Cable & Telecom

Cable drives Cogeco income up 47%

MONTREAL - First quarter net income at Cogeco Inc, jumped 47.4% to $4.6 million compared to the same period last year. This increase in the first three months of fiscal 2006, ended November 30th, 2005, is mainly attributable to the cable sector, which benefits from increased digital video services, high-speed Internet (HSI) and digital telephony penetration as well as rate increases. Higher radio advertising revenue also helped. Net additions of Cogeco Cable basic customers were approximately 10,900 compared to about 7,700 for the same period last year. “The sustained appetite for digital video and HSI services continues to prevail as...