Recently, via our Infrastructure Debt Fund, Fiera Private Debt has provided a fixed-rate term credit facility to North Frontenac Telephone Elgin and Haliburton Corp., entities of NFTC, for the buildout of fiber internet digital infrastructure in rural Ontario.
Unlike some internet service providers that resell services and packages, the project will construct a fiber network and therefore own the infrastructure. The project will build and connect smaller communities to upgrade their internet services as well as provide phone, cable and internet. The network will offer improved, reliable, high-speed internet to rural communities at competitive prices resulting in more jobs in local areas stemming from improved connectivity.
North Frontenac Telephone Company (NFTC) is an independent telecommunications company that provides internet, television, home phone and security services to rural communities across Ontario since 1956.