Search Results for: cogeco

Cable / Telecom News

Cogeco turns down $10.3 billion offer from U.S. cableco (updated)

Additional deal would have seen Rogers get Canadian ops for $4.9 billion By Greg O’Brien NEW YORK – It was a fast news cycle for Cogeco on Wednesday. The day opened with the announcement Altice USA, which owns broadband and cable providers Optimum (formerly Cablevision) and Suddenlink, among other assets, offered to buy Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) for C$10.3 billion. It submitted the offer to Cogeco on Tuesday after the close of markets and announced it had done so before they opened on Wednesday morning. Altice also said it entered into an arrangement to sell all of Cogeco’s Canadian… Continue Reading

Cable / Telecom News

TPIA: Cabinet won’t force Commission’s hand, but signals government is unhappy with wholesale rates (updated)

By Denis Carmel OTTAWA – At 9 a.m. Saturday, the federal government released its ruling on the cabinet appeal of the CRTC’s August 15, 2019 decision on new wholesale rates third party internet access ISPs must pay incumbent network operators. It required a few readings to understand. A year ago today, the CRTC issued an order setting the final rates for wholesale internet access (including over $300 million in retroactive payments) and the large ISPs did not like it one bit. They appealed it to cabinet, consistent with section 12 of the Telecommunications Act. The Act also says that Cabinet… Continue Reading