CityWest CEO Chris Marett hands a large cheque over to Corinne Bomben, chief financial officer for the City of Prince Rupert. (CityWest photo)

CityWest pays $400,000 to the City of Prince Rupert

Annual distribution payments since 2005 now total $7.5-million

The spirit of giving is here, and CityWest has presented its annual $400,000 distribution payment to the City of Prince Rupert — its only shareholder.

The same amount was delivered to the city last year, and the year before, and so on.

“This payment is the outcome of the decisions we’ve made over the past few years,” said Chris Marett, CEO of CityWest. “We are seeing great results in our Bulkley Valley markets, where we built fibre-to-the-home technology in underserved areas. And as we improve our technology in our existing markets, we expect to see more growth in the years to come.”

Dividends and distribution payments to the city now totals $7.5-million with more than $1.8-million in taxes, since 2005 when CityWest became a corporation.

This past year was a busy one for the telecommunications company with fibre-to-the-home being installed across Prince Rupert, and expansions into Bulkley Valley. As of June 2018, more than 150 customers in Prince Rupert were hooked up to the fibre-to-the-home services.

“It certainly was a busy year, and we have kept on track with a single-minded focus: to provide our customers with the best customer experience,” Marett said.

RELATED: CityWest makes $400,000 distribution payment to city



shannon.lough@thenorthernview.com

Like us on Facebook and follow us on Twitter

CityofPrinceRupertCityWest

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Provincial COVID-19 data can now be used for B.C. to prepare for a second wave

In the past week, B.C. has seen a slight spike in daily test-positive case counts

Four air ambulance flights out of Terrace delayed or cancelled

Pandemic precautions caused nighttime closure of service station providing weather data to pilots

Skeena Resources, Tahltan prez excited by purchase of Eskay Creek

Skeena gets full control of mine, Barrick gets 12 per cent of Skeena and a one per cent royalty

CityWest announces new CEO

Stefan Woloszyn will start Aug. 17 to head up Prince Rupert, Kitimat, Terrace and Smithers region

CityWest announces new CEO

Stefan Woloszyn will start Aug. 17 to head up Prince Rupert, Kitimat, Terrace and Smithers region

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

Tree planters get help with COVID-19 protective measures

Ottawa funds extra transportation, sanitizing for crews

Trudeau apologizes for not recusing himself from WE decision

He says his and his family’s longtime involvement with the WE organization should have kept him out of the discussions

Beverly Hills 90210 star’s family selling Vancouver Island Beach Resort

You can own Jason Priestley’s Terrace Beach Resort in Ucluelet for less than $5 million

Islanders want BC Ferries to follow order that lets residents board before tourists

For ferry-dependent communities, ferries are often the sole practical lifeline to work, school or medical appointments.

Washington’s NFL team drops ‘Redskins’ name after 87 years

The franchise was given the name back in 1933, when it was still in Boston

Genetic detectives begin work to trace spread of COVID-19 in Canada

The kinds of genetic technology being used for this project did not exist when SARS hit Canada in 2003

Most Read