TERAGO Welcomes ISED Decisions Advancing Canada's mmWave Spectrum Framework

On May 26, 2026, TERAGO welcomed Innovation, Science and Economic Development Canada’s new Policy and Licensing Framework for the 26 GHz and 38 GHz bands. The framework sets a transition path from existing fixed‑service licences to flexible‑use licences, with a spectrum auction expected to begin in October 2027 and current fixed licences valid until March 31, 2029. TERAGO, which holds 91% of Canada’s mmWave spectrum, can now plan for a future where its key asset may be used for mobile services while continuing its fixed wireless enterprise business.

This announcement delivers precisely the regulatory clarity that management had flagged as a critical catalyst “hopefully” arriving in summer 2026 (per the Q1 2026 transcript). It therefore represents an expected, positive development rather than a surprise. The market has already anticipated resolution of the ISED decision – the stock surged 61% from $0.82 on May 14 to $1.32 on May 25, pricing in the news ahead of the official release. The long timeline (auction not before late 2027) means there is no immediate revenue or earnings boost. The company still faces declining top‑line results, a weak backlog, and a net‑loss position. Consequently, the ISED framework is a routine positive that removes uncertainty but does not materially alter the near‑term financial outlook.

TERAGO Inc. is a Canadian provider of fixed wireless connectivity, managed SD‑WAN, and private wireless solutions to mid‑market and enterprise customers across major cities. Its flagship asset is a 91% ownership of available mmWave spectrum in Canada (26 GHz and 38 GHz bands), which positions the company as a key player should mobile‑use regulations open. The business model is shifting from volume connectivity to high‑touch, multi‑site enterprise relationships, as seen in the Fortinet partnership for secure networking services.