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
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