CALGARY – Axia NetMedia Corporation has announced that its French company, Covage, has been awarded an agreement to partner with local governments to deploy a Fibre-to-the-Home (FTTH) network in Seine-et-Marne, France.
The department of Seine-et-Marne has a population of 1.3 million and is located east of Paris, in the region of Île-de-France. The network will pass 319,000 homes when complete. Covage owns and operates the Sem@for77 regional network, which is also located in Seine-et-Marne.
The new network will be funded by a combination of private capital, operating cash flow and government grants, and network construction is expected to begin later this year.
"Covage is the leading independent, pure-play fibre operator in the French market and we remain excited by the growth opportunity in France”, said Axia chairman and CEO Art Price, in the news release. “This growth will be driven by Covage increasing its penetration in existing markets and by winning new networks, such as Seine-et-Marne. We continue to view FTTH as a major opportunity for Covage and the Seine-et-Marne win reinforces this view. We look forward to further network wins expanding the scale of Covage's FTTH operations, with the potential to significantly increase the number of homes Covage passes or has under construction, which now stands at 354,000."
With networks in Alberta, France and Massachusetts, Axia sells services over fibre optic communications infrastructure.
