TORONTO, Dec. 16, 2012 (GLOBE NEWSWIRE) -- Toronto based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications, is pleased to announce completion of its acquisition of Teliphone Navigata-Westel Inc.
On December 11, 2012, Teliphone Corp. completed the purchased Teliphone Navigata-Westel Inc. in a share exchange agreement with the company.
Pursuant an Asset Purchase Agreement executed on November 30 2012, Teliphone Navigata-Westel acquired assets related to the business of providing telecommunications services, including voice, data and internet services, to service providers and end users, using its national MPLS-enabled data backbone, microwave backhaul network in British Columbia, and carrier points of interconnection in Vancouver, Toronto, Seattle, Los Angeles, and New York.
About Teliphone Corp. / Teliphone Navigata-Westel Inc.
From its origin in 1957 as BC Rail Telecom, to its evolution into Teliphone Navigata-Westel, the company is now one of the largest independent facilities-based Competitive Local Exchange Carrier in Canada providing voice, data, broadband Internet, IT support, Cloud computing, Next Layer co-location data centres and IPTV service across Canada. Teliphone services carriers, business, government and residential customers on a national network which includes a wireless backhaul network, a trans-Canada SONET fibre optic network and multiple CLEC/ILEC mutual CO facilities. Teliphone also operates a US network and its voice and IPTV services are available in 47 countries.
Forward-Looking Statements
This press release includes "forward-looking statements" as defined by the SEC. All statements, other than statements of historical fact, included herein that address activities, events or developments that Teliphone Corp expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of the proposed acquisition, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of their dates. Except as required by law, Teliphone Corp does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.