Power Sustainable Infrastructure Credit has closed a CAD $110M financing deal to support telMAX's expansion of its fibre optic broadband network in the Greater Toronto Area.

Information on the Target

telMAX, headquartered in the Greater Toronto Area, is a leading provider of 100% fibre optic internet, telephone, and television services to both residential and business customers. Recognized as Canada’s fastest internet service provider by PC Magazine for three consecutive years, telMAX has a strong commitment to community engagement, employing local staff and supporting various community development initiatives. The company is dedicated to enhancing customer experience through its award-winning, independent fibre optic network, which is continually expanding to reach more communities.

This recent financing marks a significant milestone for telMAX, as it will facilitate the expansion of its multi-gigabit broadband network throughout the Greater Toronto Area (GTA), further establishing the company as a leading high-speed broadband provider in the region.

Industry Overview in Canada

The telecommunications industry in Canada has experienced considerable growth in recent years, driven by escalating demands for high-speed internet connectivity. With the advent of technologies such as 5G and fibre optics, the sector has evolved rapidly to c