Cogeco revenue increases nearly 5% in Q4

MONTREAL – Cogeco Inc. announced yesterday its fiscal results for its fourth quarter ended Aug. 31, which showed revenue increased 4.9% to $655.1 million compared to the same period last year. On a constant currency basis, revenue increased 8.4%. This was attributed to growth in the company’s Canadian broadband services revenue, which increased 10.1% mainly due to the company’s acquisition of DeryTelecom last December. Revenue growth was also attributed “to growth in the number of Internet service customers and a higher value product mix, combined with rate increases implemented by certain services, partly offset by a decline in video and...