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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TORONTO – Cogeco Peer 1 has named Cynthia Jordan-Ford to the role of vice-president and general manager, U.S. and Latin America.
Jordan-Ford (pictured) brings over 25 years of experience in IT sales and service leadership to the role, having held positions with Xerox, Sprint, AT&T, Savvis (CenturyLink), and Virtustream.
Based in Atlanta, Georgia, she will be responsible for the tactical and strategic direction of the organization in the United States and Latin American regions, overseeing operations and driving revenue growth.
"We have appointed Cynthia to this role to inspire new levels of innovation and performance and strengthen regional collaboration”, said president Philippe…
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MONTREAL – Cogeco Inc. is actively looking at more acquisitions in cable companies in the United States, but has ruled out acquisitions in the data services sector over the next year after a 2016 in which “our results have been disappointing” at subsidiary Peer 1, president Louis Audet said on Thursday at the company’s annual shareholders’ meeting in Montreal.
The company’s year-end financial results were mostly positive, with earnings increasing and a higher dividend to shareholders, both from Cogeco Inc. and subsidiary Cogeco Communications Inc. But a $450-million writedown at Peer 1 technically put the company in the red…
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MONTREAL – Cogeco Inc.'s revenue remained essentially the same at $583.1 million in the first quarter of its fiscal year, ended November 30th 2016, compared to $582.9 million in Q1 2015, the company said in a release Wednesday evening.
Adjusted EBITDA increased by 2.4%, to reach $261.3 million compared to the same period of fiscal 2016 as a result of the improvement in its Communications segment.
Profit for the period amounted to $82 million, compared to $66.8 million for the first quarter of fiscal 2016. The increase is mainly due to the improvement of adjusted EBITDA combined with the decrease in depreciation…
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MONTREAL – Cogeco Connexion launched its new UltraFibre 120 high-speed residential Internet package in several regions of Quebec Wednesday.
The package, available now in the Alma area in the Lac-Saint-Jean region, the Plessisville area in the Centre-du-Québec region, the Valleyfield area in the Montérégie region, and in the Estrie region, promises download speeds of up to 120 Mbps and upload speeds of 10 Mbps (previously limited to 2 Mbps), in addition to monthly data transfer capabilities of 400 GB.
Cogeco has priced UltraFibe 120 with a 400 GB bitcap at $64.95 per month for the first six months, and $94.95 per…
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MONTREAL – Cogeco Connexion also unveiled its new television packaging Wednesday, with channels now available either individually or in small theme packages.
Its entry-level package Basic Channels, priced at $25 per month, also includes affiliates of the major American networks and is a prerequisite for other packages or individual channels.
Customers may also create their own My Mix packages of 10, 20, 30 or 40 channels in Ontario, or 10, 15, 20 or 30 channels in Québec, or opt for the ready-made Perfect Mix ($68 per month, with a six month promotional price of $35) or the Ultimate Mix for $95…
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MONTREAL – Cogeco Connexion launched Gigabit Internet service to customers in Oakville and Burlington, Ontario on Wednesday.
UltraFibre 1Gig service will roll out in successive phases with deployment in Quebec slated for the spring of 2017. According to the company’s website, pricing starts at $148.95 per month for residential customers and $179.95 per month for business customers.
Cogeco Connexion said it is launching this service to prepare for the ultra-connected homes and businesses of the future, utilizing its hybrid network consisting of coaxial cable (HFC) and 11,000 km of linear fibre running from Windsor, Ontario to Gaspé in Québec.
“With online entertainment…
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