Toronto, October 22nd / PRNewswire / -- Tucows Inc. (Nasdaq ticker: TCX) (Toronto Stock Exchange ticker: TC) Today, it was announced that its indirectly wholly-owned subsidiary Ting Fiber, LLC ("Ting"), has signed an agreement to transfer its dark fiber network lease in Colorado Springs.
The transfer is expected to be completed by March 31, 2027, but it is subject to meeting the usual delivery conditions. The guarantee provided by the parent company related to Tucows is anticipated to terminate by the end of April 2027, after the delivery has been completed and certain post-delivery obligations have been fulfilled.
Ting will continue to provide services to customers in Colorado Springs during the transition period, which is expected to be completed by no later than June 30, 2027. Customers do not need to take any action at this time and will be notified in advance of any service changes.
"Throughout this process, our top priority has always been the customers of Colorado Springs. Ting will continue to provide the same services and support during the transition period," stated Dave Woroch, President and CEO of Tucows. "This move is also in line with Tucows's ongoing strategic progress towards Ting."
For more information, please refer to the 8-K current report submitted today under Tucows, as well as www.sec.gov and SEDAR.
About Tucows
Tucows helps more people connect to the internet through domain name services, communication technology, and fiber optic infrastructure. Tucows Domains ( https :// tucowsdomains.com ) manages over 21 million domain names and millions of value-added services through a global network of distributors covering 32,000 website hosting providers and internet service providers. Hover ( https :// hover.com ) helps individuals and small businesses easily manage their domain names and email addresses. Wavelo ( https :// wavelo.com ) is a telecommunications software suite for service providers that simplifies mobile and internet network access, activation, billing, subscription management, as well as developer tools, among other functions. Ting ( https :// ting.com ) provides fixed fiber optic internet access and is known for its excellent customer support. For more information, visit the Tucows company website ( https :// tucows.com ).
Tucows, Hover, Wavelo, and Ting are all registered trademarks of Tucows Inc or its subsidiaries.
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations for future financial results. These statements are based on management's current expectations and are subject to a number of uncertainties and risks, and actual results may differ significantly from those described in the forward-looking statements. Information regarding other potential factors that may affect Tucows's business, operating results, and financial condition is contained in the "Risk Factors" section of the documents submitted to the U.S. Securities and Exchange Commission by Tucows. All forward-looking statements should be evaluated with awareness of their inherent uncertainties. All forward-looking statements are based on information available to Tucows as of the date they are made. Except as required by law, Tucows assumes no obligation to update any forward-looking statements.
