MONTREAL — More than 4,600 homes and businesses in eastern and southwestern Ontario will soon be able to access high-speed Internet services from Cogeco Connexion as a result of a $7-million investment announced today by Cogeco Communications.
“Thanks to this investment, 1,000 homes and businesses will be connected in southwestern Ontario to serve the communities of Amherst Pointe and Willow Beach in Amherstburg, and Cedarhurst Park and Cedar Island in Kingsville (near Windsor). In addition, 3,600 homes and businesses in Vankleek HIll, L’Original and Chute-a-Blondeau in the Hawkesbury area (east of Ottawa) will be able to benefit from our network…
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MONTREAL- Cogeco Connexion announced Wednesday it will spend $4.5 million to expand its network to 5,000 homes and businesses in the municipalities of Val-des-Monts (north of Gatineau), Lac à la Truite, and Lac Rond (both north of Montreal).
“We remain committed to offering the best services to our customers and to meeting the highest standards of connectivity and reliability through ongoing investments in our network infrastructure, while also upholding our societal goal to provide the best access to our communities,” said Frédéric Perron, president of Cogeco Connexion, in the press release.
With a fibre network deployment of 173 kilometres, these two…
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MONTREAL and TORONTO – Rogers is not just going to quietly walk away from its attempted purchase of Cogeco’s Canadian assets, which the company made clear with another statement today which says it would maintain the company’s headquarters in Montreal and hire even more people if shareholders approve the purchase.
As reported, Altice USA made a $10.3 billion bid for Cogeco Inc. and Cogeco Communications because it wants the company’s American network operations, Atlantic Broadband. The U.S. company came to an agreement to sell Cogeco’s Canadian operations to Rogers, which is already a significant Cogeco shareholder.
Cogeco’s board and controlling shareholder…
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NEW YORK and TORONTO – Despite the utter rejection of its bid to buy Cogeco Inc. and Cogeco Cable Wednesday, suitors Altice USA and Rogers Communications issued a release Thursday indicating they will continue to push for the acquisition, saying the $10.3 billion offer is more than fair.
“We strongly believe that we presented a very attractive offer – one that would reward all Cogeco shareholders with a significant premium – and we stand by that offer. We remain committed to pursuing this transaction and are open to engaging with shareholders and the boards in a constructive dialogue.”
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Additional deal would have seen Rogers get Canadian ops for $4.9 billion
By Greg O’Brien
NEW YORK – It was a fast news cycle for Cogeco on Wednesday.
The day opened with the announcement Altice USA, which owns broadband and cable providers Optimum (formerly Cablevision) and Suddenlink, among other assets, offered to buy Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) for C$10.3 billion. It submitted the offer to Cogeco on Tuesday after the close of markets and announced it had done so before they opened on Wednesday morning.
Altice also said it entered into an arrangement to sell all of Cogeco’s Canadian…
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PETERBOROUGH and MONTREAL — Suppliers Lindsay Broadband and Belgium-based Accelleran announced today Cogeco Communications is testing their one-box small cell solution for LTE deployments in hybrid fibre coax (HFC) networks with DOCSIS backhaul, as part of a multivendor field trial on Cogeco’s network in Quebec.
Lindsay and Accelleran have partnered to deliver a one-box solution (the LBSCS-A1-EA, pictured) comprising an LTE small cell operating in the 3.5 GHz band, an industrial-hardened DOCSIS 3.1 modem, and a surge-protected power supply system (40-90 VAC cable plant input is converted to DC and Power over Ethernet).
This solution is generally intended for deployments in…
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MONTREAL – Cogeco Inc. reported solid third quarter results late on Wednesday, recording a 1.4% increase in revenue to $626 million and adjusted EBITDA of $298.4 million, an increase of 2.9% compared to the same quarter of 2019.
While the company did take a hit on the radio side as advertising has plummeted during the Covid-19 crisis, its press release said “the situation had various impacts on our business during the last quarter. However, these Covid-related impacts did not have a material effect on our results.” Cogeco’s cable, ISP and telecom businesses in southern Ontario and Quebec and in the…
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By Ken Kelley
TORONTO – Cogeco president and CEO Philippe Jetté said Wednesday he believes the company’s own network advancements are the key to helping fend off Bell’s fibre expansion throughout southern Ontario.
Jetté (above) told the TD Securities Telecom and Media Conference (held online), the company isn’t yet seeing any material impact stemming from Bell’s Fibe rollout in cities like Hamilton, where the two are in direct competition with one another.
“In terms of overlap, Bell isn’t moving fast,” Jetté said. “We’ve seen them take 1% of the fiber-based network. We aren’t too concerned about their progress in these areas, as…
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GATINEAU — The CRTC has accepted Cogeco Connexion’s request for final offer arbitration with Bell Media regarding a dispute between the companies over wholesale rates for distribution of Bell’s French language youth channel VRAK.
In a letter dated May 21, the Commission asks Cogeco and Bell to file their final offers for the linear and multiplatform wholesale rates for distribution of VRAK by Cogeco. The final offers are due by June 5, 2020. After examination, the Commission will select one in its entirety and the decision will be binding on the two companies (unless of course they come to…
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MONTREAL – Cogeco Communications has appointed Frédéric Perron as president of Cogeco Connexion, effective September 1, 2020. He will be based at the division’s Ontario headquarters in Burlington.
Perron (pictured in his LinkedIn photo) has over 20 years of managerial experience at international telecommunications and financial services companies such as T-Mobile, Vodafone, and Capital One. He replaced Ken Smithard, who retired earlier this year.
“Frédéric is a strong leader, who excels in combining strategic vision, commercial management and operational efficiency and I look forward to him joining our organization and sharing his breadth of experience,” said Philippe Jetté, Cogeco’s president and…
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