Ting

Tucows Reports Financial Results for Third Quarter 2023

Retrieved on: 
Thursday, November 2, 2023
TC, TCX, EBITDA, Growth, Internet, Depreciation, Investment, TSX, ABS, Cryptocurrency, Bank, Video game, Ting, Tucows

TORONTO, Nov. 2, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • TORONTO, Nov. 2, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the third quarter ended September 30, 2023.
  • Consolidated net revenue for the third quarter of 2023 increased 11.4% to $87.0 million from $78.1 million for the third quarter of 2022.
  • Gross profit for the third quarter of 2023 decreased 6.7% to $16.8 million from $18.0 million from the third quarter of 2022.
  • Adjusted EBITDA1 for the third quarter of 2023 decreased 43.2% to $4.5 million from $7.9 million for the third quarter of 2022.

TING SELECTED AS BLUE SUEDE NETWORKS' FIBER INTERNET SERVICE PROVIDER

Retrieved on: 
Wednesday, November 1, 2023
Small business, Affordable Connectivity Program, TC, TCX, Research, Internet, City, ACP, ESPN, Marketing, Partnership, Ting Inc., TSX, Cable television, Video game, Ting, Tucows

MEMPHIS, Tenn., Nov. 1, 2023 /PRNewswire/ - Ting Internet , a division of Tucows (NASDAQ: TCX) (TSX: TC), announced that it has been selected to provide fiber internet service to Memphis residents, businesses, and institutions in partnership with Blue Suede Networks.

Key Points: 
  • MEMPHIS, Tenn., Nov. 1, 2023 /PRNewswire/ - Ting Internet , a division of Tucows (NASDAQ: TCX) (TSX: TC), announced that it has been selected to provide fiber internet service to Memphis residents, businesses, and institutions in partnership with Blue Suede Networks.
  • "Serving communities like Memphis is exactly why Ting got back to being an ISP—to bring fiber internet service to underserved cities."
  • Once complete, the network has the opportunity to serve up to 315,000 addresses with Ting operating at launch as the exclusive residential and small business internet service provider.
  • Memphis residents can visit tinginternet.com/memphis to sign up for construction updates and be notified when Ting service is available at their address.

Ting launches 2-gigabit fiber internet in Colorado Springs

Retrieved on: 
Tuesday, August 15, 2023
Digital divide, Internet, Electricity, Ting Inc., Affordable Connectivity Program, TCX, Ting, Data-rate units, Water, Centennial, Council, Chairperson, TSX, City, Community engagement, TC, ACP, Cable television, Internet service provider, Tourism, Online shopping, Tucows

As initial anchor tenant on Colorado Springs Utilities network Ting lights largest market to date, bringing fast, reliable fiber internet to local residents

Key Points: 
  • As initial anchor tenant on Colorado Springs Utilities network Ting lights largest market to date, bringing fast, reliable fiber internet to local residents
    COLORADO SPRINGS, Colo., Aug. 15, 2023 /PRNewswire/ - Ting Internet , a division of Tucows (NASDAQ: TCX) (TSX: TC), has announced its 2-gigabit fiber internet is now available in initial Colorado Springs neighborhoods.
  • "As a resident of Colorado Springs, I'm proud to be a part of the team bringing this world-class offering to my own community and providing fiber internet service throughout our city."
  • Ting was identified as the initial anchor tenant on a city-wide fiber network owned by Colorado Springs Utilities in early 2022.
  • Any Colorado Springs customer who pre-orders Ting Internet can also immediately get unlimited Ting Mobile for $10 per month per line, an offer that is available to all Ting Internet customers.

Tucows Reports Financial Results for Second Quarter 2023

Retrieved on: 
Thursday, August 3, 2023
The Post-Pandemic World Order, Internet, TCX, ABS, EBITDA, Investment, TSX, Growth, Depreciation, TC, Video game, Tucows, Ting, Domain

TORONTO, Aug. 3, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • TORONTO, Aug. 3, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, today reported its financial results for the second quarter ended June 30, 2023.
  • "Our second quarter results continue to show the potential of the Tucows growth businesses, said Elliot Noss, Tucows President and CEO.
  • Consolidated net revenue for the second quarter of 2023 increased 2.3% to $85.0 million from $83.1 million for the second quarter of 2022.
  • Gross profit for the second quarter of 2023 decreased 18.2% to $18 million from $22.1 million for the second quarter of 2022.

Ting completes $239 million asset-backed securitization to support its fiber network expansion in the U.S.

Retrieved on: 
Thursday, May 4, 2023
Tucows, LLP, Note, Person, Sale, TCX, Ting, Goldman Sachs, Regulation, TSX, Growth, Paul, Weiss, Rifkind, Wharton & Garrison, TC, Security (finance)

TORONTO, May 4, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), announced today that its subsidiary, Ting Fiber, LLC ("Ting"), has closed an offering by certain of its subsidiaries for $239 million.

Key Points: 
  • TORONTO, May 4, 2023 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), announced today that its subsidiary, Ting Fiber, LLC ("Ting"), has closed an offering by certain of its subsidiaries for $239 million.
  • "With this facility we have created an efficient, evergreen financing vehicle," said Ting CEO and Tucows President and CEO, Elliot Noss.
  • "That lets us focus on what we do best – adding customers to the network and running an efficient Internet Service Provider."
  • Goldman Sachs acted as placement agent on the deal and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Ting.

