced that its subsidiary, Community Network Partners Inc. (\"CNPI\"), has been selected as an Internet Service Provider (\"ISP\") under the\n \n \n Ontario Connects: Accelerated High Speed Internet Program\n \n \n \n .\n \n The aim of the program is to make reliable, high-speed internet connectivity available to all premises in\n \n Ontario\n \n by the end of 2025.\n \n \n Under the Ontario Connects program, the Government of\n \n Ontario\n \n has committed nearly\n \n $4 billion\n \n to connect every region in\n \n Ontario\n \n to reliable, high-speed internet by the end of 2025.  This is the largest single investment in high-speed internet, in any province, by any government in Canadian history.  This investment will help ensure that every household and business, in every community, has access to the digital world.\n \n \n Crown subsidiaries provide network connectivity to municipal, commercial and residential end users in otherwise underserviced markets.  In connection with this program, CNPI will design, construct, own and operate a broadband network that will deliver high-speed internet to residential and business customers in select service areas in\n \n Northern Ontario\n \n .  The contract available to CNPIs under the program is approximately\n \n $150 million\n \n , which is expected to be a material proportion of the network cost and will bring service to approximately 9,400 households. CNPI expects to immediately commence design and construction and anticipates completion before the end of 2025.\n \n \n \"Access to reliable, high-speed connectivity is essential for living, learning and thriving in today's digitally connected world. We've been working vigorously to resolve the digital divid...