MONTREAL – Good third quarter results from Cogeco Inc. and Cogeco Cable were helped along thanks to six months of operating results of new acquisition Atlantic Broadband and four months operating results from an even newer buy, Peer 1 Network Enterprises, the company reported Wednesday evening.
Third quarter revenue increased by 40.9% to reach $504.4 million and by 26.7% for the first nine months to reach $1.3 billion when compared to the same periods of the prior year.
Operating income before depreciation and amortization increased by 39.2% to $220.6 million when compared to the third quarter of fiscal 2012, and by…
Continue Reading
TORONTO – Blue Ant Media’s AUX TV announced Tuesday that Eastlink and Cogeco Cable have signed as the first distribution partners to carry AUX HD.
Eastlink subscribers will automatically receive AUX HD on channel 759 (HD) and can still receive AUX TV on channel 294 in SD. Cogeco subscribers, meanwhile, will automatically receive AUX HD on channel 834 (HD), and will still be able to receive AUX TV in SD on channel 415.
“We’re pleased to have Eastlink and Cogeco Cable as our first distribution partner,” said Andrew Irwin, Blue Ant Media's VP of content distribution and partnerships, in a release. “Canada now has…
Continue Reading
MONTREAL – Cogeco announced Tuesday it has launched its home phone service in Ste-Rosalie and Notre-Dame-du-Bon-Conseil with a special promotional offer of $4.99 a month.
Two different packages are available to residents of these communities: the Basic Line package, which includes unlimited local calling and the Freedom Package, which includes unlimited local calling, the five most popular calling features and unlimited long distance calling in Canada and the U.S.
www.cogeco.ca
Continue Reading
MONTREAL – Atlantic Broadband, a subsidiary of Cogeco, announced today that it has amended its existing credit agreement.
As part of the amendment, the Massachusetts-based cable company has lowered the pricing for its Term A facility, Term B facility and revolving credit facility, and increased the size of its revolving credit facility by converting $50 million of the Term A loans into revolving credit commitments.
The amount of Atlantic Broadband’s debts remains essentially unchanged. The applicable margin for the Term A facility and the revolving credit facility will be decreased to 2.375% with step downs…
Continue Reading
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
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
