SOURCE: Urban Communications Inc.

Urban Communications Inc.

April 16, 2015 09:15 ET

Urban Communications Inc. Launches Commercial 1Gbps High-Speed Internet Service in Metro Vancouver Ahead of Schedule

VANCOUVER, BC--(Marketwired - April 16, 2015) - Urban Communications Inc. (TSX VENTURE: UBN) ("Urban" or the "Company") is pleased to announce it has launched Gigabit speed Business Internet service ahead of schedule to commercial customers in Metro Vancouver.

HIGHLIGHTS 

  • Urban's 100%-owned, state-of-the-art, fiber optic network covers 200 kilometres across Metro Vancouver and part of Victoria, British Columbia
  • Low-cost, high-margin Service Provider: Company-owned network allows Urban to offer its service to commercial customers at an affordable rate of $249 per month a cost
  • The Company has enabled service in 11 commercial buildings to date with 5 additional buildings in the process of being deployed

DETAILS

Priced at an introductory $249 per month, Urbanfibre Business Internet delivers symmetrical 1 Gigabit Internet speed, 1 Terabyte of data transfer, static IP address and backed by a full service level agreement.

Originally slated to launch in August, an early market test of the Business Internet service in downtown Vancouver over-achieved on expectations, prompting accelerated launch plans. The market test results saw Urban with 10% of tenants as customers in a single high-rise office tower in 60 days.

Urban has now enabled service in 11 commercial buildings with another 5 in the process of being deployed and an additional 15 targeted due to their proximity to the network all representing approximately 500 potential commercial customers.

"Our Business Internet service is a giant leap forward for Vancouver businesses in terms of cost, speed and reliability" said Jon Paul Janze, Urbanfibre VP of Product. "Business customers can now take advantage of all the high-speed, high-bandwidth applications they need to stay competitive without unnecessary wait times or bandwidth costs."

ABOUT URBAN COMMUNICATIONS INC.

Urban Communications Inc. (TSX VENTURE: UBN), through its operating subsidiaries, is a telecommunications company providing a full suite of Internet, voice, video and broadband application products over its state-of-the-art carrier grade fibre optic network to commercial, residential and public sector customers. The Company's fibre optic network covers 200 km. across metro Vancouver and Victoria and has a potential serviceable market of 850,000 residential units and 80,000 commercial enterprises. Urban has recently launched high-speed internet service to residential and commercial subscribers on its network at 1,000 Mbps (1 Gbps).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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