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Last C$0.13 CAD
Change Today 0.00 / 0.00%
Volume 33.0K
UBN On Other Exchanges
As of 3:50 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

urban communications inc (UBN) Snapshot

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52 Week High
04/1/15 - C$0.22
52 Week Low
06/12/14 - C$0.05
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urban communications inc (UBN) Details

Urban Communications Inc., through its subsidiaries, operates as a telecommunications company that develops and operates telecommunications networks for the delivery of Internet, voice, video, and broadband application products to commercial, residential, and public sector customers in Vancouver and Victoria, British Columbia. The company engages in the construction, operation, and management of fiber optic telecommunications networks; and provision of broadband subscriber services. It also provides Ethernet services; and broadband services, including entertainment content and gaming portals under the Urban brand. The company was formerly known as Boulevard Capital Ltd. and changed its name to Urban Communications Inc. in June 2001. Urban Communications Inc. was incorporated in 1988 and is headquartered in Burnaby, Canada.

Founded in 1988

urban communications inc (UBN) Top Compensated Officers

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urban communications inc (UBN) Key Developments

Urban Communications Inc. Announces Fibre Access Agreement with QNET

Urban Communications Inc. announced that it has signed an agreement with QNET to access their fibre network. Under this agreement, Urbanfibre gains access to QNET's fibre footprint to serve the community of Coquitlam and areas of Port Moody with its ultra high-speed Internet access. Urbanfibre will gain access to more than 6,000 residences to distribute Gigabit Internet. A significant reduction in Urbanfibre capital expenditure to extend reach through leveraging QNET fibre. A reduced time-to-market in the associated communities QNET serviced buildings gain Gigabit Internet that is 66 times faster than the Canadian average. The QNET agreement extends Urbanfibre's fibre footprint and increases the reach of their 1,000 Mbps Internet services to more than 6,000 additional residential units in the Coquitlam area. Urbanfibre's rollout will begin immediately and connected buildings will be prioritized in response to demand.

Urban Communications Inc. Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Urban Communications Inc. reported audited consolidated earnings results for the full year ended December 31, 2014. The company incurred a net loss of $1,854,667 in the year ended December 31, 2014, compared to $1,363,952 the prior year. This increase in net loss was primarily due to increased operating costs as the company prepared to launch its new UrbanFibre 1Gbps services to both residential and commercial customers in 2015.

Urban Communications Launches Commercial 1Gbps High Speed Internet Service in Metro Vancouver Ahead of Schedule

Urban Communications, Inc. announce it has launched Gigabit speed Business Internet service ahead of schedule to commercial customers in Metro Vancouver. Priced at an introductory $249 per month, Urbanfibre Business Internet delivers symmetrical 1 Gigabit Internet speed, 1 Terabyte of data transfer, static IP address and backed by a full service level agreement. Originally slated to launch in August, an early market test of the Business Internet service in downtown Vancouver over-achieved on expectations, prompting accelerated launch plans. The market test results saw Urban with 10% of tenants as customers in a single high-rise office tower in 60 days. Urban has now enabled service in 11 commercial buildings with another 5 in the process of being deployed and an additional 15 targeted due to their proximity to the network all representing approximately 500 potential commercial customers.


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Price/Book 8.7x
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