Rural broadband project receives $55M infusion

WOODSTOCK, NB - Rural broadband provider Barrett Xplore has received a $55 million private investment that it says will allow it “to move aggressively” to build Canada's first national fourth-generation broadband network.The new investment consists of $30 million from existing investors and $25 million in new equity investment from Catalyst Investors and Werklund Capital Corporation."The range and size of these investments are a clear endorsement of the Barrett Xplore Inc. mission, business model and vision of making Canada an international rural broadband leader", said CEO John Maduri, in a statement. "This investment allows us to finish the job we started:...