MONTREAL – Driven by growth at Cogeco Communications, Cogeco Inc. saw a third quarter increase in revenue and profits.
Profit for the period ended May 31, 2017 amounted to $82.1 million, of which $30.0 million was attributable to owners of the Corporation, compared to a $381.9 million loss for the third quarter of fiscal 2016 of which $117.7 million was attributable to the owners of the Corporation.
The profit progression resulted from last year's non-cash pre-tax impairment of goodwill and intangible assets of $450 million and from the claims and litigations of $10.5 million which both occurred in the Communications segment, the…
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MONTREAL and QUINCY, MA – Cogeco Communications subsidiary Atlantic Broadband is buying the MetroCast cable systems in the eastern United States for US$1.4 billion, the company announced early Monday.
MetroCast's networks pass close to 236,000 homes and businesses in New Hampshire, Maine, Pennsylvania, Maryland and Virginia and serve approximately 120,000 Internet, 76,000 video and 37,000 telephony customers.
Cogeco said that the Caisse de dépôt et placement du Québec pension fund will provide US$315 million in return for a 21% equity stake in Atlantic Broadband's holding company, while the remaining balance of the purchase price and transaction costs will be financed through…
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TORONTO – Cogeco Peer 1 is expanding its Multi-Protocol Label Switching (MPLS) connectivity services to customers in the United States and Europe, providing more businesses with a holistic solution that it says can help to reduce IT complexity and enable digital transformation.
MPLS technology enables customers to build a secure and private ‘any-to-any’ network that connects multiple locations with the lowest latency routes, reads the news release. Thanks to its fully managed and diverse network with over 48,000 km of fibre routes, businesses with multiple locations in multiple countries can also leverage the power of MPLS.
“Cogeco Peer 1 MPLS…
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MONTREAL – Cogeco Connexion brought its Gigabit Internet service to Quebec Tuesday, launching in various sectors of Trois-Rivières.
UltraFibre 1Gig service will roll out in successive phases in the Ontario and Québec markets where Cogeco Connexion provides services. It debuted in Cogeco’s Oakville and Burlington, ON markets last November.
According to the company’s website, pricing starts at $148.95 per month for residential customers and includes the 1 Gig modem, the advanced AC Wi-Fi router and up to 2 AC Wi-Fi extenders (additional AC Wi-Fi extenders are offered at $4.95/month each). Business customers will pay $179.95 per month with a three year…
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TORONTO – Some rural and remote communities with poor Internet connectivity are looking at setting up their own service for residents rather than wait for big carriers to come into their area. but the head of Cogeco’s cable operations has gently warned municipalities and utilities in Ontario and Quebec that the private sector has the money and expertise to do it better.
“We are convinced Internet service providers are better equipped and better positioned to develop these types of networks,” Ken Smithard, president of Cogeco Connexion, told the Canadian Telecom Summit on Monday.
In particular, he said, there are high operational…
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TORONTO – Cogeco Peer 1 has named Jaime Leverton to the role of vice-president and general manager for Canada and Asia Pacific (APAC).
Over the past 15+ years, Leverton (pictured) has worked in various executive roles with National Bank, BlackBerry, Bell Canada, and IBM Canada. In her new role with Cogeco Peer 1, she will oversee sales, customer management, and the delivery of the full suite of ICT solutions to medium and enterprise customers across Canada and APAC.
"Jaime is a dynamic leader with a proven track record of transforming organizations with creative thinking and strategic execution”, said president Philippe Jetté,…
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MONTREAL – Cogeco Inc. saw a small uptick in revenue for the second quarter of its fiscal year, rising to $586.4 million from $578.5 million year-over-year.
For the period ended February 28, 2017, adjusted EBITDA increased by 2.3%, to reach $258.0 million compared to the same period in fiscal 2016 as a result of the improvement in its Communications segment and media activities despite the prior year's sale of Métromédia CMR Plus Inc.
Profit for the period amounted to $78.2 million of which $25.9 million was attributable to owners of the Corporation, compared to $75.7 million for the second quarter of fiscal…
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MONTREAL – Cogeco Connexion rolled out a new TiVo 4K PVR Tuesday as well as added TSN 4K to its channel lineup.
Customers may now subscribe to the TiVo 4K service, a multi-TV receiver that records up to six programs simultaneously plus provides online content via direct access to Netflix. The device also offers the flexibility to access content on TV as well as on tablets and smart phones, both in and out of the home.
"This evolution in our offering is consistent with our ongoing commitment to better meet the changing needs of our customers, who are adopting 4K technology in ever…
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MONTREAL – Cogeco Connexion has acquired Quebec cableco Briand et Moreau Câble Inc., the company said Wednesday. Financial terms of the deal were not disclosed.
Based in Grande-Rivière on the Gaspé Peninsula, Briand et Moreau Câble offers TV and Internet services to approximately 2,500 residents in the region.
"Extending our network and allowing more consumers to benefit from better connectivity is one of our key business priorities," said Cogeco Connexion president Ken Smithard, in the news release. "We are pleased to count the residents of Grande-Rivière among our clients, and to offer them flexible and efficient services delivering a peerless entertainment…
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MONTREAL – Cogeco Connexion has beefed up its Internet security offering with a new option that extends protection to customers' mobile devices, regardless of their mobility provider.
High-speed Internet customers already benefit from the enhanced security offering at no additional cost, reads the company’s news release. For $5.99 per month, they may also opt for the Cogeco Security Go package, with coverage that extends to an unlimited number of devices including all of their mobile devices.
Powered by F-Secure, Cogeco Security and Cogeco Security Go provides protection against viruses, spyware, phishing emails and other online threats; offers parental control; online browsing…
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