Last C$0.12 CAD
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Volume 2.2M
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urban communications inc (UBN) Snapshot

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52 Week High
03/19/14 - C$0.16
52 Week Low
03/7/14 - 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 Management Appointments

Urban Communications Inc. announced that it has made significant additions to its product and marketing teams with the hiring of Jon Paul Janze as Vice-President, Product, and Andrea Shillington as Director, Marketing. Jon Paul Janze is a seasoned product management and marketing leader with more than 15 years experience guiding the creation of innovative products and services that meet market needs and get results. Past positions include head of Product Marketing for a global email security provider, Director of Product Management at Sutus, Director Product Development Group at Adzilla New Media, and Senior Management at, where he played a critical role growing this startup from $0 to $25 million in annual processing. Andrea Shillington is a branding expert with 10 years experience branding start-ups to large sized businesses. Previously she was a Brand Director for WOW Branding in Vancouver as well as a brand consultant for London, UK, based Fitch.

Urban Communications Inc. Litigation Progress Update

Urban Communications, Inc. announced that the Court of Appeal of British Columbia has granted an order that stays execution of the order of the Supreme Court of British Columbia dated June 11, 2014, upon provision of security, pending the disposition of the appeal. The Supreme Court ruled that a customer of the Company had not effectively exercised options to renew leases of a substantial number of fibre optic strands in a network connecting multiple sites of the customer, and that the customer has lost the right to exercise the option in the future, including those portions of the lease where the time to exercise the option has not yet passed. The Court of Appeal further ordered that on or before December 15, 2014, the customer post security of $500,000 for the Company's claim for use of the fibres by the customer since the disputed exercise of the options in the event the Company is ultimately successful in the litigation. This security is to be in the form of a letter of credit or in an alternative form of security satisfactory to both parties. The parties have agreed to an alternative form of security, which has been delivered by the customer within the time set by the Court. The appeal will be heard by the Court of Appeal commencing January 19, 2015. Urban Communications owns and operates a 200 km. fibre optic network throughout metro Vancouver and Victoria. The company is about to launch Urbanfibre with services equal to 1,000 Mbps to residential and commercial buildings along its fibre optic core.

Urban Communications, Inc. Appoints Chris Convey as Interim Chief Financial Officer

Urban Communications, Inc. announced the appointment of Chris Convey as its Interim Chief Financial Officer. Mr. Convey have experience as CFO of public companies both in the United States and Canada, as well as having considerable telecom and high-tech market experience. Mr. Convey has previously served as the Chief Financial Officer of Uniserve Communications Corp.


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