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TERAGO, CrowdOut Capital and Cymbria Corporation amend certain terms of Credit Agreement

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TORONTO, March 31, 2025 /CNW/ – TERAGO Inc. (“TERAGO” or the “Company”) (TSX: TGO) (https://terago.ca/), today announced it, CrowdOut Capital LLC (“CrowdOut”) and Cymbria Corporation (“Cymbria“) executed a Second Amendment to the Credit and Guaranty Agreement (the “Second Amending Agreement”), which amends certain terms of the Credit and Guaranty Agreement entered into between, inter alios, CrowdOut and the Company as of September 29, 2022 (the “Original Agreement”), as amended by the First Amendment to Credit and Guaranty Agreement dated as of May 29, 2024 among CrowdOut, Cymbria and the Company relating to the Company’s secured debt facility (the “First Amending Agreement”, collectively with the Original Agreement and the Second Amending Agreement, the “Credit Agreement”). The Second Amending Agreement serves to increase the amount of the secured debt facility from US$19 million to US$21 million, while maintaining consistency with the initial framework of the Credit Agreement, with the US$2 million increase in the secured debt facility funded by Cymbria.

Cymbria is pleased to provide additional capital to TERAGO to support the Company’s continued momentum.  With the recent ISED consultation we are confident that TERAGO will retain and leverage its valuable mmWave spectrum licenses to seize new opportunities and drive innovation as market adoption of Fixed Wireless Access and 5G networks accelerates.” said Frank Mullen, Chief Investment Officer, Edgepoint Investment Group.

In connection with the Second Amending Agreement, subject to Toronto Stock Exchange (the “TSX”) approval, the Company has agreed to issue 800,000 common share purchase warrants (each, a “Warrant”, and collectively, the “Warrants”) to Cymbria (the “Private Placement”). Each Warrant, entitles Cymbria to subscribe for and purchase, one fully paid common share in the capital of the Company (each, a “Common Share”), until 5:00 p.m. (Toronto time) on March 30, 2028, at a price per Common Share as follows:

200,000 Warrants at a price per common share of $2.50;200,000 Warrants at a price per common share of $2.00;200,000 Warrants at a price per common share of $1.50; and200,000 Warrants at a price per common share of $1.00.

As EdgePoint Investment Group Inc., the portfolio manager of Cymbria, is a related party of the Company, the Second Amending Agreement and the issuance of the Private Placement will constitute “related party transactions” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and are subject to the formal valuation and minority approval requirements thereof, as applicable, unless an exemption is available. It is the intention of the Company to rely on the exemptions in Sections 5.5(a) and 5.7(1)(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101 for the Private Placement and Section 5.7(1)(f) (Loan to Issuer, No Equity or Voting Component) of MI 61-101 for the Second Amending Agreement.

The Company has filed the Second Amending Agreement, which is now available on SEDAR+ at www.sedarplus.ca.

About TERAGO
TERAGO provides managed network and security services to businesses across Canada. ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit www.terago.ca.

Forward-Looking Statements
This news release may contain words considered forward-looking statements or information under applicable securities laws, including but not limited to the receipt of TSX approval. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond TERAGO’s control. Forward-looking statements may include but are not limited to statements regarding the further developing our 5G Fixed Wireless Access program, consistently executing across all fronts of the business, success in providing Canadian enterprises with managed services and the 5G fixed wireless trials being conducted by the Company. All such statements constitute “forward-looking information” as defined under, applicable Canadian securities laws. Any statements contained herein that are not statements of historical facts constitute forward-looking information. The forward-looking statements reflect the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those risks set forth in the “Risk Factors” section in the Annual Information Form for the year ended December 31, 2024 and risks set forth in the “Financial Risk Management” section in the annual MD&A of the Company for the year ended December 31, 2024 available on www.sedarplus.ca and under the Company’s corporate profile. Factors that could cause actual results or events to differ materially. include the inability to consistently achieve sales growth across all lines of TERAGO’s business including managed services, inability to complete successful 5G technical trials, the results of the 5G trials not being satisfactory to TERAGO or any of its technology partners, regulatory requirements may delay or inhibit the trial, the economic viability of any potential services that may result from the trial, the ability for TERAGO to further finance and support any new market opportunities that may present itself, and industry competitors who may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements as several factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed with the forward-looking statements. Except as may be required by applicable Canadian securities laws, TERAGO does not intend, and disclaims any obligation, to update or revise any forward-looking statements whether in words, oral or written as a result of new information, future events or otherwise.

SOURCE TeraGo Inc.

