CALGARY, Sept. 12, 2012 /CNW/ - Axia NetMedia Corporation (Axia) today announced that its French-based company Covage has been chosen
by the Communities of Agglomeration Havraise and Communes of
Saint-Romain Colbosc to sell next generation network (NGN) services for a period of seven years to Retail Service Providers (RSPs), enterprise and public customers. The NGN will be comprised of 181
kilometres of fibre infrastructure. The communities will fund the
construction of the network. Covage's total investment is projected to
be €1.3 million for electronic equipment and customers' connections.
Construction will take 12 to 24 months and marketing of services is
expected to begin next September.
Jean-Michel Soulier, President of Covage commented, "The Seine Estuary
Network, as it will be branded, is located in Northern France and close
to our Caen Network. The potential market is estimated at over 1,900
companies and public sites. Many of our 100 RSP customers have already
indicated their interest in providing services in the area."
With the addition of Seine Estuary, Covage's nationwide fibre
infrastructure network will now include 19 regional network segments
and a 3,700 km national fibre network backbone.
Axia sells services over fibre optic communications infrastructure in
jurisdictions that have implemented the Axia NGN Solution. Axia has
networks in Alberta, France, Singapore, Spain and Massachusetts. Axia
trades on the TSX under the symbol "AXX".
This News Release contains forward-looking statements, including,
without limitation, statements containing the words "should",
"believe", "anticipate", "may", "plan", "will", "continue", "intend",
"expect", "estimate" and other similar expressions which constitute
"forward-looking information" within the meaning of applicable Canadian
securities laws. These statements are based on our current
expectations, estimates, forecasts and assumptions about the operating
environment, economies and markets in which we operate and are subject
to important assumptions, risks and uncertainties that are difficult to
predict. Examples of these statements would include those where Axia
forecasts its success and timing in winning new NGN business, the
timing of completion and estimated total costs of our networks, the
revenues and operating costs associated with these networks over time,
and Axia's ability to generate future cash flows and avail itself of
other financing alternatives given current market conditions. The
assumptions, risks and uncertainties that could cause actual results to
differ materially from the forward-looking information, include, but
are not limited to, changes in customer markets, changes in demand for
our services, our inability to deliver services in a timely and cost
efficient manner, technological change, general economic conditions and
other risks detailed from time to time in our ongoing filings with the
Canadian securities regulatory authorities, including those in our
Annual Information Form, which filings can be found at www.sedar.com.
Given these assumptions, risks and uncertainties, readers are cautioned
not to place undue reliance on such forward-looking statements. Unless
otherwise required by applicable securities laws, we undertake no
obligation to publicly update or revise any forward-looking statements
either as a result of new information, future events or otherwise.
SOURCE: Axia NetMedia Corporation
For further information:
For further information, please visit Axia's website at www.axia.com, or contact:
VP, Investor Relations and Communications
Axia NetMedia Corporation