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Canada is expanding high-speed Internet access in Saskatchewan

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Federal investment of $160 million will connect 13,700 homes to high-speed Internet and provide mobile connectivity along 500 km of roads

LA RONGE, SK, June 3, 2024 /CNW/ – Fairness for every generation means making sure everyone in Canada has access to reliable and affordable high-speed Internet, no matter where they live. That is why the Government of Canada is bringing high-speed Internet access and mobile connectivity to underserved communities—namely Indigenous communities—and roads in Saskatchewan.

Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency, announced a total of up to $160 million in federal funding for projects to bring high-speed Internet access to communities across Saskatchewan and provide mobile connectivity along roads in the province.

Up to $105 million of this funding is being allocated to SaskTel for projects that will benefit up to 5,700 households in communities across West Central and Northern Saskatchewan, the majority of which are Indigenous. A list of communities to be connected by these projects, along with full project details, will be released at a later date. In addition, through its Capital Plan, SaskTel will upgrade the speed available in 19 more communities across the province to 50/10 megabits per second (Mbps).

The Minister also announced full details of seven federally funded projects to bring high-speed Internet access to more than 8,000 households, of which 3,200 are Indigenous, and two projects that will provide mobile service along 500 kilometres of roadway within Indigenous communities and along highways. The government will contribute $55 million in total for these projects. The funding recipients are Access Communications Co-operative Ltd., Advanced Interactive Canada Inc., BH Telecom Corp., Pheasant Rump Nakota First Nation in partnership with Sequorum Inc., Meadow Lake Tribal Council, and SaskTel.

The Government of Canada’s funding is provided through the Universal Broadband Fund, a program designed to ensure that Canadians in rural, remote and Indigenous communities have access to reliable high-speed Internet and mobile connectivity.

Everyone in Canada will have access to high-speed Internet by 2030, and 98% of Canadians will be connected by 2026. Canada is on track to meet its 2026 connectivity targets. These projects will build toward that goal, and the government will continue to invest in infrastructure that creates new opportunities in communities and makes sure they can benefit from all of Canada’s potential.

Quotes 

“High-speed Internet is no longer a luxury. The federal funding committed today will bring reliable high-speed Internet to up to 13,700 underserved homes in communities across Saskatchewan and provide mobile connectivity along 500 km of roads. It is only fair that communities large and small have a reliable connection so they can grow their potential in this digital world.”
– The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

“Access to reliable high-speed Internet service empowers people in urban, rural and northern communities by offering vital connections to education, health care, economic opportunities, and family and friends. The Government of Saskatchewan is committed to ensuring that every corner of our province has access to the tools and technologies needed to thrive in the digital age. I thank the Government of Canada for this funding, which will accelerate and enhance the more than $1 billion in investments that SaskTel is continuing to make to connect more than 225 communities and 85% of Saskatchewan homes to lightning-fast fibre Internet service.”
Jim Lemaigre, Member of the Legislative Assembly for Athabasca, on behalf of the Honourable Dustin Duncan, Minister Responsible for SaskTel

Quick facts

Canada’s Connectivity Strategy aims to provide all Canadians with access to Internet speeds of at least 50 megabits per second (Mbps) download / 10 Mbps upload.The Universal Broadband Fund is a $3.225 billion investment by the Government of Canada designed to help provide high-speed Internet access to 98% of Canadians by 2026 and achieve the national target of 100% access by 2030.Today, 93.5% of Canadian households have access to high-speed Internet, compared to just 79% in 2014.Since 2015, the Government of Canada has invested $88 million in connectivity projects in Saskatchewan.

Associated links

Universal Broadband FundHigh-Speed Access for All: Canada’s Connectivity StrategyHigh-Speed Internet Access DashboardNational Broadband Internet Service Availability MapHigh-speed Internet for all CanadiansRural economic development

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SOURCE Innovation, Science and Economic Development Canada

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Mega Matrix Announced that “See You Again CEO’s Sweet Trap” Premieres on FlexTV December 20th – Can Love Survive the Test of Time?

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SINGAPORE, Dec. 23, 2024 /PRNewswire/ — Mega Matrix Inc. (“MPU” or the “Company”) (NYSE American: MPU), today announced that it released the new short drama See You Again CEO’s Sweet Trap on December 20th, immersing audiences in a gripping story of fate, choices, and the intertwined threads of past and present.

An unexpected car accident thrusts Leon, an ordinary young man, back into the prestigious family he originally belonged to, leaving Eve behind as the abandoned one. Five years later, Eve, through her hard work and talent, has transformed into an accomplished game developer. Just as she reaches the pinnacle of her career, devastating news arrives: her project has been canceled, and her department faces dissolution.

Fueled by anger and determination, Eve storms into the CEO’s office, resolved to fight for her team and her project. But the moment she opens that fateful door, she comes face-to-face not only with the Leon of her past but also with the cold, commanding CEO of a business empire. Their unexpected reunion unravels long-buried memories, drawing Eve into a whirlwind of love, power, and betrayal.

FlexTV, operated by MPU, is a global leader in short drama streaming, offering content in over 100 countries across multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Renowned for its high-quality productions and outstanding user experience, FlexTV continues to captivate audiences worldwide. Premiering on December 20th, See You Again CEO’s Sweet Trap explores how its protagonists confront past emotions while grappling with present realities, inspiring reflection on reconciliation and moving forward. For more exciting content, please visit https://www.flextv.cc/.

