MONTREAL – Cogeco Cable kicked off fiscal 2015 with “solid” first quarter financial results that included a 14.1% jump in profits.
For the first quarter ended November 30, 2014, the company said that revenue increased 4.6% to $497.0 million, up from $474.9 million last year, driven by growth of 1.8% in its Canadian cable services segment, 15.2% in the American cable services segment and 3.5% in the Enterprise data services segment. Revenue increased organically from most operating units combined with favorable foreign exchange rates in its foreign operations.
Adjusted EBITDA rose 3.5% to $218.9 million, compared to $211.5 million in the same…
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MONTREAL – Cogeco Cable has named Richard Shea as president and CEO of its American subsidiary Atlantic Broadband, and David Isenberg as its president and chief revenue officer, effective January 1st.
Current president, CEO and company co-founder Edward Holleran has decided to step down from his position effective January 1, 2015, but will stay on as vice president of industry relations on a part-time basis.
Both Shea and Isenberg have been with Atlantic Broadband since it was founded in 2003. Shea began his career with the company as chief information officer and has served as chief operating officer the past two years,…
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MONTREAL – Cogeco Cable has launched its home phone service in the Quebec municipality of Paspebiac, located at the south end of the Gaspe Peninsula.
All Cogeco customers, and the majority of the residents in this area, may subscribe to the service immediately by selecting either the Basic Line, Select or Freedom package and adding on calling features such as voice mail, call display, call waiting and three-way calling.
"We're excited to launch our Home Phone service in Paspebiac because we know it truly is what our customers are looking for: flexibility, choice and competitive price”, said Anne Isabelle Roussy, Cogeco’s…
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TORONTO – Cogeco Data Services has unveiled plans to launch Canada’s first Public Cloud service early next year, providing Canadian businesses with public, private and hybrid cloud capabilities.
The company said that the new Public Cloud will offer customers the choice between flexible enterprise-class virtual environments, including Microsoft's Hyper-V and VMWare's vSphere platforms. The Public Cloud will also provide access to advanced features including virtual data centre, next-generation storage performance management, hybrid capabilities and geo-redundancy supported by managed security, ITand public and private connectivity options. Customers will be able to manage their cloud environment through new portal capabilities that provide…
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MONTREAL – Cogeco Cable is enhancing some of its residential Internet packages in Quebec to allow for faster download speeds and more bandwidth.
The Express 5 package is now the Express 6 package with 6 Mbps download, 1.5 Mbps to 2 Mbps upload and 30 GB bitcap; the Express 10 is now Express 15 with 10 Mbps to 15 Mbps download, 2 Mbps upload and 65 GB to 70 GB bitcap; the Turbo 14 is now Turbo 15 with 14 Mbps to 15 Mbps download, 2 Mbps upload and 90 GB to 120 GB bitcap; and the Turbo 20 is…
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MONTREAL – Cogeco Cable is turning up the heat on some of its high speed Internet packages for businesses in Quebec and Ontario, just in time for the online shopping season.
Starting December 1st, subscribers to its Business Select, Business Premium and Business Ultimate packages will now have improved upload and download speeds at no extra charge. In addition, the company is also rolling out a new package, called Business Launch, with download speeds of up to 20 Mbps and upload speeds of up to 10 Mbps.
"These improvements are of utmost importance to our business customers as they meet their day-to-day needs”,…
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GATINEAU – Cogeco Cable says it doesn’t need to be all or nothing when it comes to regulating wholesale access to incumbent broadband facilities. The company told the CRTC Thursday morning that establishing a framework which encourages negotiation while providing a reference rate as a backstop could help stimulate more wholesale competition.
“We’re proposing something that will actually help the markets move from a current situation with regulation to a completely deregulated market. We think we need some steps along the way so that’s why we’re proposing this approach,“ said Philippe Jetté, senior VP of technology and strategy…
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TORONTO – Cogeco Data Services is expanding its flagship data centre in Barrie, ON, adding over 20,000 square feet of new operational space by early 2015.
When the expansion is complete, the company will have invested approximately $80 million in the facility that will house over 32,000 square feet of operational floor space. Built to exceed Tier 3 standards and be CSAE 3416 and PCI compliant, the Barrie facility delivers advanced data centre, cloud, managed IT and connectivity services.
The facility, paired with Cogeco Data Services' wholly-owned cloud and network infrastructure, is expanding to accommodate its growing customer base and demand…
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OTTAWA – The CRTC has directed Cogeco to implement a mechanized customer transfer process for television and Internet services customers as soon as possible, and no later than January 1, 2015.
In its decision issued Thursday, the Commission responded to an application by Bell Canada submitted in June claiming that Cogeco’s “large number of manual customer transfer requests were inefficiently diverting Bell Canada’s resources and harming consumers”.
As part of the implementation of local competition in the telecommunications industry, a process was developed by the industry for the efficient transfer of a customer’s service, commonly referred to as the customer…
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MONTREAL – Cogeco Inc. and Cogeco Cable have announced Patrice Ouimet as senior vice president and CFO, effective immediately.
Ouimet, pictured, has substantial operations and finance experience in global public and private corporations, notably in corporate strategy, treasury, risk management, internal audit and investor relations, reads Monday’s announcement. Prior to joining Cogeco, he was SVP and CFO at Enerkem Inc., VP of corporate development and enterprise risk management at Gildan Activewear Inc., and has ten years of experience in the investment banking sector in various roles at Lazard Limited and CIBC World Markets Inc.
"I am pleased to announce Patrice's appointment….
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