Colba.Net launches its IPTV
MONTREAL, Dec. 7, 2011 /CNW Telbec/ - Colba.Net Telecom Inc. (CNSX: CB), through its subsidiary Colba.Net Inc., a leading telecommunications company in Quebec, announced today the launch of its new Internet protocol Television ("IPTV") service. This follows a recent decision by the Canadian Radio-Television and Telecommunications Commission ("CRTC") approving the application by Colba.Net for a broadcasting licence to operate a Class 1 terrestrial broadcasting distribution undertaking to serve the Montreal Island. Colba.Net's footprint currently covers approximately 375,000 households on the Island of Montreal.
This new IPTV service offers several high-definition channels, including some of the most popular American channels, as well as unlimited Internet access to movie and TV websites from NetFlix, AppleTV and TOUT.TV. When subscribing to the the triple play service of Internet unlimited ADSL2+, telephony VoIP service and IPTV at $ 49.95/month, IPTV is offered at a very competitive price starting at $ 19.95/month.
"Once again we are thrilled and proud to launch a new service such as IPTV at such a competitive price. Our whole business model, core corporate values and reputation are based upon offering the best possible products and services at unbeatable prices. We strongly believe that both the industry and consumers stand to greatly benefit from increasing competition in our fast growing industry sector. By offering our new IPTV service, Colba.Net is now a player in the big league of telecom providers and cable distributors who provide a triple play solution: High speed Internet, telephony and IPTV in Montreal" said Mr. Joseph Bassili, President and Chief Executive Officer of Colba.Net.
Colba.Net is a leading edge telecom company offering very high speed Internet access, telephony services and IPTV at very competitive prices, compared to the price of major telecom and cable companies.
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Certain statements included herein, including those that express management's expectations or estimates of our future performance constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, the Corporation does not intent, and undertakes no obligation, to update any forward-looking statement to reflect, in particular, new information or future events.For further information:
Mr. Joseph Bassili
President and CEO