Cogeco expands Stateside after $1.36B buy of Atlantic Broadband

MONTREAL – Cogeco Cable is expanding into the U.S. after buying Atlantic Broadband for US$1.36 billion, the company announced Wednesday. Atlantic is the 14th largest cable television system operator in the United States, serving about 252,000 basic video customers in Pennsylvania, Florida, Maryland, Delaware and South Carolina. It also offers high speed Internet and telephony services. "This acquisition marks an attractive entry point into the U.S. market for Cogeco Cable”, said president and CEO Louis Audet, in a statement. “There are sizable opportunities for growth including: increasing the penetration of the small and mid-sized business segment, and maximizing the bundling...