NETWORK EXPANSION NEWS
Launches this week:
Shaw to provide public WiFi service for Edmonton
EDMONTON – Shaw Communications announced Thursday that Edmonton city council has given the go ahead to expand Shaw’s Go WiFi network to public areas across the city.
The planned WiFi network will grant wireless in pedestrian-friendly areas of the city, such as LRT stations, facilities and libraries.
The project is expected to take place over the next two years, with new access points being installed continually throughout this period.
www.shaw.ca
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MONTREAL – Cogeco Cable has announced a public debt offering of $300 million in ten-year-term senior secured debentures, Series “4.”
The interest rate of the debentures was set at 4.175% and will be payable semi-annually on May 26 and Nov. 26, with the first interest payment on Nov. 26, 2013. The debentures will mature on May 26, 2023.
The company said the net proceeds from the offering will be used to repay a portion of the amount outstanding under Cogeco’s term revolving credit facilities. The unused amount under these revolving credit facilities will then be…
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MONTREAL –? Cogeco announced today that the holding company of the company's founder is privately selling 432,270 of its subordinate voting shares of the company.
Gestion Audem will still retain a 70.8% control of Cogeco, with ownership over 1,809,660 multiple voting shares and 509,810 subordinate voting shares of Cogeco.
Louis Audet, Gestion Audem president and son of Cogeco's founder, the late Henri Audet, said, "This exceptional transaction is being carried out as part of the succession planning following the death of the late Henri Audet. On behalf of all members of the Audet…
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MONTREAL – In a lengthy appearance before the CRTC commissioners on Wednesday (more than twice as long as either Rogers or Telus the day prior) Cogeco Cable left no doubt where it stood on the question of Bell Canada buying Astral Media: There can be no compromises, no new regulatory caveats that make this deal palatable, and so the merger must be denied. Again.
Cogeco’s argument was similar to the one EastLink made earlier on Wednesday, but the Montreal-based cable and radio firm offered up more detail. CRTC chairman Jean-Pierre Blais has asked the opposing interveners Tuesday and Wednesday for…
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MONTREAL – Cogeco announced today it has filed a preliminary short form base shelf prospectus with Canadian securities regulatory authorities for up to $1.5 billion of debt securities.
These debt securities may be offered periodically over a 25-month period during which the short form base shelf prospectus remains valid. The company says specific terms of any debt securities will be described in one or more shelf prospectus supplements to be filed with the securities regulatory authorities.
When finalized, the short form base shelf prospectus replace Cogeco’s existing short form base shelf prospectus which expired January…
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MONTREAL ? Cogeco Cable announced it has expanded content for its On Demand Online service to include almost 3,000 television show and movies for its digital TV subscribers.
The catalogue of shows include already broadcasted content from The Movie Network On Demand, HBO Canada On Demand, Treehouse On Demand, Global On Demand, Super Ecran On Demand, Teletoon On Demand and Radio Canada On Demand.
Cogeco says content from available on demand channels is updated regularly, with content from new VOD channels being progressively added to the online service. The cableco?s on demand online…
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MONTREAL – Cogeco Cable Inc. announced today it is proposing a private offering of US$400 million of senior unsecured notes due 2020. The notes will be guaranteed by the company’s wholly-owned restricted subsidiaries.
Cogeco said it will use the net proceeds from the offering to partially repay a term loan the company entered into with its acquisition of Peer 1 Network Enterprises in January. The notes and guarantees will be offered only to “qualified institutional buyers” as defined under Rule 144A under the Securities Act in accordance with Rule 144A under the Securities Act, and…
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MONTREAL – Cogeco Inc. reports that second quarter revenue increased by 32.7% to $458.5 million, and by 19.3% in the first six months to reach $825.1 million. Earnings from continuing operations for the quarter that ended February 28 were $58.5 million compared to $31.1 million a year earlier. It mostly attributes the increase for the quarter to the operating income from the recent acquisitions of ABB and Peer 1.
If the two acquisitions are not factored in, profit dropped by about $25 million in the quarter to $56.5 million compared to $81.5 million for the same period of…
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MONTREAL – Cogeco Cable is urging the CRTC to reject BCE’s $3.38 billion bid to purchase Astral Media, and is asking to appear at the Commission’s public hearing scheduled to begin on May 6, 2013 in Montreal.
In a press release issued today, the company cited concerns over competition and TV and radio ownership concentration, the same concerns it raised in its submission filed last October with the Commission. Cogeco says approval of the Bell-Astral deal would “give BCE unprecedented market power that could not be constrained through regulatory safeguards, whether administered by…
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MONTREAL, QC – Cogeco announced the ramp-up of monthly transfer capacity for all of its high speed internet (HSI) residential packages in Quebec and Ontario. Quebec subscribers to Express 5, Express 10, Turbo 14, Turbo 20, Ultimate 40 and Ultimate 60 HSI packages will be able to benefit from the upgrade; for Ontario subscribers, the upgrade applies to the Express 6, Express 10, Turbo 14, Turbo 20, Ultimate 30 and Ultimate 60 HSI packages.
The upgrades to the respective packages have been rolled out seamlessly. Subscription prices for all packages remain the same.
“We are…
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