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Axia’s Covage to expand fibre network in France

telecom | 10/13/2015 2:29 pm EDT

Calgary-based Axia NetMedia Corp. said Tuesday that the French telecom-service provider Covage, of which it owns 50 per cent, will extend its enterprise fibre network in France by about 50 per cent. Axia said in a press release it will bring its fibre-to-the-office offerings to Grand Lyon, which has a population of 1.3 million and an addressable market of 22,340 businesses and government sites. It added it would invest up to 11 million euros ($16 billion Cdn) in the network expansion over the next five years, though that could be reduced by up to 40 per cent as a result of long-term debt financing Covage is seeking. The company said construction on this expansion would begin next year, with its first revenues realized in 2017....