Cogeco expands U.S. operations with $200M acquisition of Connecticut’s MetroCast

MONTREAL – Cogeco Cable subsidiary Atlantic Broadband is buying the cable system owned by MetroCast Communications for US$200 million, the companies said Monday.MetroCast Connecticut's network passes close to 70,000 homes and businesses across nine communities in eastern Connecticut including New London, Waterford, East Lyme, Montville, Plainfield, Killingly, Sterling, Griswold, and Putnam. Additionally, MetroCast Connecticut's system serves approximately 23,000 TV, 22,000 Internet and 8,000 phone customers."With eastern Connecticut's strong demographics and MetroCast Connecticut's well-maintained networks, this acquisition brings sizeable residential and business growth opportunities," said Atlantic Broadband president and CEO Richard Shea, in the announcement. "Our goal is to deliver the...