"telMAX was built on a simple belief: communities should not have to settle for outdated legacy internet options. This investment gives us the capital needed to move even faster on the next stage of our growth plan which expands our delivery of the reliable, high-performance fibre service that Canadians increasingly expect and deserve. We are excited to welcome Hamilton Lane as a new partner in the next chapter of the telMAX story, and we are appreciative of Power Sustainable's continued support as they double down on our vision."

"Reliable digital connectivity is essential infrastructure for growing communities and businesses. telMAX has demonstrated a differentiated approach to building and operating high-quality fibre infrastructure--combining disciplined execution with a clear focus on the communities and customers it serves. The company has built meaningful momentum in markets where demand for reliable, high-performance connectivity is growing. We are pleased to increase our commitment and support telMAX's next phase of growth."

"telMAX has built a distinguished fiber platform with attractive underlying markets and a clear opportunity to continue scaling its network. We are pleased to partner with Power Sustainable to provide additional capital for the company's next phase of growth. Our commitment reflects our conviction in the long-term value of high-quality digital infrastructure and our focus to supporting agile, high-impact platforms that bridge connectivity gaps."