Tucows Signals Change Ahead for Ting Internet

WASHINGTON, May 11, 2026 – Ting Internet could face major changes after its parent company said Thursday it was pursuing a “strategic process” for the business.

Ting Internet added 2,900 subscribers during the first quarter to reach 56,800 total, as revenue rose 19 percent year-over-year to $19.4 million. Tucows did not specify whether the strategic process could involve a sale, spin off, or other restructuring. 

“The Ting strategic process remains a top priority,” David Woroch, president and CEO of Tucows, said in earnings remarks released Thursday. “We are actively working toward an outcome that creates long-term value for shareholders.” 

Ting Internet provides fiber service in more than a dozen cities through a flexible mix of arrangements. 

The provider serves as an anchor tenant on open-access municipal networks, such as in Colorado Springs; leases capacity from city-owned backbone networks to extend service, like in Culver City, California; and operates its own network in select markets such as Alexandria, Virginia.

“Ting’s trajectory continues to improve,” Woroch said, pointing to accelerating subscriber growth and EBITDA losses that were “cut in half year over year.” 

Ting added 5,100 subscribers year-over-year. Adjusted EBITDA losses at Ting narrowed to $430,000 in the quarter, improving from an $854,000 loss during the same period last year. 

Tucows executives attributed the improvement to subscriber growth, tighter capital discipline, and revenue contributions from the senior living contract. 

Company officials also said Ting’s “partner footprint continues to expand,” which executives described as creating a “more capital-efficient path to growth.” 

Ting has previously emphasized partnerships with local governments and municipal fiber networks as part of its expansion strategy, saying the approach helps accelerate deployments and extend service across entire communities. 

Across Tucows overall, consolidated first-quarter revenue increased 2 percent year-over-year to $96.7 million, while adjusted EBITDA fell 15 percent to $11.7 million. The company said the EBITDA decline was primarily driven by legacy mobile business obligations and continued investment in Wavelo's sales and marketing operations. 

Tucows posted a net loss of $18.1 million during the quarter, compared to a $15.1 million loss in the first quarter of 2025. 

The company ended the quarter with $61.9 million in cash and cash equivalents, restricted cash, and restricted cash equivalents, and said it remained in compliance with its debt covenants.