telMAX designs, builds and operates fibre-to-the-home networks, then sells internet, television and phone service over those lines to Ontario households and businesses. The company has completed a two-part growth financing worth about $154 million, pairing a structured investment from Hamilton Lane-managed funds with an expanded credit facility. Figures are in US dollars, converted at September 17, 2026 reference rates.
The new capital is earmarked for construction in Burlington, Brampton and Mississauga, where telMAX says the build will put its network within reach of hundreds of thousands of additional homes and businesses. Power Sustainable Infrastructure Credit, Palistar Capital and MidStar Capital increased the existing facility; Hamilton Lane joined as a new capital partner.
For a customer, availability starts with construction along the street. telMAX says most main-network work happens on municipal rights of way; after a home or business signs up and books installation, crews run a conduit and drop fibre from the property line, thread the connection back to the network and install hardware inside. Television and home-phone service require that network connection.
That sequence makes expansion capital part of the business model. telMAX must build into a neighborhood before it can activate accounts and collect monthly service bills, then it can sell several services over the same physical connection. For business customers, its advertised plans span 100 megabits to 10 gigabits per second and include routing and Wi-Fi equipment, security features and Ontario-based support.
The company’s support page currently lists residential availability in Stouffville, Brooklin, Newmarket, Richmond Hill, Aurora, Barrie and Markham. The financing announcement also says the network has reached Oakville. Burlington, Brampton and Mississauga are presented as the next expansion markets, not as places where service has already launched.
The credit portion extends a borrowing relationship that began when Power Sustainable provided a senior secured facility in 2025. The structured investment adds a different form of capital for the same construction push. Neither the announcement nor telMAX’s support page gives a service-start date for the three planned cities.