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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MONTREAL and TORONTO – The Cogeco Program Development Fund, the Independent Production Fund and Cogeco Communications announced Monday they’ve concluded an agreement to ensure “the sustainability of the CPDF's Canadian television production funding activities,” says the press release.
This new agreement will become effective on January 1, 2018.
The CPDF and the IPF had been co-operating with each other since 1992 by sharing resources for the processing of funding applications and the administration of the CPDF's program funding activities, which are supported financially by the annual contributions of Cogeco's regulated broadcasting distribution undertakings to independent production funds and the returns…
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TORONTO – Cogeco Peer 1 has unveiled an updated and refreshed version of its Map of the Internet app, a 3D visualization of the world's networks and how they are connected.
Built as an educational tool for anyone who has ever wondered what the Internet actually looks like and how it has evolved, the open source Map of the Internet app for iOS and Android brings to life all the networks worldwide that are interconnected to form the Internet. Users can explore where Google and Facebook are located on the Internet, in addition to ISPs, Internet exchange points,…
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MONTREAL – Cogeco Inc. last week announced its fourth quarter revenue increased by 1.1%, to reach $578.5 million, driven by growth of 1.4% in its Communications segment.
That was partly offset by a decrease in its media division and business sector.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased by 2.7% at August 31, 2017, to reach $251.4 million compared to the same period of fiscal 2016. Profit for the period amounted to $71.1 million, compared to $80.7 million for the fourth quarter of fiscal 2016.
Free cash flow reached $51.8 million, a decrease of 41.1%, compared to the…
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MONTREAL – Cogeco Connexion is extending its new UltraFibre 120 high-speed residential Internet package to more areas of Quebec as it continues to upgrade its network.
The company said Tuesday that it is boosting upload and download speeds on some of its residential Internet packages in select areas of Newport and Roberval, and launching its new high-speed UltraFibre 120 and unlimited UltraFibre 120 packages for residential customers.
Customers subscribing to Cogeco’s UltraFibe 40, UltraFibe 40 Unlimited, UltraFibe 60 or UltraFibe 60 Unlimited in these areas will automatically be upgraded to the increased speeds at no extra costs.
www.cogeco.ca
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TORONTO – Bell Media’s CraveTV is now available to Cogeco customers in Ontario.
Subscribers now have access to more than 10,000 hours of television content for instant streaming, including Emmy Award winner The Handmaid’s Tale and all three seasons of original series Letterkenny (pictured). Customers may subscribe to Crave TV through Cogeco’s call centre and log in on the Crave TV app with their Cogeco My Account credentials.
“This evolution in our offering is consistent with our ongoing commitment to better meet the changing needs of our customers, while offering them an amazing entertainment experience,” said Cogeco Connexion marketing and innovation VP…
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MONTREAL – When a U.S. branch of Montreal-based Cogeco Communications paid US$1.4 billion for the rest of the MetroCast cable network this year, onlookers wondered how big the company wants to grow down south.
Pretty big, CEO Louis Audet suggested Wednesday at an investor conference in Montreal run by CIBC. “We have the potential for our U.S. operations to become bigger one day than our Canadian operations” in Quebec and Ontario, he said. “There is sufficient acquisition potential for that to occur … Now you need to work hard and be a bit lucky.”
Cogeco’s first…
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