MONTREAL – Cogeco Inc. credited favourable exchange rates plus growth in its cable divisions, both here and Stateside, for a 4.1% increase in third quarter revenues and a 86% jump in profits.
The Montreal-based company said late Tuesday that revenue for the period ended May 31, 2015 was $557.8 million, up from $536.1 million in Q3 last year. Profits of $66.3 million, of which $22.6 million is attributable to owners of the corporation, reflected improvement of the adjusted EBITDA combined with last year's impairment of property, plant and equipment of $32.2 million, partly offset by increases in financial expense and…
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MONTREAL – Cogeco Cable subsidiary Atlantic Broadband is buying the cable system owned by MetroCast Communications for US$200 million, the companies said Monday.
MetroCast Connecticut's network passes close to 70,000 homes and businesses across nine communities in eastern Connecticut including New London, Waterford, East Lyme, Montville, Plainfield, Killingly, Sterling, Griswold, and Putnam. Additionally, MetroCast Connecticut's system serves approximately 23,000 TV, 22,000 Internet and 8,000 phone customers.
"With eastern Connecticut's strong demographics and MetroCast Connecticut's well-maintained networks, this acquisition brings sizeable residential and business growth opportunities," said Atlantic Broadband president and CEO Richard Shea, in the announcement. "Our goal is to…
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MONTREAL – Cogeco Cable has launched a new business phone service designed to meet the specific communications needs of its Fibre Services customers.
The new Hosted PBX – Fibre, Session Initiation Protocol (SIP) Trunking, and Primary Rate Interface (PRI) Replacement solutions share the objectives of lower phone service costs and improved productivity, plus are scalable to meet customers’ future needs, according to the news release.
The Hosted PBX – Fibre solution offers business customers a highly scalable solution that includes over 40 calling features and is powered by Cogeco Cable Canada's fibre-optic network. Hosted PBX – Fibre is perfect for companies…
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MONTREAL – Cogeco Cable Inc. is merging its Cogeco Data Services and Peer 1 Hosting subsidiaries into a new segment known as Enterprise Data Services.
Cogeco Data Services is a provider of fully managed hybrid information communication technology solutions, while Peer 1 Hosting, acquired in 2013, is a web hosting provider. With 20 data centres and over 50 points-of-presence, the combined business delivers data transport, colocation, cloud and managed services, and dedicated hosting to businesses across Canada, the United States and Western Europe.
“The combination of Cogeco Data Services and Peer 1 Hosting represents a growth opportunity for Cogeco Cable…
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MONTREAL – Second-quarter revenue at Cogeco Inc. increased 3.6%, to reach $536.9 million while revenue for the first six-month period ended February rose 3.8%, to reach $1.08 billion.
The growth in the quarter and half ended February 28th was mainly driven by the cable and enterprise data services segment as well as the favorable foreign exchange rates.
Adjusted EBITDA increased by 3.3%, to $229.1 million compared to the second quarter of fiscal 2014, and by 3.9%, to $463.1 million in first six months of the year. Q2 profit was $55 million, compared to $58.5 million for the same period…
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MONTREAL – Cogeco Cable Canada is offering customers in Quebec and Ontario new wireless modems with AC technology, allowing for a greater range of wireless coverage at home and faster download speeds.
The new modems are available now for many of Cogeco’s Internet packages for $4.95 per month.
"Daily Internet usage on wireless devices is growing steadily in Canadian homes, and an increasing number of families have numerous devices that perform a range of different functions simultaneously," said Anne Isabelle Roussy, VP marketing and product development, in the news release. "The new wireless AC technology means we can ensure that our customers…
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TROIS-RIVIÈRES, QC – Cogeco Cable launched a customized version of TiVo to its Quebec-based cable customers Monday, some five months after first rolling it out in Ontario.
The Cogeco TiVo's fully integrated advance search function explores live television as well as recorded, on-demand and online content, according to the announcement, plus offers full integration of Netflix into the platform. Netflix subscribers can access the content this service offers through the TiVo platform by way of a simple unified search, without having to use additional external devices. TiVo also helps users discover new content by providing personalized recommendations, plus…
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TORONTO – Cogeco Data Services has launches Canada's first geo redundant multi-hypervisor-public cloud and self-service management portal.
The enhanced Public Cloud Virtual Data Centre (VDC) service provides customers with the choice between flexible enterprise-class virtual environments, including Microsoft's Hyper-V and VMWare's vSphere platforms, reads the announcement.
All customers subscribing to the new platform will also have access to the Cogeco Data Services' new self-serve portal capabilities through which they can manage, configure and automate their cloud environment in a customized manner suited to their unique ICT requirements. This includes access to real-time visibility, the ability to take advantage of many self-service…
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MONTREAL — Cogeco Data Services says its new 100,000-square-foot data centre in Montreal is on track to launch this coming spring.
Currently under construction in the suburb of Kirkland, the company’s new state-of-the-art facility will be designed to Tier 3 standards. It will provide customers in Montreal and the surrounding area with access to advanced colocation, managed IT and cloud services.
“We are very excited to add another advanced facility to our growing data centre footprint,” said Tony Ciciretto, president and CEO, Cogeco Data Services and Peer 1 Hosting, in a news release. “The new centre is specifically designed to…
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MONTREAL – Cogeco Inc. doesn’t think it can expand its territory through acquiring other Canadian cable companies, and it doesn’t want to start building its network out to compete directly with its neighbours, so its strategy for stopping its losses in TV subscribers in Canada comes down to one word: TiVo.
The company started offering the advanced set-top box to its Atlantic Broadband customers in the United States last year, and in Ontario in November, and will start offering it in Quebec starting this spring. The TiVo box is a whole-home DVR capable of recording six channels at…
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