Ontario Community Newspapers

Canadian Champion (Milton, ON), 30 Jul 2008, p. 2

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A2 -The Canadian Champion, Wednesday, JuIy 30, 2008 Our financial experts have deait with ail types of situations, so please do not hesitate ta cornplete aur free, 100% secu re animie cred it applicatian, or cali us today cat 866-645-EASY, and get the car yau want and the financing you deserve. Scarcred it 8366-645-EASY EXPERTS CARCREDITEXPERTSUCA 1!1ej i l*1* 4 e f Milton Hydre Telecom seUls assets to Blink Sale provides great value to Town, says Milton Hydro Holdings chair Milton Hydro Telecom has sold les telecommunications assets to Blink Communications, a subsidiary of Oakville Hydro Corporation. The deal came into effect Thursday Milton Hydro Telecom provides fibre optic telecommunication services, încluding high-speed data and Internet services, to public sector and commer- cial customers in Milton. It has con- tracted management of les business t0 Blink since 2005. "The sale of sur fibre optic assees provides excellent value t0 our sbare- holder, the Town of Milton," said Milton Hydro Holdings chair Sharon Barkley "We are also pleased that Telecom's customers cao expeci a seamnless transi- tion when Blînk takes over, as they bave been operatîng sur telecom business for us since 2005' Oakville Hydro Corporation presi- dent and CEO Alex Bystrin said the transaction represenes a tremendous business opportunîty for Oakville Hydro and ies obareholder, the Town of Oakville. "Milton is one of Canadas fastesi growing communities and this provides us with an opportunity to furtber etcpand'our telecommunications busi- ness," said Bysurin. Milton Hydro Telecom (MHT), a wholly-owned subsidiary of Milton Hydro Holdings Inc., delivers advanced Ethernet and IP data connectivuty to, business and public sectors within the Milton area. MHT bas deployed more than 100 km of state-of-tbe-art fibre optic network wlthin the Town of Milton. Blink Communications connecta busineases 10 tbe world througb îes high-speed, bigh-volume fibre optic communications nei.work. Blink's advanced fibre optie network la a secure, fast and cost-effecuive solution for transmitting voice, video and data. Milton Hydro Holdings lnc. la a holding company established in response to the restructuring and deregulation of Ontarios electricity industry. Three operatîng subsidiaries were established ai the time, Milton Hydro Distribution , mc., Milton Hydro Telecom lnc. and Milton Hydro Services lnc. The distribution company serves more than 23,000 residential and busi- ness customers in the town of Milton. Milton Hydro Holdings lnc. is an incor- porated entity, owned by les sole share- -heMideheo*O<MilhéI.l -Lc, LA

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