Cable / Telecom News

Cogeco steady through Q4

MONTREAL - Cogeco Inc. last week announced its fourth quarter revenue increased by 1.1%, to reach $578.5 million, driven by growth of 1.4% in its Communications segment.That was partly offset by a decrease in its media division and business sector.Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased by 2.7% at August 31, 2017, to reach $251.4 million compared to the same period of fiscal 2016. Profit for the period amounted to $71.1 million, compared to $80.7 million for the fourth quarter of fiscal 2016.Free cash flow reached $51.8 million, a decrease of 41.1%, compared to the same quarter...