Toronto on the Move: Lastman|
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Toronto - Call-Net Enterprises Inc. Chairman, President and CEO Juri Koor and
Toronto Mayor Mel Lastman today announced that Call-Net Enterprises Inc. has
chosen the City of Toronto for its new 1.865 million square foot Corporate
Centre. The new Corporate Centre is the first major head office complex to be
located in the new city, and Call-Net will create an additional 3,000 jobs in
the next three to four years.
"Call-Net Enterprises Inc. is proud to be the first company to break ground on
a new corporate head office in the new City of Toronto," said Koor. "Toronto
has a great labour force and will allow superior access for Call-Net to serve
the North American and world markets."
"I am elated that one of the greatest companies in the world is expanding in
the greatest city in the world," said Mayor Lastman. "Toronto is open for
business and today we welcome a fantastic corporate citizen to Canada's
Call-Net owns 100 per cent of Sprint Canada Inc., Canada?s leading alternative
telecommunications company, offering voice, data and on-line services. In
addition to its Canadian operations, Call-Net is expanding its operations into
the United States and internationally later this year. Moreover, Call-Net will
enter the $9-billion-a-year Canadian local telecommunications market in 1999.
Call-Net plans to break ground in October 1998 on a 50-acre site located at
Victoria Park Avenue and Steeles Avenue. Six new buildings will be built over
the next eight years for a total of 1.865 million square feet.
"Call-Net is creating jobs and growth in Toronto, and we should see some
fantastic spin-off effects for the surrounding businesses in north Toronto,"
said Lastman. "This is just the beginning of one of the greatest economic booms
in Toronto. Our objective is to make this city recession proof."
The building site is currently zoned commercial and will only require a site
plan review before construction. The initiative will create 250,000
person-hours of construction jobs per year for nine years.
"The site will host Call-Net's research and development facilities, operations,
sales, marketing and customer service centres, administrative functions and
training," said Koor. "It will be the head office for all our operations and
business undertakings for Canada and around the world."
Call-Net Enterprises Inc. is a rapidly growing, publicly owned Canadian company
that creates and enhances value by developing opportunities in the
telecommunications industry. Also, Call-Net has an 11-per cent interest in
Microcell Telecommunications Inc. With headquarters in Toronto, Sprint Canada
operates 18 offices and employs more than 2,000 Canadians across the country.
|Eileen Tobey |
|ETC Communications Inc. |
|(416) 693-2633 |
|Director of Communications |
Office of the Mayor