OmniGlobe Dives Into Expansion Waters With Financing

OmniGlobe Networks, Inc. has received $3 million in financing from the Bank of Montreal (BMO), the Business Development Bank of Canada (BDC), and FIER CPVC Montreal L.P. OmniGlobe is a global telecommunications company that provides affordable satellite and WiMAX broadband Internet and VoIP services to various geographic regions around the world where terrestrial telecommunications are unavailable, unreliable, or too expensive. The financing will be used to expand the company’s operational capabilities in the Canadian marketplace, as well as develop new opportunities in the Middle East and North Africa.




“The key to our growth strategy is developing new and innovative ways to reduce the cost of satellite bandwidth to improve our value proposition for our customers,” said OmniGlobe Network’s CEO, Jason Neale. “This round of funding is a vote of confidence that validates this strategy, as well as the market potential for global broadband Internet and VoIP services that are affordable and universally accessible.”—Montreal, Quebec