Tucows Reports Financial Results for Fourth Quarter, 2021
TORONTO, February 10, 2022 – Tucows Inc. (NASDAQ:TCX, TSX:TC), a provider of network access, domain names and other Internet services, today reported its financial results for the fourth quarter ended December 31, 2021. All figures are in U.S. dollars.
Tucows launches Wavelo, a new software business designed to revolutionize communication service provider capabilities
Wavelo to propel telecom evolution with purpose-built, event-driven software
Jan. 25, 2022 – TORONTO – Today Tucows (NASDAQ: TCX, TSX: TC), a global internet services leader, announced the launch of its newest business, Wavelo. The new company provides accessible telecom software to communication service providers (CSPs) globally, minimizing network barriers and improving internet access worldwide.
Wavelo launches at a critical time for the global telecommunications industry, where providers are competing to deliver more value from their established networks. Wavelo’s suite of flexible, cloud-based software simplifies the management of mobile and internet network access, enabling CSPs to better utilize their existing infrastructure, focus on customer experience and scale their businesses faster.
“In today’s competitive landscape, operators need optionality from their software. They deserve solutions that keep pace with their network innovation and that are flexible enough to integrate seamlessly within their existing operations,” said Justin Reilly, CEO of Wavelo. “Wavelo was launched to do just that. Our cloud-native, event-driven software is the first of its kind and will drive growth and value for operators, ultimately facilitating connectivity for more humans globally.”
Wavelo offers two full-service platforms—Internet Service Operating System (ISOS) and Mobile Network Operating System (MONOS)—which deliver customizable solutions for internet service providers (ISPs) and mobile network operators (MNOs), respectively. Additional a la carte services are also offered, supporting businesses with everything from subscription and billing management, to network orchestration and provisioning, to individual developer tools and more.
“Tucows is a global leader in internet services and SaaS solutions. We have operated in the telecoms industry for over twenty-five years and have always been baffled by the complexity of traditional software,” said Elliot Noss, CEO of Tucows. “Modern software is needed to propel growth in this space, especially as CSPs tackle the last 30% of digital transformation. This is exactly what Wavelo will enable. This software has been used within the Tucows portfolio for years and we’re proud to officially package these solutions under one standalone business.”
Wavelo launches as a proven asset for CSPs, with DISH using Wavelo’s MONOS software to drive additional value within its Digital Operator Platform since early 2021. More recently, Ting Fiber has also integrated Wavelo’s ISOS software to enable faster subscriber growth and footprint expansion.
Wavelo is now Tucows’ third privately owned business, along with Ting Internet and Tucows Domains.
To learn more about Wavelo, its mission and full software suite, please visit www.wavelo.com.
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About Wavelo
Wavelo provides a full suite of flexible, cloud-based software that simplifies the management of mobile and internet network access, provisioning, billing and subscription, developer tools, and more. Its software helps communication service providers minimize technological and network barriers to improve internet access worldwide. Wavelo makes telecoms a breeze.
About Tucows
Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure.
Ting (https://ting.com/internet) delivers fixed fiber Internet access with outstanding customer support. Wavelo is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access, provisioning, billing and subscription, developer tools, and more. OpenSRS (https://opensrs.com), Enom (https://www.enom.com) and Ascio (https://ascio.com) combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (https://tucows.com).
Media Contact:
Madeleine Stoesser
PR and Corporate Communications Lead, Tucows,
mstoesser@tucows.com
Investor Contact:
Lawrence Chamberlain
Loderock Advisors
lawrence.chamberlain@loderockadvisors.com
Ting Internet to become initial anchor tenant on Colorado Springs Utilities’ city-wide fiber network
National fiber internet leader expands its Colorado presence and announces its largest market to date
Jan. 7, 2022, COLORADO SPRINGS, Colo. — Today Ting Internet, a division of Tucows (NASDAQ: TCX, TSX: TC), announced that it is expanding into the Colorado Springs market as the initial anchor tenant on a city-wide fiber network owned by Colorado Springs Utilities.
Serving one of Colorado’s most populous cities, the not-for-profit municipal utility is building next-generation fiber infrastructure that will advance opportunities and improve technological resilience throughout the community for decades to come. Construction on the fiber network will begin by Q3 2022 and is expected to surpass more than 200,000 addresses, bringing modern fiber infrastructure to all of Colorado Springs Utilities’ customers.
“We are honored to support Colorado Springs Utilities; we believe strongly in their vision of scaling local infrastructure, investing in the community and driving prosperity through digital transformation,” said Jill Szuchmacher, executive vice president, Ting Internet. “At Ting, we have several proven operational models that we use to deliver better, more reliable internet to the communities we operate in. A tenant lease on Colorado Springs Utilities’ network benefits all parties involved and provides our team with an excellent opportunity to scale our Colorado presence while focusing our resources on delivering a best-in-class service that delights our customers.”
During the early phases of infrastructure deployment, Ting will focus its efforts on establishing a local presence, making vital connections with enterprises within the community and hiring a dedicated Colorado Springs team. The company expects to be providing fiber internet access to local businesses, enterprises and residents in 2023.
“Our core mission is to provide best-in-class utilities that meet the needs of our thriving community,” said Aram Benyamin, CEO, Colorado Springs Utilities. “Fundamental to our utility services is next-generation fiber connectivity. This non-exclusive network will provide the foundation for a prosperous and smart city of the future. Based on their excellent track record here in Colorado and across the country, we believe that Ting is the ideal initial tenant to help our community experience the true benefits of fiber connectivity.”
To learn more about Ting Internet, its services or the areas in which it operates, please visit tinginternet.com/coloradosprings.
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About Ting Internet
Ting Internet provides Crazy Fast Fiber Internet® in select U.S. towns and cities. Ting Internet is committed to net neutrality and the open internet. More than that, Ting Internet is committed to being a part of improving the communities it serves by supporting and championing local good works. Ting Internet sponsors local programs, events, foundations, festivals, charities, and public services everywhere we go, investing in the future of the towns we serve.
About Tucows
Tucows is a provider of Fiber Internet Services, Mobile Services, Domain Name Services and other Internet services. Ting Internet (https://ting.com/internet) delivers fixed fiber Internet access with outstanding customer support. Tucows’ mobile services enabler (MSE) platform provides network access, provisioning and billing services for mobile virtual network operators (MVNOs). OpenSRS (https://opensrs.com), Enom (https://www.enom.com) and Ascio (https://ascio.com) combined manage approximately 25 million domain names and millions of value-added services through a global reseller network of over 36,000 web hosts and ISPs. Hover (https://hover.com) makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows’ corporate website (https://tucows.com).
Media Contact:
Madeleine Stoesser
PR and Corporate Communications Lead, Tucows,
mstoesser@tucows.com
Investor Contact:
Lawrence Chamberlain
Loderock Advisors
lawrence.chamberlain@loderockadvisors.com
