Cable / Telecom News

Cogeco posts solid Q1


MONTREAL – On Thursday evening, Cogeco Inc. reported revenue increased by 4.5% in its 2021 fiscal first quarter, ended November 30, 2020, to reach $646.4 million. Canadian broadband services revenue increased by 2.2% “as a result of the cumulative effect of sustained demand for residential high speed Internet since the beginning of the pandemic due to customers spending more time at home for work, online education and entertainment purposes, and rate increases implemented for certain services, partly offset by a decline in video service customers,” said the press release. At its U.S. Atlantic Broadband division, “services revenue increased by 9.8%...