Search Results for: cogeco

Cable / Telecom News

Cogeco adds content to on demand online service

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

Cable / Telecom News

Cogeco looking to raise US$400 million in private note offering

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… Continue Reading

Cable / Telecom News

Cogeco Q2 revenue up 32.7% on ABB and Peer 1 additions, but profit drops

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… Continue Reading

Cable / Telecom News

Cogeco wants Bell-Astral II killed, too

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… Continue Reading

Cable / Telecom News

Cogeco bumps up capacity for Ontario and Quebec internet subscribers

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… Continue Reading

Cable / Telecom News

Cogeco subsidiary completes Peer 1 purchase

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… Continue Reading

Radio / Television News

Cogeco launches Rovi apps for remote access to TV services

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… Continue Reading

Cable / Telecom News

Cogeco boosts capacities of its Business High Speed Internet, maintains pricing

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'… Continue Reading

Cable / Telecom News

Cogeco adds 54 new ethnic channels in Ontario

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… Continue Reading

Cable / Telecom News

Cogeco ramps up HSI speeds in Ontario and Quebec

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… Continue Reading