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telMAX secures $215 million in growth financing through structured investment from Hamilton Lane and an upsized PSIC credit facility.

PRIVATESep 17, 2026•about 3 hours ago

Amount Raised

$215 Million

Round Type

Debt Financing

StouffvilleMessaging And Telecommunications

Investors

Hamilton Lane

Description

telMAX has successfully secured $215 million in growth financing. The funding will support the expansion of its operations and further innovation. This financing comes through a structured investment from Hamilton Lane alongside an upsized PSIC credit facility. The investment underscores the confidence in telMAX's growth strategy and market potential.

Company Information

Company

telMAX

Location

Stouffville, Ontario, Canada

About

telMAX, a locally based company headquartered in York Region offers Internet, TV and Home Phone services. telMAX has built its own 100% fibre optic network to serve the residents and businesses of Brooklin, Stouffville, Newmarket, Aurora, with more cities and towns to be announced in 2024. Using the latest available technology, the telMAX network is capable of delivering speeds up to 10 Gbps. telMAX proudly employs staff from the communities where it operates and is committed to supporting a wide range of community development activities in these towns including participation in events and shows. In 2022 and 2023 telMAX was recognized as the fastest Internet service provider in Canada following an independent assessment by PC Magazine.

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