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Vodafone Business and Geely Technology Europe Extend Partnership to Drive Vehicle Innovation

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SINGAPORE and LONDON, June 3, 2026 /PRNewswire/ — Vodafone Business and Geely Technology Europe (GTEU), the European R&D organisation within Geely Auto Group, have extended their partnership to include Internet in the Car, Mobile Private Networks, and Cloud Connect solutions.

The Internet in the Car service from Vodafone Business supports capabilities such as diagnostics and over-the-air software updates, while Cloud Connect ensures secure data transfer between vehicles and cloud systems. This means Geely can monitor vehicle’s performance and support improvements to the driver experience.

In addition, Vodafone provides secure and reliable connectivity across Geely Technology Europe’s operations in Germany and Sweden, as well as with its pan-European sales teams.  

GTEU plays a key role in developing the vehicle architectures, digital platforms, and intelligent systems. These provide customers with highly responsive integrated in-car internet and digital services such as dynamic EV charging planning and 3D lane guidance. Central to this is equipping vehicles with the latest software, data, and connected services. 

Moving beyond simple transport solutions
Giovanni Lanfranchi, CEO at Geely Technology Europe, said: “We’ve moved beyond simple transport solutions. Today, vehicles can be continuously improved through software, with data and connectivity enabling a more responsive and personalised user experience over time.”

Vodafone Business’ vehicle services support GTEU in responding to customer insights, continuously enhancing its vehicles long after they leave the showroom. One example is Zeekr Navigation, where secure, always‑on connectivity enables instant in‑vehicle customer feedback. This shortens development cycles and improves GTEU’s ability to identify issues and deploy improvements rapidly.

Fanan Henriques, Vodafone Business Product and International Business Director of Vodafone Business, added: “As the adoption rate of electric vehicles continues to grow, the opportunities to enhance their safety, efficiency and the user experience through digital connectivity are significant. We’re supporting Geely’s growth in vehicle sales across Europe and its operations with a secure, multi-service digital infrastructure.” 

98% of vehicles connected
Vodafone Business is providing solutions tailored to international cybersecurity, data protection, and regulatory compliance needs, while enabling Geely to scale rapidly across regions by leveraging Vodafone’s extensive global network. For example, Vodafone Internet in the Car service combines Vodafone’s global managed IoT connectivity platform, which currently has over 240 million connections worldwide, with local internet service providers. 

By 2030, it’s expected that more than 98% of new passenger vehicles sold will be connected. Vodafone Business, working with Geely, is ready to help drive this expansion.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/vodafone-business-and-geely-technology-europe-extend-partnership-to-drive-vehicle-innovation-302789925.html

SOURCE Vodafone Business and Geely Technology Europe

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Beijing Review: Wisdom Without Borders: People are born with different talents, but knowledge grows only through learning

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BEIJING, June 3, 2026 /PRNewswire/ — “People are born with different talents, but knowledge grows only through learning.” The quote comes from Lunheng, a work written by Eastern Han Dynasty (25-220) thinker Wang Chong. It means that although people differ in terms of natural gifts, their knowledge of the world and the skills they build are all shaped through learning.

 

A society that values learning is bound to be energetic and pioneering, and reading is one of the most important paths to learning. People everywhere have valued reading since ancient times–and China is no exception. From Su Qin of the Warring States period (475-221 B.C.), who kept himself awake while studying by pricking his thigh with an awl, to Kuang Heng of the Western Han Dynasty (206 B.C.-A.D. 25) , who, unable to afford candles, famously chiseled a hole through a wall to borrow light from his neighbor’s candle to read at night, and Che Yin of the Eastern Jin Dynasty (317-420), who read by the glow of fireflies gathered in a silk bag, these well-known tales of reading have continued to inspire generations.

Since the launch of its reform and opening-up policy in 1978, China has stepped up its efforts to boost interest in reading, and build a learning society. Since the new era began in 2012, this nationwide reading drive has evolved from a broad social call into a national strategy. Since 2014, the phrase “fostering a love of reading among the public” has been included in the annual government work report for 13 consecutive years. The outline of the 15th Five-Year Plan (2026-30) also calls for further promoting reading initiatives nationwide to foster a reading culture across all segments of society.

Libraries, community reading rooms, rural bookhouses and other public reading spaces have spread across both the urban and rural landscapes. Brick-and-mortar bookstores, specialty bookshops and cultural salons have created immersive settings for more engaged reading.

In the digital age, reading has gone from turning pages to tapping through entire libraries on a screen. Technology is making reading not just easier, but more enjoyable.

The overall reading rate among China’s adult citizens reached 82.3 percent in 2025. On average, each adult read 8.39 printed and e-books combined that year.

