telMAX secures C$215 million growth financing from Hamilton Lane, Power Sustainable Infrastructure Credit and Palistar Capital

Type: Financing · Technology: Telecom · Country: Canada · Value: $153M · Announced: 2026-09-22

telMAX obtained C$215 million (approximately $153 million) in growth financing through a structured investment from Hamilton Lane and an upsized credit facility from Power Sustainable Infrastructure Credit and Palistar Capital. The financing adds C$105 million from Hamilton Lane and a C$110 million credit increase from the two infrastructure lenders, representing one of the largest growth financings for an independent Canadian digital‑infrastructure firm. The new capital will fund telMAX’s expansion of its pure‑fiber network into the western Greater Toronto Area, including Brampton, Burlington and Mississauga, extending service to hundreds of thousands of additional homes and businesses. The deal underscores Hamilton Lane’s entry into Canadian telecom infrastructure and reinforces Power Sustainable’s continued support of telMAX’s high‑performance fiber rollout. No advisory or legal firms were disclosed in the announcement.

Counterparties

Source article

📈 The Sherpa Signal — one notable infrastructure deal a day.

📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.