Data services a struggle, but Cogeco still sees opportunity in U.S. cablecos

By Steve Faguy

MONTREAL - Cogeco Inc. is actively looking at more acquisitions in cable companies in the United States, but has ruled out acquisitions in the data services sector over the next year after a 2016 in which “our results have been disappointing” at subsidiary Peer 1, president Louis Audet said on Thursday at the company’s annual shareholders’ meeting in Montreal.The company’s year-end financial results were mostly positive, with earnings increasing and a higher dividend to shareholders, both from Cogeco Inc. and subsidiary Cogeco Communications Inc. But a $450-million writedown at Peer 1 technically put the company in the red for the...