The CIB and Innovation, Science and Economic Development Canada (ISED) have agreed to collaborate to encourage and jointly assess and enable large broadband projects within ISED’s Universal Broadband Fund.
As the CIB works with ISED to promote the development and funding of large broadband projects, we expect large ISPs to bring forward large broadband projects across Canada, and small to medium sized ISPs to do the same in regions where smaller projects could have a material impact on communities.
The CIB will provide significant capital across senior debt, subordinated debt, or equity investments. These investments will be made alongside contributions from ISED (and potentially provincial programs) and private capital from ISPs and private investors to connect hundreds of thousands of households across Canada to broadband internet.
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