Atria Networks Inc.

Atria Networks Inc.

September 01, 2005 09:00 ET

Local utility telecoms merge to form Atria Networks Inc.

FibreTech of Waterloo Region and Guelph FibreWired create new, community-owned telecommunications company Attention: Business/Financial Editor, City Editor, News Editor, Tech/Telecomm Editor, Government/Political Affairs Editor KITCHENER, GUELPH, ON --(CCNMatthews - Sept. 1, 2005) - FibreTech Telecommunications, jointly owned by three Waterloo Region hydro utilities, and Guelph FibreWired, owned by Guelph Hydro, today announced a merger creating a new data communications company, Atria Networks Inc.

As a joint venture of local utilities, Atria Networks is a community-owned enterprise that will continue to provide uniquely fast and reliable broadband data communications within its service areas.

The newly formed company will be one of the province's largest utility telecommunications corporations. Atria combines two extensive networks that comprise over 1000 kilometres of fibre-optic cable, spanning a broad contiguous area from Orangeville in the northeast to the townships southwest of Kitchener.

"Atria Networks will serve two fast-growing markets more effectively," said Steven McCartney, president and CEO of Atria Networks.

"Waterloo Region and the Guelph area are becoming powerhouse economies in this province," said McCartney. "This merger anticipates an expanding need for our broadband services. Atria is a geographic consolidation and a natural move to ensure we can continue to add the products and services these dynamic markets demand."

Atria offers customers the advantages of a network doubled in size, with competitive efficiencies and strengths better suited to a fast-paced telecommunications marketplace.

Atria Networks will retain a strong local community presence in Waterloo Region and Guelph.

"Our success will depend, as it always has, on the support of local clients and stakeholders," said company vice-president Stu Wilson.

"Commitment to community is what sets us apart from giants in the telecom business and forms our identity. That commitment won't change with this merger."

The new company's name derives from a core belief in power of community connection.

The word Atria is plural for atrium, a Latin word for an open central court in a home or building. Atria are public meeting places usually full of space and light.

"This positive association aligns perfectly with the company's vision to bring communities together, to nurture improved business and community relationships using broadband technology," said McCartney.
/For further information: Stu Wilson
Vice-president, Atria Networks
519-780-1211, ext 101

Christopher Copp
Copp Communications
519-342-8692

Background:

Guelph FibreWired

?formerly, a wholly-owned subsidiary of Guelph Hydro Inc., created to provide high-speed Internet communications services to Guelph, Centre Wellington and Orangeville
?over 300 kilometres of installed fibre-optic cable and advanced laser technology
?the area's most robust and highest capacity Internet data service.

FibreTech Telecommunications

?founded in 2000 as a joint venture of Waterloo North Hydro, Kitchener Power Corporation and Cambridge and North Dumfries Energy Plus Inc.
?over 600 kilometres of fibre-optic network and laser technology in Waterloo Region, and similar high-capacity, high-speed Internet data service within its markets
/ IN: TECHNOLOGY, TELECOMM

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