Axia's Covage Expands with Network Win in the Urban Community of Nantes

CALGARY, Nov. 17, 2011 /CNW/ - Axia NetMedia Corporation (Axia) today announced that its French-based company Covage has been awarded a 25 year network agreement to operate the existing Nantes Urban Community Network (Nantes Network) as well as build and operate Fibre to the Premise (FTTP) extensions to enterprises and business parks in the region.  The community of Nantes is in the west of France, has 24 municipalities and a population of 590,000 people.  The agreement is expected to be signed in late November 2011 with commencement of the work in January 2012. Network deployment is expected to be completed within 18 months.

The Nantes Network will include 357 kilometres of fibre, of which 170 kilometres are already built. The Nantes Network currently connects main public service sites (health facilities, universities, local administrations). Following the transfer of these customers to Covage, the Nantes Network will begin to contribute revenues to Covage.

Covage's total investment is projected to be €10.0 million. Once the network FTTP extensions are complete, Covage will sell next generation network services to retail service providers in the area.

Jean-Michel Soulier, President of Covage commented, "Covage is pleased to have won this opportunity to provide services in Nantes to both public and enterprise customers.  The Nantes Network will connect to our backbone infrastructure which, coupled with our suite of services, will make an attractive offering to our existing and new customers."

About Axia

Axia sells services over fibre optic communications infrastructure in jurisdictions that have implemented the Axia NGN Solution. To date, 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  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, or contact:

Dawn Tinling
VP, Investor Relations and Communications
Axia NetMedia Corporation
(403) 538-4074

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