Tucows, Inc - TCX STOCK NEWS

Tucows Inc. (NASDAQ: TCX) has announced the acquisition of Simply Bits, a prominent fixed wireless network service provider in Tucson, Arizona. This strategic move will allow Ting Internet, a Tucows subsidiary, to enter the Southern Arizona market swiftly, leveraging Simply Bits' existing infrastructure and customer base of approximately 4,500. The acquisition will enhance Ting's market presence and service offerings, particularly in Pima, Pinal, Santa Cruz, and Cochise counties. The deal is expected to close in Q4 2021, subject to regulatory approvals.

Tucows (NASDAQ: TCX) announced the acquisition of UNR Corp.'s registry platform service on October 1, 2021. This transaction enhances Tucows' domain services and includes the addition of 10 skilled industry professionals with over 150 years of collective experience. David Woroch, Tucows' Executive VP, emphasized the value of integrating UNR's team and technology to strengthen their domain business. Frank Schilling, CEO of UNR, expressed confidence in Tucows managing the registry platform, marking a significant step in Tucows' growth strategy.

Tucows (NASDAQ: TCX) has appointed Marlene Carl, an investment management expert from MEDIQON Group AG, to its board of directors. With a focus on digital infrastructure financing, especially in fiber-to-the-home projects, her expertise aligns with Tucows' expansion strategy. CEO Elliot Noss expressed confidence in her ability to enhance the company's service offerings. Concurrently, Rawleigh H. Ralls stepped down from the board after 11 years of service on September 7, 2021. These changes indicate Tucows' commitment to leveraging experienced leadership to further its internet services portfolio.

Tucows has reported its Q2 2021 financial results, with net revenue of $75.1 million, an 8.6% decline from $82.1 million in Q2 2020, primarily due to the sale of Ting Mobile customer relationships to DISH.

Gross profit decreased by 20.6% to $18.2 million. Despite these declines, the company saw a net income increase to $1.8 million, or $0.17 per share.

Above all, Tucows reported strong growth in Domain Services and Fiber Internet Services, indicating resilience in its business model.

Tucows Inc. (NASDAQ: TCX) will release its Q2 2021 financial results on August 5, 2021, at 5:05 PM ET. A pre-recorded audio commentary will be available simultaneously on the Tucows website. Investors can submit questions to management until August 11, 2021, with responses posted on August 17, 2021. The company offers services in network access, mobile technology, and domain management, handling around 25 million domain names through a wide reseller network.

Ting Internet, a division of Tucows (NASDAQ: TCX), has launched its fiber internet service in Culver City, California, marking a significant expansion of its operations. This service offers enhanced bandwidth and reliability compared to traditional cable internet. Alongside the launch, Ting introduced a community program aimed at addressing the digital divide by providing free internet access to over 300 affordable housing units in the city. Pricing starts at $89 per month for home service and $139 for business gigabit internet.

Ting Internet, a division of Tucows, has launched free Wi-Fi at Centennial Center Park in Centennial, Colorado, enhancing the experience for park visitors. The initiative, announced on July 6, 2021, provides wireless hotspots capable of supporting thousands of users, making it a valuable addition during the summer season. The park, spanning 11 acres, features amenities such as a playground and splash pad, attracting many guests. Ting's commitment to improving community access to the internet reflects its mission to lower barriers for connectivity.

Tucows has announced that its Ting Internet service is now available in Rolesville, North Carolina, marking its fourth launch in the state. The fiber internet service offers higher bandwidth and less signal interference than traditional cable, enhancing user experience for both residents and businesses. Starting prices are $89 per month for home service and $139 for businesses. This expansion follows previous rollouts in nearby towns and responds to increasing demand for reliable internet as more individuals work from home.

On June 3, 2021, Ting Internet, part of Tucows (NASDAQ: TCX), announced a five-year partnership to rename Charlottesville Pavilion as Ting Pavilion. The venue opens its 2021 season on June 18, featuring the return of the Fridays After Five concert series. Ting Internet has served the Charlottesville community since 2014, expanding its fiber internet services and supporting local initiatives. Venue management emphasizes community engagement and economic impact. City Council approval for the name change is expected on June 7, 2021.