MONTREAL – Cogeco Inc. said Tuesday that Audet family holding company Gestion Audem Inc. is selling144,090 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 365,720 subordinate voting shares of Cogeco, representing in aggregate 70.5% of the voting rights associated with all shares of Cogeco (compared to 70.8% 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 Inc….
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MONTREAL – Cogeco is partnering with Centraide of Greater Montreal to support an innovative project designed to help foster the successful integration of Syrian refugees in Canada.
‘Training for Better Newcomer Integration’ aims to ensure that Syrian refugees will integrate successfully into the community and contribute fully to its social and economic vitality. Cogeco will invest $500,000 over five years to develop and implement a training program to help community and institutional stakeholders equip the many front-line workers involved in refugee integration with the tools that they need.
The tools developed under this initiative will be offered to the agencies supported…
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MONTREAL – Cogeco Connexion has flipped the switch on its new free wireless Internet network in the Halton region of Ontario.
The company said Wednesday that it has been strategically building the public Wi-Fi network over the last few years by setting up hotspots indoors and outdoors in core areas of the cities Burlington, Oakville, Milton and Georgetown. With nearly 400 hotspots, the network was largely built by leveraging Cogeco Connexion’s business customers and covers locations such as retail shops, restaurants and professional services offices. Hotspots have also been installed in outdoor public places like Millcroft Park in Burlington, Oakville…
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MONTREAL – Cogeco Connexion has eliminated 20 jobs from its operations in Ontario and Quebec as part of a restructuring initiative.
A company spokesperson confirmed to Cartt.ca on Thursday that the reorganization “will increase our capability to be more customer-centric and will allow us to be more agile.” Other employees have been promoted or offered different position within the organization.
“We are evolving in a highly competitive marketplace”, reads the emailed response. “We need to transform ourselves in light of the ever-changing consumer habits and technology, and to remain competitive in this challenging and stimulating industry. We have to continue to put…
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MONTREAL – Cogeco Connexion is investing more than $250,000 to roll out its fibre optic network to serve the city of Saint-Jérôme-de-Matane.
Work to install the network will begin this month, and residents and business will be able to access Cogeco Connexion’s television, high-speed Internet and telephony services in the next few months.
“Cogeco Connexion already owns and operates a fiber optics network of over 11,000 km in Ontario and Québec, and the ongoing expansion of our network into high-potential markets is a business priority for us”, said VP customer solutions Michel Blais, in the news release. “To that end, we…
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MONTREAL – Cogeco and subsidiary Cogeco Cable held their annual general meetings in Montreal on Wednesday, preceded by a conference call with analysts and a meeting with journalists. Here’s what we heard.
Wireless
“It’s been 10 years that you’ve asked me that question,” Cogeco CEO Louis Audet told journalists, and he had it again in the investor conference call. But the logic hasn’t changed, even as Shaw’s acquisition of Wind Mobile makes Cogeco the largest Canadian cable or telecom provider without a wireless service.
“Our perception since the beginning is that if we enter this industry it has…
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MONTREAL – Growth in Cogceo Inc.’s cable and enterprise data services segment and U.S. cable services operations helped to buoy its first quarter revenues and profits.
The Montreal-based company reported revenue of $582.9 million for the period ended November 30, 2015, up 8.3% from $538.4 million in the same period last year, driven by growth in its Cable and Enterprise data services segment mainly through improvements at its American cable services operations, favorable foreign exchange rates, and increases in its radio and out-of-home advertising segments.
A 2.2% rise in profits to $66.8 million, of which $25.2 million is attributable to owners of the…
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MONTREAL – Cogeco’s radio subsidiary Cogeco Diffusion Inc. has sold off Métromédia CMR Plus Inc. (Cogeco Métromédia) almost four years to the date that it first acquired the transit advertising company.
The company said Tuesday that Cogeco Métromédia has been sold to Bell Media Inc., the owner of Astral Out of Home. Financial terms of the deal were not disclosed.
Cogeco Métromédia is an out-of-home advertising company specializing in the public transit sector.
"Our experience with Cogeco Métromédia has been both positive and profitable," said president and CEO Louis Audet, in the news release. "We have been in the media industry since Cogeco's…
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MONTREAL – Cogeco Cable Canada has named Daniel Boisvert as VP marketing and innovation, and Antoine Shiu as VP business solutions sales.
Boisvert (right) has more than 25 years of experience with large corporations in the telecommunications, media and new technologies fields, most recently as president of Strategika International. He has also been president and CEO of Sympatico-Lycos (Bell Canada), and held strategic positions with BCE, Bell ActiMedia and Teleglobe.
In his new role, Boisvert will provide strategic leadership to roll out flexible products and services that are on the leading edge of technology, reads the announcement. He will also…
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MONTREAL – Cogeco Cable Inc. needs shareholder approval to officially change its name to Cogeco Communications Inc., a moniker that it says better expresses its footprint, and clearly and strongly evokes its profile and unique areas of expertise.
The company said Wednesday that this topic was added to the agenda in the proxy circular to be delivered to shareholders next week, and that voting on the new name will take place at its annual shareholders' meeting on January 13, 2016 in Montreal.
In addition, the company is also reviewing of the name of its Cogeco Cable Canada subsidiary, though this analysis…
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