#WorkplaceDrama #Romance #Heartbreaking #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

 

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SOURCE Mega Matrix Inc.

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Odine Accelerates R&D and Innovation, Achieving Remarkable Growth in the Sector

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ISTANBUL, Dec. 23, 2024 /PRNewswire/ — Odine, a global technology partner, continues to achieve remarkable milestones in innovation and growth. This year, the company has stood out with its innovative R&D initiatives. In December, Odine achieved the distinction of being the first and only Turkish company to appear for two consecutive years on the prestigious 20 Top Telco Vendors Power List by UK-based Capacity Media, one of the leading publication in the telecommunications sector. Additionally, Odine was recognized as one of Türkiye’s fastest-growing technology companies under the Deloitte Technology Fast 50 program. 

AI-Driven Focus on 5G and 6G Infrastructures

Highlighting the significant strides made in R&D and innovation throughout 2024, Odine’s Chairman of the Board and CEO, Alper Tunga Burak, stated:

“This year, through strategic appointments and international partnerships, we are fortifying our growth strategy with substantial R&D investments, continuing to shape the future of the industry. To realize our vision, we have set clear strategies and concrete objectives, particularly in advancing 5G and 6G technologies. Our goals include developing fully autonomous (zero-touch) network infrastructure solutions powered by artificial intelligence and expanding our expertise in telecommunications into new domains, aiming to become a global leader in technology landscape.”

Alper Tunga Burak also emphasized the company’s focus on creating AI-supported orchestration solutions designed for private 5G and 6G communication infrastructures. “Our efforts are aligned with contributing to the development of secure and national communication infrastructures for Türkiye, while also delivering these innovative solutions to international markets to enhance the Turkish economy,” he added.

Visionary Investments to Strengthen Financial Performance

Odine’s ongoing commitment to R&D, strategic partnerships, and global expansion is poised to bolster the company’s financial outcomes while positioning it as a key player in driving digital transformation in the industry.

About Odine

Odine is a global partner empowering sustainable network transformation, building resilient and software-defined networks of the future. We are a leading technology company that enables global companies to evolve with a sustainable approach. With market-leading technology, holistic solutions, and collaborative partnerships, we will support you in reinventing your value creation formula fully dedicated to your success. Our resources are available for organizations to tap into whenever they need them. We work collaboratively to equip you with the power to evolve your business models, build new propositions, differentiate yourselves, and accelerate into new territories.

Odine is publicly listed on the Borsa Istanbul (BIST: ODINE), demonstrating our commitment to transparency, accountability, and delivering long-term value to our shareholders.

www.odine.com

Contact:
Harika Nihan Gündem,
Head of Marketing,
harika.gundem@odine.com 

Photo: https://mma.prnewswire.com/media/2586788/Odine_Deloitte_Technology_Fast_50.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/odine-accelerates-rd-and-innovation-achieving-remarkable-growth-in-the-sector-302338262.html

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Jianpu Technology Inc. Extends Its Share Repurchase Program

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BEIJING, Dec. 23, 2024 /PRNewswire/ — Jianpu Technology Inc. (“Jianpu,” or the “Company”) (OTCQB: AIJTY), a leading open financial technology platform in China, today announced that its board of directors (the “Board”) has approved an extension of its existing share repurchase program, which was originally set to expire in January 2025, for an additional 12 months, demonstrating the Company’s continued commitment to enhance shareholder value.

On January 31, 2024, the Board approved the existing share repurchase program, under which the Company is authorized to repurchase up to US$3 million of its American depositary shares (“ADSs”) or Class A ordinary shares over a period of 12 months. Under the extended share repurchase program, the Company may repurchase up to US$3 million of its ADSs or Class A ordinary shares during the 24 months from January 31, 2024.

The Company plans to continue funding the repurchases under the extended share repurchase program with its existing cash balance.

About Jianpu Technology Inc.

Jianpu Technology Inc. operates a leading open financial technology platform, under Rong360 brand, connecting users with an extensive spectrum of financial products and other products and services. By leveraging cutting-edge digital technology, the Company offers intelligent and comprehensive search and recommendation results in a seamless, efficient, and secure manner to meet the needs of its diverse audience. The Company also enables financial and non-financial partners to enhance their efficiency and competitiveness by offering digital intelligence as a service, including data- and analytical-based risk management, intelligent marketing, and other integrated solutions and services. As the Company expands into FinTech+ ecosystem and broadens its global footprint, it will continue to underscore its dedication to innovation and solidify its influence in the space of financial technology and digital transformation. For more information, please visit http://ir.jianpu.ai

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborates with; trends, competition and regulatory policies relating to the industries the Company operates in; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China: 
Jianpu Technology Inc.
(IR) Liting Lu, E-mail: IR@rong360.com 
(PR) Amanda Hu, E-mail: Media@rong360.com 
Tel: +86 (10) 6242 7068 

View original content:https://www.prnewswire.com/news-releases/jianpu-technology-inc-extends-its-share-repurchase-program-302338220.html

SOURCE Jianpu Technology Inc.

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