The assets of locally owned and operated fibre Internet company, NanoFibre Networks Inc., have been sold to Shaw Communications, in a deal that was sealed on June 16th.
NanoFibre was incorporated in 2006, and since then have installed a fibre network that spans throughout the Columbia Valley.
“We have grown our network but required substantial new investment to implement more services and continue expansion through the Columbia Valley,” said Mark Halwa, President of NanoFibre.
President of Shaw Communications, Peter Bissonnette, confirmed the sale.
“The acquisition complements our existing cable properties in the area and we look forward to providing high quality services to residents throughout the area.”
Mr. Bissonnette was unable to answer whether current NanoFibre customers should expect a change in service, or whether NanoFibre will continue to operate under the same name, with the same staff, and from the same building.
“Ultimately, they may be integrated into our overall customer base,” he did say.
Because of contractual obligations Mr. Halwa was also unable to comment, but he added, “We have an awful lot invested in this, and not just money, but personal relationships as well. We want this to be a very smooth transition … We’re here, and we’re working as we always have, which is in the best interest of our customers.”