MONTREAL – Cogeco Connexion has been named Company of the Year for 2018 by Women in Communications and Technology (WCT).
The annual award honours a Canadian company that has made a significant contribution to industry practices in equity and diversity, creating a workplace that supports women's advancement.
"I am very proud of this recognition of our tangible commitment to making Cogeco Connexion a diverse and inclusive organization," said Cogeco Connexion president Ken Smithard, in the news release. "Diversity and equity are core principles with deep roots in our corporate culture. I am particularly proud of Cogeco Inc. and Cogeco Connexion's…
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MONTREAL – The Cogeco Program Development Fund took its final bow after 25 years of supporting the development and production of Canadian series, TV movies, pilots, and web series.
As Cartt.ca reported, the Fund, now known simply as the Cogeco Fund, transferred its program funding to its long standing partner the Independent Production Fund (IPF) effective January 1, 2018.
According to the 2017 Annual Report, which covers the 16-month period from September 1, 2016 to December 31, 2017, the Fund supported the development of eight web series in French and 11 web series in English, as well as the…
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MONTREAL – Cogeco Inc. said Tuesday that Audet family holding company Gestion Audem Inc. is selling 288,180 subordinate voting shares on a private placement basis.
The transaction does not alter the control of Cogeco since, upon completion of this transaction, Gestion Audem will retain control and ownership over 1,809,660 multiple voting shares and 77,540 subordinate voting shares of Cogeco, representing in aggregate 71.2% of the voting rights associated with all shares of Cogeco (compared to 71.8% of the voting rights prior to the transaction).
"This transaction represents only a small percentage of Gestion Audem's holding in Cogeco Inc.," said Gestion Audem…
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TORONTO – Cogeco Peer 1 today announced a new software-defined wide area network (SD-WAN) service, partnering with Nuage Networks from Nokia.
"As one of the first international managed services providers to offer an innovative SD-WAN solution to businesses in the US, UK and Canada, we're excited to provide customers with the agility and next-level connectivity they need to realize their true cloud potential," said Bertrand Labelle, vice-president marketing and innovation, in a press release.
SD-WAN technology is uniquely optimized to meet the growing requirements of cloud computing, says the Cogeco release. "SD-WAN addresses the transformation of branch WANs and cloud…
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MONTREAL – Cogeco Connexion announced Tuesday expansion of its DOCSIS 3.1 network enhancement program will continue over the next three years and enable the progressive roll-out of its gigabit offering in its Ontario and Québec markets.
This program complements the expansion and upgrade projects already carried out in recent months, says its press release. The company “will continue to augment its node segmentation efforts and drive fibre deeper into its access network,” reads the release. Cogeco’s hybrid fibre-coax network runs from Windsor, Ontario to Gaspé, Québec.
"We are not only convinced that innovation and new technologies are key business drivers,…
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TORONTO – Cogeco Peer 1 is adding Managed Microsoft Azure Services to its global cloud portfolio, allowing customers to select from a fully customizable list of Azure expertise and scalable services.
The company said that its range of Azure services now span the complete cloud platform, encompassing solution design/build, migration, ongoing management and connectivity. Each service can be accessed independently, bringing choice and flexibility to customers.
In addition to this customizable approach, ongoing management of Azure is on a consumption basis, so management fees flex as Azure usage changes, making it as efficient as possible for customers to unlock the full…
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MONTREAL – Cogeco has published its fourth Corporate Social Responsibility (CSR) Report, highlighting its targets and commitments, as well as material issues linked to its environmental, social and governance (ESG) performance.
The report, issued once every two years, is produced according to the international Global Reporting Initiative guidelines, Cogeco said. Achievements during the period covered by this report include the implementation of a supplier code of conduct and its progressive adoption, the reduction of the company’s greenhouse gas emissions, and the integration of all business units under the CSR program with the most recent onboarding of Cogeco Media.
"Our CSR program…
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MONTREAL – Cogceco Communications credited growth in its Canadian broadband services for an uptick in revenues and profits for its first quarter of fiscal 2018 ended November 30, 2017.
Profit for the period was essentially flat at $76.5 million compared to $75.0 million in the comparable period of fiscal 2017, mainly as a result of the decreases in depreciation and amortization and in financial expense, mostly offset by a lower adjusted EBITDA and an increase in income taxes.
Revenue increased 0.8% to $553.6 million from $549.1 million year-over-year, mainly driven by the growth of 3.2% in the Canadian broadband services segment,…
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Radio, Peer 1, doing just fine; wireless still a maybe
MONTREAL – Louis Audet doesn’t like to discuss politics, no matter how many times he’s asked to by journalists, but Donald Trump and the Republican Party have been good for the Cogeco CEO’s business.
The corporate tax cut passed by the U.S. government recently will result in an estimated $89 million in reduced income taxes to be paid by its growing U.S. subsidiary Atlantic Broadband. And the company expects to pay only minimal U.S. taxes (about $10 million total) until 2025, Audet said.
Chief Financial Officer Patrice Ouimet said the $89-million savings…
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MONTREAL and QUINCY, MA – Cogeco Communications subsidiary Atlantic Broadband has wrapped up its acquisition of the MetroCast cable systems, expanding its operations across 11 states on the U.S. east coast.
The US$1.4 billion deal was first announced in July 2017. At that time, the company said that MetroCast's networks passed close to 236,000 homes and businesses in New Hampshire, Maine, Pennsylvania, Maryland and Virginia and served approximately 120,000 Internet, 76,000 video and 37,000 telephony customers.
As of now, MetroCast will maintain its existing brand name and will continue to offer its current TV, Internet and phone services to business and…
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