TeraGo Inc.is on track to complete its planned 5G core network expansion projects for 2021, in preparation for deploying 5G fixed wireless access services to its existing customer base and 5G private networking applications for new customers.
Using proceeds from the capital raise completed earlier this year, TeraGo has been investing capital to increase capacity and throughput in its core network and to its wireless hub sites. This initiative is necessary to provide the network bandwidth that 5G fixed wireless access and private networks will require. 5G private networking applications are expected to take advantage of the security, high speed, and low latency that TeraGo's licensed mmWave spectrum offers. To enable these new applications, TeraGo is expanding its overall network capacity this year by five to six times its pre-expansion levels.
"We continue to diligently work through our network upgrade plan, which includes over 50 projects that we expect to complete by year-end,Some of these projects include things like new fiber optic connections to our hub sites and core network link upgrades to 100 Gbps. We have completed over 40 of these projects to date and are currently on track to achieve our project objectives by the end of the calendar year. We will continue to target installing some of our first customer pilot installations over the next couple of months and remain confident in our ability to establish TeraGo as one of the first operators to launch commercial mmWave 5G fixed wireless and private networking services in Canada."
-Matthew Gerber, Chief Executive Officer at TeraGo
About TeraGo
TeraGo owns a national spectrum portfolio of exclusive 24 GHz and 38 GHz wide-area spectrum licenses including 2,120 MHz of spectrum across Canada's 6 largest cities. TeraGo provides businesses across Canada with cloud, colocation and connectivity services. TeraGo manages over 3,000 cloud workloads, operates five data centres in the Greater Toronto Area, the Greater Vancouver Area, and Kelowna, and owns and manages its own IP network. The Company serves business customers in major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg.