Axia's Covage Awarded Concession to Operate Submarine Fibre Network between Corsica and Mainland France

CALGARY, Feb. 11 /CNW/ - Axia NetMedia Corporation (Axia) today announced that its French-based company Covage, a joint venture with VINCI Networks, has been awarded the network concession to activate and operate the submarine fibre cable between Corsica and the mainland of France.   

The Territorial Collectivity of Corsica (CTC) selected Covage to operate the submarine fibre network between Corsica and the mainland after an extensive consultation process launched in October 2009. The Corsica concession agreement is for 15 years and Covage's total investment will be €850,000.

The fibre network will utilize three pairs of existing submarine fibre cable between Bastia and Nice which have been made available to Covage by the CTC. Deployment is expected to be completed by the end of 2011.   Covage intends to offer wholesale bandwidth services to operators between its existing network infrastructure on the mainland of France and Corsica which will contribute to increased competition in the Corsica telecom services marketplace. 

Jean-Michel Soulier, President of Covage commented, "We are delighted to support the CTC in its digital development program and provide our experience for the benefit of expanding their digital marketplace."

Axia sells Real Broadband™ and passive services on Next Generation Networks that have implemented the Axia NGN Solution. To date, the Axia NGN Solution has been implemented in Alberta, France, Singapore and Spain. Axia trades on the Toronto Stock Exchange 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:

please visit Axia's website at www.axia.com, or contact:

Dawn Tinling
VP, Investor Relations and Communications
Axia NetMedia Corporation
(403) 538-4074
dawn.tinling@axia.com

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