Best Telecom Companies in Quebec, Canada
The 63 best Telecom companies in Quebec, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: EXFO.
Our analysis of 100 Telecom companies
$83.4b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Telecom companies in Quebec
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | EXFO Provider of network testing, monitoring, and analytics solutions. | $62M | 115 mo ago | Acquired | Thomas Pincince Co-Founder & CEO | 1999 | — | — |
| 2 | oxio Provider of internet and television services | $32M | 59 mo ago | Acquired | — | 2017 | Cart FunctionalitySanityTurbopack+34 | — |
| 3 | Gaiia Provider of an operating system for telecom operators | $26M | 1 mo ago | Series B | Alexandre Verret Co-Founder & Engineering Team Lead | 2021 | Webflow EcommerceWebflowApple iCloud Mail+16 | 1 launch · 1 partnership · 1 expansion |
| 4 | NuRAN Wireless Provider of mobile network infrastructure and wireless solutions for underserved areas | $15M | 22 mo ago | Public | — | 2013 | WordPressMySQLPHP+20 | — |
| 5 | M5T Provider of VoIP Switches, Gatways and SBCs | $14M | 306 mo ago | Series A | — | 1992 | PageFlyCart FunctionalityShopify+11 | — |
| 6 | Wazo Provider of business communication | $6M | 57 mo ago | Series A | Sylvain Boily Co-Founder | 2014 | Cart FunctionalityWordPressMySQL+34 | — |
| 7 | LATYS Provider of wireless telecommunication infrastructure services | $2M | 40 mo ago | Seed | Gursimran Sethi Co-Founder | 2020 | — | 2 job openings |
| 8 | Multitel Remote asset management and monitoring solutions provider | $2M | 65 mo ago | Funding Raised | Theunis De Beer CEO | 1980 | WordPressMySQLPHP+30 | 1 launch |
| 9 | ATW Tech Provider of AI based communication and monetization services | $1M | 68 mo ago | Public | Michel Guay Founder | 2007 | — | — |
Top 11 Telecom companies in Quebec
#1
Series B · Quebec City, Quebec · founded 2021 · 27 employees$26.2Mraised▾
Provider of an operating system for telecom operators. It offers a platform for billing, operations, automation, and customer management.
- May 2026Series B$40M
- Jan 2025Series A—
- Jun 2024Series A$13.2M
- Oct 2023Seed$13M
#2
Public · Quebec City, Quebec · founded 2013 · 1 employees$14.9Mraised▾
Provider of mobile network infrastructure and wireless solutions for underserved areas. The company delivers affordable mobile network solutions, including equipment and related services. It offers solutions for mobile network operators to build and operate networks. The company provides services from planning and financing to integration and operations.
- Aug 2024Post IPO$2.2M
- Jun 2021Post IPO$3.2M
- Aug 2019Post IPO$401.1K
- Feb 2019Post IPO$838.8K
#3
Acquired · Quebec City, Quebec · founded 2017 · 87 employees$31.7Mraised▾
Provider of internet and television services
- Jul 2021Series A$19.8M
- 2021Seed$125K
#4
Acquired · Quebec City, Quebec · founded 1984$61.5Mraised▾
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- Nov 2016Post IPO$3.2M
#5
Series A · Quebec City, Quebec · founded 2014 · 32 employees$5.9Mraised▾
Developer of unified communication application designed to unleash the capabilities of the communication industry. The company's application includes telephony, video conferencing and instant messaging, enabling businesses and telecom service providers to accelerate their transition to unified communication as a service.
- Sep 2021Series A$5.9M
#6
Seed · Montreal, Quebec · founded 2020 · 8 employees$2.2Mraised▾
Provider of wireless telecommunication infrastructure services
- Feb 2023Seed$2.2M
- Apr 2022Seed—
#7
Series A · Sherbrooke, Quebec · founded 1992 · 176 employees$14.5Mraised▾
M5T is a subsidary of Media 5 Corporation provides a variety of products such as SIP-based solutions, including CPEs for on-premise deployments, mobile applications for collaboration and social networks, and professional services for development of SIP-enabled devices.SIP portfolio consists of SIP based solutions, unified communications for PBX, trunking and SDKs for development needs.
- Dec 2000Series A$14.5M
#8
Funding Raised · Quebec City, Quebec · founded 1980$1.7Mraised▾
Multitel provides remote asset management and monitoring solutions for multiple industries including telecom, power utilities, railways, and CATV operators in North America. Its product portfolio includes Fusion - a remote monitoring solution (use cases include telecom site management, capacity management, branch circuit monitoring), Firm - a web-based real-time visibility and management solution (use cases include rack management, battery management, data gathering), and accessories (battery monitoring system, battery discharge alarm system).
- Jan 2021Grant (prize money)$275.8K
- May 2020Grant (prize money)$442.3K
- Jan 2019Grant (prize money)$71.1K
- Nov 2017Grant (prize money)$757.3K
#9
Public · Montreal Est, Quebec · founded 2007$1.3Mraised▾
Provider of AI based communication and monetization services
- Oct 2020Post IPO$1.1M
- Mar 2018Post IPO$168K
#10
Funding Raised · Montreal, Quebec · founded 2020—raised▾
Provider of satellite-based mobile communication services. It offers direct-to-mobile satellite services for everyday devices and the Internet of Things (IoT), extending connectivity to underserved areas. These services include SMS, chat, voice, and email capabilities, addressing the coverage gap in mobile networks. Partnerships with mobile network operators are key to delivering continuous IoT communications for fixed and mobile devices. The company utilizes a fully operational satellite and cutting-edge, open-network satellite architecture to ensure seamless and reliable connectivity.
- Feb 2025Conventional Debt—
#11
Funding Raised · Montreal, Quebec · founded 2020 · 6 employees—raised▾
Provider of cloud-based network analysis solutions. It offers software for application performance management to track, predict and monetize, in real-time, 5G quality of service for industrials. It also provides AI-powered models for advanced analysis.
- Dec 2021Grant (prize money)—
- Aug 2021Grant (prize money)—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Telecom coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on 5G / 6G Networks is moving in Canada
A read on the academic research around 5G / 6G Networks — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,354 Canada-affiliated papers.
- University of Toronto256
- University of British Columbia221
- Institut National de la Recherche Scientifique211
- Concordia University182
- Université du Québec à Montréal173
- Beamforming154→326
- MIMO86→169
- Electronic engineering22→74
- Telecommunications5→53
- Base station15→47
- Beamforming279→364
- Telecommunications9→53
- Electronic engineering52→75
- Wireless15→34
- Base station46→63
- Telecommunications1→4
- Telecommunications link1→4
- Channel (broadcasting)3→5
- Wireless4→5
- MIMO9→10
Where 5g 6g is researched across Canada
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing 5g 6g patents in Canada
Canada 5g 6g patent filing is cooling — 17,876 filings from 8,000 assignees (2016–2025), led by Research IN Motion, Blackberry, Nortel Networks; annual filings 2698→812.
- Research IN Motion15153
- Blackberry9725
- Nortel Networks2296
- Huawei TECH942
- Interdigital Patent Holdings738
- Ericsson Telefon AB L M632
- CAI Zhijun587
- WI LAN584
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.