On Wednesday, for Atlantic Canada, a full suite of its services has been launched by the VMedia, after which another option for phone, internet, television and home security service has become available to the region.
With its availability of extended services to Canadian homes in all 10 Atlantic provinces from coast to coast, VMedia has been achieving its goal to provide a better alternate for these services from the existing major players.
Heavily dominated by 5 major companies including Telus, Quebecor, Shaw/Corus, Rogers and Bell, The Canadian telecommunication industry remained a reputably closed market for the new comers.
VMedia known for its comparatively cheaper packages of home security, phone, television and internet, is an independent telecom service provider headquartered at Vaughan, Ontario and founded in 2013 by Burger and Alexei Tchernobrivets.
Comparing with the big dominating telcos, VMedia has been offering its package about $8 per month cheaper than the others.
Since its inception, VMedia has been gradually accelerating its growth plans, providing TV services through IPTV (television over internet protocols) licensed by CRTC to offer TV services across the country and its current move of expanding services over Atlantic provinces has increased its presence in the market.
Earlier at the end of October, VMedia, by announcing a proposed reverse takeover of an oil company, has been moving forward to become a public company.
With the royalty interests in British Colombia and Alberta and cross the border in Ecuador, and valued at $7.3 million, Pheonix is a junior oil and gas company listed on the TSX Venture.
But VMedia’s proposed move is not only a way just for raising money for business expansion but is also an indicator of its strategy for growth as this will eliminate the expense and hassle of an IPO for VMedia to get access to capital market.