Xplore announces financing agreement to fund expansion of fibre and 5G fixed wireless networks

Rural broadband provider Xplore Inc. announced Monday it has reached an agreement in principle for new debt and equity financing to fully fund its ongoing expansion of fibre-to-the-home networks in rural communities across Canada and the upgrade of its fixed wireless networks to 5G technologies. The investment will be led by Xplore’s existing shareholder, New York private equity firm Stonepeak Infrastructure Partners, and certain lenders, said a press release. Xplore’s other lenders will have the opportunity to participate “on substantially similar terms”, said the release, which did not disclose what those terms are. “We are excited about this investment, which will enable...