Tucows Inc - TCX STOCK NEWS

Ting Internet, a division of Tucows (NASDAQ: TCX), is set to expand its fiber internet services in Colorado, beginning with a city-wide network in Durango. Starting spring 2022, this initiative aims to enhance local connectivity for residents and businesses, providing higher speeds and reliable service. Ting's previous acquisition of Cedar Holdings Group is pivotal for this expansion, which also includes plans for future builds in Cortez and other Western Slope locations. Ting's mission is to unlock economic development through improved internet access.

Ting Internet, a division of Tucows (NASDAQ: TCX), has launched its fiber internet service in Encinitas, California, marking its fourth market in Southern California. The rollout aims to provide high-speed internet access to nearly 26,000 addresses, with full municipal access expected by the end of 2023. Plans start at $89 per month for gigabit speeds of 1,000 Mbps. Ting’s goal is to enhance connectivity in areas with infrastructure challenges, and it's committed to offering reliable internet through dedicated bandwidth and excellent customer support.

Tucows has approved a $40 million stock buyback program to repurchase its common stock over the next year. This buyback will commence on February 11, 2022, and run until February 10, 2023, replacing the previously announced buyback program. All repurchased shares will be retired and returned to treasury. The buyback will be funded through available working capital and existing credit facilities. As of February 9, 2022, Tucows had 10,753,079 shares outstanding.

Tucows reported its Q4 2021 financial results, highlighting net revenues of $82.5 million, a 17% increase from Q4 2020, driven by growth in Fiber Internet and Mobile Services Enabler businesses. Gross profit rose 41% to $24.6 million. However, the company faced a net loss of $2.0 million, a significant decline compared to a $2.1 million profit in Q4 2020, and adjusted EBITDA decreased slightly by 0.9%. The company reported a notable increase in capital expenditures and substantial growth in its customer base, positioning itself for future revenue opportunities.

Tucows Inc. (NASDAQ: TCX) will release its fourth quarter 2021 financial results on February 10, 2022, at 5:05 p.m. ET. A pre-recorded audio commentary on the quarter and future outlook will be available at 6:00 p.m. ET the same day on their website. Shareholders can submit questions to management until February 18, with responses posted by February 25. Tucows is dedicated to expanding internet access through its various services, including Ting, Wavelo, and OpenSRS.

Tucows has launched Wavelo, a new telecom software business aimed at enhancing the capabilities of communication service providers (CSPs). This cloud-native software simplifies mobile and internet network management, enabling CSPs to maximize their existing infrastructure and improve customer experience. Wavelo offers two primary platforms: ISOS for internet service providers and MONOS for mobile networks, along with bespoke services. The launch comes as the telecom industry seeks modern solutions to drive growth and connectivity.

Ting Internet, a division of Tucows (NASDAQ: TCX), is expanding into Colorado Springs, marking its largest market to date. As the initial anchor tenant on a city-wide fiber network owned by Colorado Springs Utilities, Ting aims to enhance local infrastructure. Construction is set to begin in Q3 2022, reaching over 200,000 addresses. Ting plans to establish a local team and connect with local enterprises, providing fiber internet access in 2023. This partnership supports Colorado Springs Utilities’ goal of advancing technological resilience within the community.

Tucows (TCX) announced the expansion of its Ting Internet service into Colorado Springs, marking its largest market to date. This venture involves being the initial anchor tenant on a new city-wide fiber network developed by Colorado Springs Utilities. Construction is set to begin in Q3 2022, aiming to reach over 200,000 addresses by 2023.

Ting is committed to enhancing local infrastructure and plans to hire a dedicated local team while establishing connections with the community, thus driving growth and technological resilience in Colorado Springs.

Tucows (NASDAQ: TCX) has published its first employee representation report, emphasizing a benchmark-free approach to inclusivity and diversity. The company aims to create a workplace where employees feel valued and empowered. Over 90% of employees participated in a 2021 survey, with 87% believing in equal opportunities for all backgrounds. Tucows utilizes specialized job boards and tools to attract diverse applicants. The organization plans to release annual updates on its inclusivity efforts to ensure accountability and continuous improvement.