Ting Internet lights largest market to-date, bringing fast, reliable fiber Internet to Alexandria, Virginia

Retrieved on: 
Tuesday, March 14, 2023
Eero, Internet access, Ting Inc., Data-rate units, City, TSX, Affordable Connectivity Program, ISP, TCX, Farmer, Internet, TC, GameChanger, ACP, Partnership, Internet service provider, Online shopping, Tucows, Ting, Lenovo

Known for its world-class customer support and dedication to the communities in which it operates, Ting provides lightning-fast, low latency, ultra reliable Internet for local residents and businesses.

Key Points: 
  • Known for its world-class customer support and dedication to the communities in which it operates, Ting provides lightning-fast, low latency, ultra reliable Internet for local residents and businesses.
  • "We believe in making the Internet better, and that means improving Internet access and Internet choice for the communities in which we operate," said Elliot Noss, CEO of Tucows and Ting Internet.
  • The city-wide fiber infrastructure is built by Ting via microtrenching—an innovative and efficient process that minimizes community disruption when placing fiber underground, protecting Internet connections from drastic weather.
  • Plans for businesses enterprises and bulk services are fully customizable and can be created with the Ting Internet enterprise team.

Wavelo recognized as Best New Service of the Year in 2022 Best in Biz Awards

Retrieved on: 
Wednesday, January 18, 2023
BSS, ISOS, Digital, Network address, CSPS, DISH, Silver, Rich Communication Services, Growth, Software, Service provider, Software as a service, OSS, Ting, Gold, Internet, Mobile phone

TORONTO, Jan. 18, 2023 /PRNewswire/ - Wavelo , a modern, cloud-based platform that simplifies OSS and BSS technology management, has been named a Silver winner in Best New Service as part of the 2022 Best in Biz Awards .

Key Points: 
  • TORONTO, Jan. 18, 2023 /PRNewswire/ - Wavelo , a modern, cloud-based platform that simplifies OSS and BSS technology management, has been named a Silver winner in Best New Service as part of the 2022 Best in Biz Awards .
  • "We are honored Best in Biz Awards recognized Wavelo as a Best New Service.
  • With Wavelo's ISOS platform, Ting Fiber has automated critical business services and made significant improvements in customer service while reducing operating costs.
  • For a full list of gold, silver and bronze winners in Best in Biz Awards 2022, please visit: http://www.bestinbizawards.com/2022-winners .

Ting Fiber, a subsidiary of Tucows, secures up to $200 million USD in financing from Generate Capital

Retrieved on: 
Tuesday, August 9, 2022
Multimedia, City, Organic, Internet, CEO, Name, Senior, PBC, TC, Technology, Telecommunication, TSX, Internet service provider, TCX, SunLight General Capital, Foundation, Acquisition, Transport, Water, NASDAQ, Generate, University, Solution, Internet access, Efficiency, USD, Adoption, Renewable energy, Security (finance), Tucows, Ting

Both Ting and Generate are committed to building and operating infrastructure that supports resilient and decarbonized communities.

Key Points: 
  • Both Ting and Generate are committed to building and operating infrastructure that supports resilient and decarbonized communities.
  • "But most importantly, we respect and trust the team at Generate and look forward to working together for years to come."
  • Signed on August 8, 2022, this financing agreement provides Ting preferred equity of up to $200 million USD with no warrants attached, and with $60 million USD funded on close.
  • The subsequent $140 million USD will be advanced as Ting achieves predetermined operational milestones.

Ting Internet to bring next-generation fiber internet to Alexandria, Virginia

Retrieved on: 
Monday, May 16, 2022
Open, Internet, City, Net neutrality, Organic, Telecommunication, Multimedia, NASDAQ, Digital divide, Marketing, TSX, Partnership, Program, Name, Foundation, Internet access, TC, TCX, ISP, Internet service provider, Cable television, Mobile phone, Online shopping, Tucows, Ting

"We are incredibly honored to begin serving the people of Alexandria and to introduce the community to reliable, future-proof fiber internet," said Jill Szuchmacher, Executive Vice President, Ting Internet.

Key Points: 
  • "We are incredibly honored to begin serving the people of Alexandria and to introduce the community to reliable, future-proof fiber internet," said Jill Szuchmacher, Executive Vice President, Ting Internet.
  • "Fiber internet brings significant economic opportunity and technological resilience to communities, benefiting local residents and businesses for decades to come."
  • As part of this program, Ting will provide fiber internet access to select affordable housing units, at no cost to residents.
  • Ting Internet provides Crazy Fast Fiber Internet in select U.S. towns and cities.

Ting Internet to build a state-of-the-art esports gaming lab at two Charlottesville high schools, the first of four national installations

Retrieved on: 
Thursday, April 21, 2022
Monticello High School, Digital divide, Foundation, Internet, Marketing, TCX, Telecommunication, NASDAQ, Charlottesville High School, Science, Engineering, Video game, Technology, Student, Internet access, TSX, City, Internet service provider, Name, Industry, Multimedia, Partnership, School, TC, Organic, Online shopping, STEAM, Ting, Tucows

"At Ting, we believe wholeheartedly in supporting our communities, lowering digital divide, improving accessibility and giving back in meaningful ways," said Zuri Stanback, head of marketing at Ting Internet.

Key Points: 
  • "At Ting, we believe wholeheartedly in supporting our communities, lowering digital divide, improving accessibility and giving back in meaningful ways," said Zuri Stanback, head of marketing at Ting Internet.
  • These new esports labs are the first of four that Ting will install in high schools across the country this year.
  • To bring the excitement of esports to the broader Charlottesville community, Ting is also hosting an inaugural two-day gaming event at the upcoming Tom Tom festival.
  • Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure.