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Lite Access Technologies Provides Comment on Carillion and UK Operations Update
Lite Access Technologies Provides Comment on Carillion and UK Operations Update Ca...
About this update from Ironman International Ltd.
[{"type":"text","content":"\n\n\n\nLite Access Technologies Provides Comment on Carillion and UK Operations Update\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\nCanada NewsWire\nVANCOUVER, Jan. 18, 2018\n\n\n\nVANCOUVER, Jan. 18, 2018 /CNW/ - LITE ACCESS TECHNOLOGIES INC. (the \"Company\") (TSX VENTURE: LTE)(OTC PINK: LTCCF), a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost of fibre optic network deployment for telecommunications operators, is pleased to provide comment on the recently announced liquidation of Carillion PLC and an update on UK operations.\n\nFurther to the recently announced liquidation of Carillion and, as it relates to the Company's announced contract to help support and deliver BT's Openreach Superfast Cymru fibre rollout in Wales (please see press release dated November 14, 2017), Lite Access refers shareholders to telent's full statement to the press on January 16, 2018 (link: https://telent.com/news-media/news/carillion-telent-joint-venture-statement).  The following excerpts highlight the ability of telent to ensure a smooth transition for customers and sub-contractors of the Carillion telent Joint Venture: \"Following the news of the liquidation of Carillion, we [telent] confirm that the Carillion telent Joint Venture (CtJV) remains open for business and there will be continuity of delivery to its customers.  There will be no adverse impact to any of telent's other business and customers .… Existing contracts will be honoured and continue to run as normal, including the two biggest contracts with Openreach and Gigaclear.  All workers involved in the joint venture not currently employed by telent will transfer to telent, securing all jobs and delivery of the service.  Subcontractors to the CtJV will continue to operate under their existing arrangements.\"  \n\nMike Plotnikoff, CEO of Lite Access, stated \"For all of the reasons contained in the Carillion telent Joint Venture statement, we expect that the developments at ...