Cable / Telecom News

Growing Cogeco posts strong Q3

MONTREAL - Revenue at cable company and radio broadcaster Cogeco Inc. increased by 13.8% to $284 million in the third quarter and by 13.6% to $816 million for the first nine months of fiscal 2008, ended May 31st. Operating income from continuing operations before amortization grew by 22.4% to $117.2 million in the third quarter and by 21.1% to $327.8 million for the first nine months. Free cash flow reached $37.1 million in the third quarter and $79.5 million for the first nine months. In the company’s cable sector – which is by far the largest division of the company...