Power Sustainable Infrastructure Credit has secured CAD $85 million to finance Canadian Fiber Optics Corporation's expansion of broadband internet services in rural Western Canada.

Information on the Target

Canadian Fiber Optics Corporation (CFOC) is a Calgary-based company that specializes in the design, construction, and operation of fiber optic networks. Since its establishment in 2017, CFOC has made significant strides in enhancing broadband connectivity, especially in rural and remote areas. The company has constructed over 1,000 kilometers of fiber optic infrastructure, which has reached more than 16,000 premises, resulting in over 4,000 active subscribers as of December 31, 2024. CFOC is dedicated to providing high-speed internet services to residential, commercial, and enterprise customers.

The ownership structure of CFOC includes prominent investment partners such as Tikehau Star Infra and the Bloomer Family Office, which underscores the strength and potential of the company’s business model in addressing the connectivity challenges faced in underserved regions of Western Canada.

Industry Overview in Canada

The digital infrastructure sector in Canada is experiencing substantial growth, driven by increasing demand for high-speed internet access. Rural and Indigenous communities often remain disadvantaged in this regard, facing significant gaps in reliable broadband services. According to a report by the Alberta Gover