MONTREAL, QC and VANCOUVER, BC – Cogeco Cable Inc. and Peer 1 Network Enterprises, Inc. announced today that 0957926 B.C. Ltd., an indirect wholly-owned subsidiary of Cogeco Cable, has completed its compulsory acquisition of all of the remaining outstanding common shares of Peer 1 at a price of $3.85 in cash per common share, and now owns 100% of the outstanding common shares.
In addition, Peer 1 announced today that the common shares have been delisted from the Toronto Stock Exchange as of the close of business on March 28, 2013. The company says it has…
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MONTREAL and SANTA CLARA, Calif. – Cogeco Cable and Rovi Corporation announced the launch of two new interactive applications, Cogeco Remote Recorder powered by Rovi TV Listings and TotalGuide xD, that will allow Cogeco’s subscribers to access TV schedules on their set-top PVR devices from web-enabled devices.
Cogeco says its subscribers can use the apps to browse the TV listings, explore programs, find what to watch, and remotely schedule recordings for viewing at a later time and date. The Cogeco Remote Recorder is a web-based app connected to the Cogeco service to enable remote recording directly…
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MONTREAL – Cogeco Cable is increasing upload and download speeds and monthly transfer capacities of its Business High Speed Internet (HSI) packages in both Ontario and Quebec. The service upgrades enrich, at various levels, the entire range of Cogeco Business Solutions Internet packages claims the company. The improvements were implemented as of February 1st for all users, and Cogeco Business Internet customers will see the changes rolled out over the course of this month.
"The demand for increased capacity and speed in Business Internet services is growing quickly. Our upgraded packages better meet our customers'…
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MONTREAL- Cogeco is adding 54 new multicultural channels in Ontario, with programming broadcast in nine languages. The channels are available to Cogecco customers via 12 new channel packages. Cogeco says customers in Ontario can now benefit from a wider access to the best of TV in entertainment, music and a variety of programming in their native language.
"Cogeco's TV service is continually evolving, states Ron Perrotta, Vice President Marketing and Strategic Planning at Cogeco Cable. We are constantly on the look out for the latest developments in order to offer the best TV experience for…
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MONTREAL – Cogeco Cable has increased upload and download speeds and monthly transfer capacity for most of its High Speed Internet (HSI) residential customers in Ontario and Quebec. Subscribers to Express 5, 6, 10, Turbo 14 and 20 and Ultimate 60 high speed internet packages will be able to benefit from the upgrade. The upgrades to the respective packages have been rolled out seamlessly since February 1, at no additional cost or conditions says Cogeco.
"Internet needs are rapidly evolving. We have taken into consideration the feedback received from our current residential customer base, and made…
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MONTREAL – Cogeco Cable has extended the launch of its Turbo 20, Ultimate 30 and Ultimate 60 High Speed Internet (HSI) packages to Sarnia, Ontario.
The three packages, powered by DOCSIS 3.0 technology, offers speed and pricing that rivals that of competitors claims Cogeco. The Turbo 20 package offers a download speed of up to 20 Mbps and upload speed of up to 2 Mbps and a monthly data transfer capacity of 100 GB.
The Ultimate 30 package offers speeds of up to 30 Mbps for downloads and up to 2 Mbps for uploads with…
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MONTREAL, QUEBEC and VANCOUVER, BRITISH COLUMBIA – Cogeco Cable has completed the purchase of all of the issued and outstanding common shares of IT hosting provider Peer 1 for $3.85 per share in a transaction valued at $526-million. Cogeco is financing the deal primarily through credit, with National Bank of Canada acting as underwriter.
"We are excited that all conditions of our offer have been satisfied and are thrilled with the prospects this acquisition presents to Cogeco Cable shareholders, customers and employees," said Louis Audet, President and CEO of Cogeco Cable.
"We are fully…
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TORONTO – Cogeco Data Services is launching a single point ICT solution to support CIOs and their need to reduce IT complexity and create transformational value for their organizations. The new offering combines Cogeco Data Services’ data centre, managed IT, cloud and connectivity services.
As the consumerization of IT continues, the demand to reduce IT complexity and drive innovation is on the rise. IT departments are facing continued pressure to drive innovation and create value while maintaining secure management of company information says Mark Schrutt, Director, Services and Enterprises, IDC, a global research firm.
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TORONTO – Cogeco, despite losing 2,076 net Canadian basic cable subscribers, and adding only 6,311 telephony subscribers, well below the 16,000 forecast in its first quarter, remains a “buy” recommendation. In part because of its strong Free Cash Flow (FCF) guidance that increased to $170 million from $105 million due to its purchase of Atlantic Broadband (ABB) and reduced Canadian capex. This according to analysts Dvai Ghose and Sanford Lee in Canaccord Genuity’s Daily Letter for January 15 who now forecast a target price of $44.00 for Cogeco’s stock.
“Due to weaker than expected subscriber results,…
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TORONTO – Hollywood Suite’s four HD commercial-free movie channels are now available to Cogeco Cable digital customers throughout Ontario. Featuring over 400 HD movies per month, uncut and unedited, Hollywood Suite is: WarnerFilms (channel 875), MGM Channel (channel 874), Sony Movie Channel (channel 873), AXN Movies (channel 872). Cogeco Cable HD TV customers can now enjoy a free preview of all 4 Hollywood Suite movie channels until March 31st, 2013.
“Kicking off the New Year with a bang, Hollywood Suite offers Cogeco Cable customers an incredible variety of blockbuster titles on four stunning HD channels” said Ron…
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