Colba.Net to continue offering high speed unlimited Internet downloads access to its clients

MONTREAL, Feb. 15 /CNW Telbec/ - Colba.Net Inc. (CNSX: CB), a leading telecommunications company in Quebec announced today that it would continue to offer unlimited high speed Internet downloads usage and access to its clients within its adsl2+ footprint despite a recent Canadian Radio-Television and Telecommunications Commission ("CRTC") decision regarding the implementation of usage-based billing rates ("UBB"). As a result of public pressure and concerns recently expressed, the CRTC announced on February 3, 2011 that it would delay the implementation of UBB for wholesale customers by 60 days and that it would launch a review of its previous decision to verify that consumers interests are protected, heavy Internet users pay for their excess usage and small Internet Service providers retain maximum flexibility.

UBB rates are usually based on a flat-rate component whereby access is provided with a pre-set amount of monthly usage and usage above pre-set thresholds is subject to further charges. Colba.Net ADSL2+ footprint which covers more than 500,000 households with speed of up to 24 Mbit/s unlimited download is offered at a price under $20 per month if fully paid upon subscription.  

Commenting on the UBB industry regulation, Mr. Joseph Bassili, Colba.Net's President, stated "Colba.Net's successful business model has been built on offering the best possible value to our clients in order to differentiate ourselves from the competition. As such, we intend to continue providing our clients with unlimited Internet download usage and access. Colba.Net can offer this service as it is one of the very few telecom companies collocated in the Bell central offices thereby using its very own equipment to provide its own Internet access."

About Colba.Net

Colba.Net is a leading edge telecom company offering very high speed Internet access and telephony services at half the price of the major telecom and cables companies.

Disclaimer in regards to Forward-looking Statements

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 intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

SOURCE Colba Net Inc.

For further information:

Mr. Joseph Bassili
President and CEO
Colba.Net Inc.

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Colba Net Inc.

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