Cable / Telecom News

Canada, Portugal, both producing for Cogeco

MONTREAL – Cogeco is making more than a few doubters eat crow these days, given its recent operating results. When it acquired Portugal’s Cabovisao on 2006, there was a lengthy line of complainers decrying the company’s decision to branch out beyond Canada. But, results across the Atlantic have been stellar and the company’s Canadian growth has continued unabated. For the fourth quarter and the full year of fiscal 2007, ended August 31st, consolidated revenue grew 39.7% to $244.3 million and 51.4% to $938.9 million, respectively. Consolidated operating income before amortization increased 40.6% to $102.4 million and 46.6% to $370.8, million...