OTTAWA – The federal government today announced $2.2 million in funding for Cogeco Connexion to bring new or improved high-speed Internet access and capacity to the communities of Mountain View and Glasgow Station.
In addition to the Government of Canada investment, Cogeco Connexion is contributing just over $995,000, bringing the total investment to $3.2 million. Glasgow Station is just west of Ottawa and Mountain View is in Prince Edward County, just south of Belleville.
The announcement was made by Bernadette Jordan, Minister of Rural Economic Development and the money comes from the Connect to Innovate program.
"Thanks to our strong regional presence,…
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Canadian broadband revenue slips
MONTREAL –Cogeco Communications reported Wednesday evening third quarter revenue increased by 3.6% to reach $587.3 million, mainly driven by the 10% growth in its American broadband services segment.
On a constant currency basis, revenue increased by 1.7% in the period ended May 31, 2019.
American broadband services revenue increased by 5.4%, resulting from rate increases implemented in August 2018, the continued growth in Internet and telephony services customers as well as the acquisition in late 2018 of the south Florida fibre network previously owned by FiberLight. The increase was partly offset by a…
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MONTREAL – Earlier this month Cogeco announced it has hired Marie Ginette Lepage (pictured) as its new vice-president, wireless solutions and innovation.
Lepage was most recently with Stingray, as SVP, global sales and mobile solutions and before that, she spent more than 10 years at Vidéotron where she held several senior roles. After managing the wireless service once offered by Vidéotron as a mobile virtual network operator (MVNO), she led the roll-out of the company’s mobile network in September 2010, notes Cogeco’s announcement to staff.
“In her role as Vice President, Wireless Solutions and Innovation, she is responsible for developing and…
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MONTREAL – Cogceo Communications is investing more than $1 billion over the next four years to push its broadband network and other services deeper in to Ontario and Quebec.
The company said Wednesday that its “strong regional presence” will allow it to increase access to high-speed Internet in unserved and underserved areas in the two provinces. Its hybrid fibre coaxial cable network is presently available in more than 400 municipalities via its Cogeco Connexion subsidiary.
“Thanks to the strong local presence we’ve been building for the past 60 years, we can gauge first-hand just how important high-speed Internet connectivity is for communities, and…
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GATINEAU – In its submission to the CRTC’s review of mobile services, Cogeco – which already offers cable, Internet and local phone in various markets in Quebec and Ontario – has proposed another way to get into wireless without losing its shirt.
With less than 800,000 wired subscribers, the company can hardly afford the cost of entry in the wireless club but definitely wants to add mobile so it can provide the entire bundle of services to customers. For years, Cogeco has been advocating a mandated Mobile Virtual Network Operator (MVNO) regime to piggyback on larger wireless operators at cost…
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MONTREAL – Cogeco Communications has wrapped the $720 million sale of its business information and communications technology services subsidiary Cogeco Peer 1 Inc. to investment firm Digital Colony.
Cogeco Peer 1’s portfolio includes over 3,300 route kilometers of owned, dense metro fibre in greater Toronto and Montreal, as well as several data centers across North America and Europe. When the deal was announced in February, Cogeco said that it would retain “significant” fibre capacity in Toronto and Montreal.
The company said Wednesday that it will use the bulk of the net proceeds from the sale to repay amounts outstanding under its term revolving facility…
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MONTREAL – Cogeco Communications said Thursday that the president and CEO of its U.S. subsidiary Atlantic Broadband is leaving the company to pursue personal interests.
Richard Shea has been with Atlantic Broadband since it was founded in 2003 and was named its president and CEO at the beginning of 2015. He will remain with the company for a short period of time to ensure a smooth transition.
CFO Patrick Bratton will assume the position in the interim while the search for a successor is underway.
“On behalf of my colleagues and the entire Cogeco Communications team, I’d like to thank Rich for his…
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MONTREAL – While second quarter revenues jumped 10.2%, Cogeco Communications saw profits for the period plunge by about 44% without the gains related to U.S. tax reforms that it recorded in the same period last year.
Profits for the period ended February 28, 2019 were $80.8 million, of which $76.3 million was attributable to the owners of the Corporation, down from $143.8 million, of which $140.9 million was attributable to owners of the Corporation in the comparable period of fiscal 2018. The company said late Tuesday that the variation is mainly due to last year's $94 million income tax reduction…
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TROIS-RIVIÈRES – Cogeco Connexion today announced the launch of its new managed Wi-Fi solution for small and mid-sized businesses in Quebec.
The complete and customizable solution will support the growing demand for fast and reliable internet connectivity by offering scalable solutions to match their current and future needs of its SME customers, says the release.
"(C)ompanies will benefit from adaptable solutions that can grow with them as they strive to increase their productivity, while reducing their operational and capital expenditures," said Antoine Shiu, vice president, marketing and sales, business solutions. "With the launch of our Managed Wi-Fi solution, our business customers…
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MONTREAL – Cogeco Communications is selling its business information and communications technology services subsidiary Cogeco Peer 1 Inc. to investment firm Digital Colony for $720 million.
Cogeco Peer 1’s portfolio includes over 3,300 route kilometers of owned, dense metro fiber in greater Toronto and Montreal, as well as several data centers across North America and Europe. Wednesday’s announcement said that the company will remain headquartered in Toronto and adopt a new brand.
Cogeco Communications said that it will retain “significant” fibre capacity in Toronto and Montreal under the deal, adding that it has signed a commercial agreement with Digital Colony “aimed…
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