3/10/21Telco Cuba, Inc. (OTCPINK:QBAN) announces the appointment of Mr. Francis Flinn, to the Board of Directors. Mr. Flinn is the current Chairman of the District Governance Board of the “East Central Vermont Community Fiber Network”, (“WWW.ECFIBER.NET).
ECFiber is a multi-municipality provider offering broadband/Internet service to over 23 towns in the State of Vermont.
Mr. Flinn’s experience throughout his 12 years at ECFiber, participating in the process of raising funds through bonds, governmental grants and other investment friendly instruments, as well as a background in technology benefits Telco Cuba, Inc. with a director who can positively help guide the company. The appointment of Mr. Flinn as director is an important step in our overall growth strategy. His knowledge and experience will provide informed counsel in key financial and technical aspects of our roll-out of Broadband and Cable Television infrastructure.
Continuing on its expansion efforts, Telco Cuba is redoubling efforts to sell-off non-core assets. 2021 will be an important year for the company, with its stated major push for growth of Advanced Satellite Systems, it behooves Telco Cuba to shift its focus entirely on strategy aimed at growth and increasing shareholder value.
We are steadfast in our plans for growth, and are actively seeking a worthwhile acquisition candidate of a cable television/internet service provider to add to our portfolio.
The FCC completed the second and final phase of Auction 107. The FCC has set forth a schedule for winning bidders to pay for the spectrum won in the auction.
Once those payments are made, we expect to have a better idea of when the $1.4+ Million lump sum payment, which we elected to receive and that the FCC accepted, will be paid.
We are cautiously optimistic of the timing but expect the payment will be made within the second quarter.
The US Government, through the COVID-19 Relief Act and The Cares Act has funded several initiatives that will benefit Advanced Satellite Systems on its mandate of growth.
Among the initiatives is the Emergency Broadband Benefit Program, which grants a $50 monthly subsidy to households affected by the pandemic, Connecting Minority Communities Pilot Program, and the Broadband Infrastructure Deployment grant.
The company plans on taking full advantage, where possible of the aforementioned grants and other opportunities in furtherance of our goals of increasing our reach and overall subscriber growth.
As stated before, the future is bright for Telco Cuba, Inc. We thank you for your time and wish you well.
Thank You,
William J Sanchez President & CEO Telco Cuba, Inc. william@telcocuba.com (305) 747 – 7647
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