Markham (Rural Roots Canada) – Xplore Inc., Canada’s largest rural broadband provider, has obtained creditor protection as it seeks to restructure its business and capital structure.

The Markham, Ont.-based company announced it received an initial order under the Companies’ Creditors Arrangement Act from the Ontario Superior Court of Justice.

Xplore said it will continue operating its networks and serving customers without disruption during the court-supervised restructuring.

The company said its fibre broadband expansion projects require hundreds of millions of dollars in upfront investment, with government subsidies typically paid toward the end of construction.

Permitting delays, external challenges and the timing of subsidy payments have added pressure on its ability to raise capital, despite maintaining strong relationships with government partners.

Xplore said it has secured debtor-in-possession financing to maintain services for hundreds of thousands of Canadians. Existing customer agreements, rates and support commitments remain unchanged.

Chief executive Brent Johnston said the company intends to emerge from the proceedings in a stronger position.