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As of 2:29 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

urban communications inc (UBN) Snapshot

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03/19/14 - C$0.16
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12/10/13 - C$0.03
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urban communications inc (UBN) Details

Urban Communications Inc., a telecommunications company, develops and operates telecommunications networks for the delivery of video, telephone, and Internet services to commercial and residential customers in Vancouver and Victoria, British Columbia. The company engages in the construction and maintenance of fiber, cable, and wireless residential and commercial telecommunications networks to national and regional service providers. It also provides Ethernet services; and broadband services, including entertainment content and gaming portals. The company was formerly known as Boulevard Capital Ltd. and changed its name to Urban Communications Inc. in June 2001. Urban Communications Inc. was incorporated in 1988 and is headquartered in Burnaby, Canada.

Founded in 1988

urban communications inc (UBN) Top Compensated Officers

Executive Chairman, Chief Financial Officer, ...
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2013.

urban communications inc (UBN) Key Developments

Urban Communications, Inc. Wins an Appeal in the Supreme Court of British Columbia

Urban Communications, Inc. announced that it has won an appeal in the Supreme Court of British Columbia of an arbitrator's award in a commercial dispute with a customer in connection with a lease of a substantial number of fibre optic strands in a network connecting multiple sites of the customer. The dispute was in relation to the exercise of an option to renew several long term dark fibre optic strand leases pursuant to which the customer claimed it had properly exercised the option and Urban claimed the exercise of the option was defective in several respects. On June 11, 2014, a judge of the Supreme Court determined the appeal in favour of Urban by concluding that the option was not effectively exercised and that the customer has lost the right to exercise the option in the future, including those portions of the lease where the time to exercise the option has not yet passed. The result of the decision, which has been appealed by the customer to the B.C. Court of Appeal, is that the parties may either negotiate a new agreement on current commercial terms, or alternatively, Urban may regain unencumbered possession of the number of dark fibre optic strands previously under lease for its future commercial use, and significantly enhance the capacity of its already substantial 190 km. network in metro Vancouver and Victoria. In the interim, Urban claims entitlement to compensation for use of the fibre optic strands from the date of termination of three portions of the lease from dates ranging from May 10, 2012, to March 7, 2013.

Urban Communications, Inc. expected to report Q2 2014 results on August 28, 2014. This event was calculated by Capital IQ (Created on June 4, 2014).

Urban Communications, Inc. expected to report Q2 2014 results on August 28, 2014. This event was calculated by Capital IQ (Created on June 4, 2014).

Urban Communications, Inc., Annual General Meeting, Jul 08, 2014

Urban Communications, Inc., Annual General Meeting, Jul 08, 2014., at 10:00 Pacific Standard Time. Location: 1710-1177 West Hastings Street. Agenda: To receive the report of the directors; to receive the audited financial statements of the company for the fiscal year ending December 31, 2013, together with the auditor's report thereon; to fix the number of directors and to elect directors for the ensuing year; to appoint the auditor for the company; to consider and, if thought advisable, to approve an ordinary resolution of the shareholders to renew the company's Stock Option Plan; and to transact such other business as may properly be brought before the meeting.


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Price/Sales 2.4x
Price/Book 1.9x
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