On February 1, 2026, the Central Government’s regulations on public reading promotion officially took effect, marking the transition of China’s national reading drive from policy guidance to legally binding mandate. The fourth week of April each year has now been designated as National Reading Week. From April 20 to 26, 2026, China celebrates its first National Reading Week, which coincides with the 31st World Book Day on April 23. Across the country, reading events are in full swing.

Today, knowledge is advancing at a much faster pace, while people are taking on increasingly specialized roles in society. New technologies and industries, from AI to the metaverse, are evolving at great speeds.

Together, these factors have not only opened up a broad stage for young people to showcase their talent, but also placed unprecedented demands on their knowledge base and innovative capacity. Only through sustained reading and learning can they keep pace with the times and ride the wave of change.

By reading and learning, people can enrich their minds, strengthen their character and broaden their horizons, which will help them keep up in a rapidly changing world.

In reading, we cultivate wisdom. In learning, we sharpen our abilities. To carve out a successful path in life–that should be the shared pursuit of all those seeking to better themselves through reading and learning.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/beijing-review-wisdom-without-borders-people-are-born-with-different-talents-but-knowledge-grows-only-through-learning-302789944.html

SOURCE Beijing Review

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BDx Data Centers Secures Indonesia’s Largest Data Center Power Commitment at 1.2 GW, Strengthening Strategic Partnership with PLN Across National AI Infrastructure Platform

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Landmark 788 MVA allocation for CGK4 Jatiluhur, major capacity energization at CGK3A South Jakarta, and strategic grid expansion at CGK5 Suryacipta position BDx Indonesia as the nation’s largest operator-neutral AI and digital infrastructure platform

SINGAPORE and JAKARTA, Indonesia, June 3, 2026 /PRNewswire/ — BDx Data Centers (BDx) announced a series of transformative power milestones achieved in a strategic partnership with PT Perusahaan Listrik Negara (Persero) (PLN), significantly expanding Indonesia’s AI and hyperscale infrastructure capacity.

These milestones include:

Securing 788 MVA of contracted grid power for BDx’s flagship CGK4 AI Campus in Jatiluhur, West JavaSuccessfully energizing CGK3A in Cilandak, South Jakarta, with a substantial power capacity expansion to ~60 MVAAdvancing high-voltage grid infrastructure at CGK5 in Suryacipta, West Java, with up to 385 MVA of secured power capacity.

Together, these developments bring BDx Indonesia’s total secured power portfolio to 1.2 GW – representing the single largest power commitment secured by any data center operator in Indonesia. This milestone reinforces BDx’s leadership in building Indonesia’s sovereign AI, cloud, and digital economy infrastructure, while deepening its long-term strategic relationship with PLN.

Agus Hartono Wijaya, CEO of BDx Indonesia said “Reliable and scalable power is foundational to Indonesia’s AI and digital infrastructure development. PLN’s professionalism and execution have been critical in enabling the expansion of our capacity across Jakarta and West Java. This collaboration supports the build‑out of resilient, AI‑ready infrastructure that can meet long‑term demand from enterprise, hyperscale, and sovereign workloads.”

Adi Priyanto, Director Retail & Commerce of PLN said “PLN remains committed to supporting strategic digital industries through reliable and scalable power infrastructure. Our collaboration with BDx reflects PLN’s role in enabling Indonesia’s AI and digital economy to grow in a resilient and sustainable manner.”

“Indonesia’s accelerating demand for AI and digital services requires close coordination between infrastructure providers and the national power ecosystem,” said Martindar Jalu Respati, Senior Manager, Commercial & Customer Management, PLN West Java Distribution Main Unit. “PLN is proud to support the development of large-scale, high-reliability digital infrastructure that strengthens Indonesia’s competitiveness as a regional technology and AI hub.”

BDx’s Indonesia portfolio represents the most advanced AI infrastructure ecosystem in Southeast Asia. CGK4, Indonesia’s first NVIDIA DGX-Ready-certified campus, delivering up to 650 MW of renewable-aligned capacity — already supporting H100-class GPU deployments for AI training and sovereign cloud workloads. CGK3 brings liquid-cooled, high-density compute to Jakarta, purpose-built for next-generation AI platforms including NVIDIA GB200. CGK5, at 300 MW, extends BDx’s hyperscale footprint and, together with CGK4, CK5, anchors Indonesia’s sovereign AI digital infrastructure.

View original content:https://www.prnewswire.com/apac/news-releases/bdx-data-centers-secures-indonesias-largest-data-center-power-commitment-at-1-2-gw-strengthening-strategic-partnership-with-pln-across-national-ai-infrastructure-platform-302789946.html

SOURCE BDx Data Centers (BDx)

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