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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MONTREAL – Cogceo Cable has overhauled and renamed some of its high speed Internet packages for residential and business customers in Ontario and Quebec, the company said this week.
The new speeds will automatically and progressively be rolled out to current subscribers, at no additional cost, while new customers may now subscribe to these enhanced packages, reads the company’s press release.
In Ontario and Quebec, the Turbo 30 package is now Turbo 40 after the download speed was increased to 40 Mbps. The Ultimate 55 and Ultimate 55 Unlimited packages saw their download speeds boosted to 60 Mbps, and are now…
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MONTREAL – He’s generally not the most outspoken CEO in land, but Cogeco’s Louis Audet made his most political statement yet in a speech to the Board of Trade of Metropolitan Montreal on Thursday and to journalists at a press conference afterward.
Audet made use of the speech to publicize a plea to the Canadian government to take in more refugees. Though the new Liberal government has promised to bring in 25,000 by the end of the year — something experts and critics have said would be difficult logistically — Audet said 100,000 a year should be feasible.
“It’s not a…
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MONTREAL – Growth in Cogceo Inc.’s cable and enterprise data services segment helped to drive up fourth quarter revenues by 5.6% and boost profits by 32.6%.
The Montreal-based company said late Wednesday that revenue for the period ended August 31, 2015 was $554.1 million, up from $524.5 million in Q4 last year. Profits of $78.5 million, of which $25.4 million is attributable to owners of the corporation, is due primarily to the improvement of adjusted EBITDA and the $27.4 million settlement of a claim with a supplier in the cable and enterprise data services segment, partly offset by increases in…
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MONTREAL – Tony Ciciretto is stepping down as president and CEO of Cogeco Cable’s newly renamed business unit Cogeco Peer 1, the company said late Wednesday.
He will be replaced by Philippe Jetté (pictured), who is currently SVP, chief technology and strategy officer of Cogeco Inc. To ensure a smooth leadership transition, Ciciretto has agreed to serve in an advisory role at Cogeco Peer 1 until December 31, 2015.
"It is with regret that we are announcing Tony's decision to step down to pursue other opportunities," said Cogeco Inc. president and CEO Louis Audet, in the announcement. "On behalf of…
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