Teliphone sells IPTV assets to Coastline
Michelle Clancy | 22-07-2013
Vancouver-based Teliphone Corp has reached an agreement to sell all its IPTV assets to Coastline Broadcasting of Black Creek, British Columbia.
The sale provides for the transfer of all Teliphone's IPTV infrastructure to Coastline, a regional cable provider in British Columbia and member of the Canadian Cable Systems Alliance, which will use the technology as an additional method of distributing digital TV to its current subscribers as well as expanding its service to new subscribers. As a result of the agreement, Teliphone becomes an authorised re-biller of Coastline new media services.
The company will file any required disclosures with the US Securities and Exchange Commission within the prescribed period, it said.
From its origin in 1957 as BC Rail Telecom to its evolution into Teliphone, the company has evolved its portfolio to include voice, data, broadband Internet, IT support, cloud computing, colocation data centres and IPTV service across Canada. Teliphone also operates a US network, and its voice and IPTV services are available in 47 countries.