TORONTO--(BUSINESS WIRE)--Telehop Communications Inc. (“Telehop” or the “Company”) announced today that Rajan Arora had been elected Chairman of the board. Mr. Arora joined the Telehop board of directors after G3 Telecom was purchased by Telehop earlier this year. He has extensive business experience in the telecom sector and initiated G3 Telecom’s entry into the wireless market which Telehop wished to develop.
“I wish to express my thanks to Larry Cyna for his service as Chairman of Telehop during its transition over the last few years, and I look forward to working with him as this next stage of the Company unfolds,” Mr. Arora said.
In addition, Telehop announced that it had granted 25,000 stock options each to two of its directors at an exercise price of $0.15 per share in accordance with its stock option plan.
Telehop Communications Inc. (TSX-V: HOP) was founded and headquartered in Toronto, Ontario, in 1993, and has grown into one of the largest alternative telecommunications providers to both residential and business customers.
Telehop originally began offering residential and business two-way monthly 'flat rate' calling services in the Greater Toronto area between communities where a call would otherwise be a long distance call. In 1994, Telehop became one of Canada's few Equal Access Long Distance Providers, allowing it to offer its customers full service long distance calling globally at significantly lower rates. The Canadian Radio-television and Telecommunications Commission ("CRTC") has licensed Telehop as a Class "A" telecommunications carrier. Earlier this year, it acquired the G3 Telecom business which doubled its revenue base and provides a platform to expand into the wireless communications market.
Telehop's dedication and priority is providing residential and businesses with exceptional phone services at competitive rates without sacrificing quality service.
Company Website: http://www.telehop.com