MONTREAL – Continued growth in Cogeco’s Canadian division helped to hold third quarter profits steady at the Montreal-based company.
For the quarter ended May 31, 2010, revenue at Cogeco Inc. increased by 4.6% ($14.6 million) year-over-year to reach $330.9 million. Net income of $10.7 million was virtually unchanged compared to the same period of the previous fiscal year, however, net income in the third quarter of 2009 included an unfavourable income tax adjustment of $2 million related to the certain items at the company’s Portuguese subsidiary Cabovisao.
Operating income before amortization grew slightly by $1.3 million, or 1%, to reach $127.9…
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MONTREAL – Coegco has increased the speeds of its high speed Internet packages for Quebec customers, and rolled out new business and residential Internet packages in Drummondville.
Subscribers to the company’s ‘HSI Lite’ in the province can now enjoy download speeds of up to 12 Mbps, while ‘Lite Plus’ and ‘Standard’ package customers will benefit from increased speeds and higher monthly bit caps at no additional costs.
Cogeco’s customers in Drummondville who currently subscribe to its ‘Business HSI Enterprise’ service will be upgraded to its ‘Ultimate 50’ package at no extra cost. Powered by DOCSIS 3.0, the service includes a faster download speed of…
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MONTREAL – Cogeco is one step closer to buying up Corus’ radio stations in Quebec.
The cableco said Tuesday that it has submitted an official application to the CRTC detailing “the radio broadcasting strategy Cogeco intends to implement following this major acquisition”. The $80 million deal, announced in April, includes 11 radio stations: French and English stations in Montreal (CFQR-FM 92.5, CHMP-FM 98.5, CKOI-FM 96.9 and CKAC-AM 730); Quebec City (CFOM-FM 102.9 and CFEL-FM 102.1); CJRC-FM 104.7 in Gatineau; Sherbrooke (CKOY-FM 104.5 and CHLT-FM 107.7); CHLN-FM 106.9 in Trois-Rivieres and CIME-FM 103.9 in St-Jerome.
"We worked really hard to chart a…
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MONTREAL – Cogeco Cable has brought its new, faster high speed Internet service to the Trois-Rivieres area of Quebec.
Business customers who currently subscribe to the company’s ‘Business HSI Enterprise’ service will be upgraded to the ‘Ultimate 50’ package at no extra cost, while residential customers in the region may now choose either the ‘Ultimate 30’ or ‘Ultimate 50’ package.
Powered by DOCSIS 3.0 technology, a technology of data compression that allows a more efficient and economical use of bandwidth, the ‘Ultimate 30’ service offers speeds of up to 30 Mbps for downloads and up to 1.5 Mbps for uploads with…
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MONTREAL – Cogeco Cable has added 26 new high definition channels to its Ontario HD line-up.
Effective immediately, Cogeco’s HD television customers may access History Television HD, MovieTime HD, CBS College Sports Network HD, TLC HD, KTLA HD, WPIX HD, and WSBK HD.
The cableco also revamped its ‘Super Sports Pack’ to include 23 distinct HD channels, each one dedicated to a specific sport, including NFL Sunday Ticket, NHL Center Ice, MLB Extra Innings, NBA, OHL, Nascar and U.S. College Basketball and Football.
“Our HD Television service continues to draw new subscribers every month, which confirms that customers appreciate the variety, quality…
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MONTREAL – Cogeco Cable rolled out a new high speed Internet package Tuesday for its business customers in the Burlington, Oakville, Milton and Halton areas of Ontario.
Powered by DOCSIS 3.0 technology, ‘Business Ultimate 50’ replaces the company’s ‘Enterprise’ packages, offering an unlimited bitcap and a faster download speed of up to 50 Mbps, and an upload speed of up to 2 Mbps.
Cogeco’s customers who currently subscribe to the Business HSI Enterprise service in those areas will be upgraded to the Ultimate 50 package at no extra cost. The package costs $189.95 per month with a three-year commitment, $199.95 per month with…
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TORONTO – When the Apple iPad finally does make it to Canada, Cogeco Data Services says it will be ready.
Starting May 10th, the company will offer users a new One Zone WiFi service designed specifically for the hot new device, similar to its iPod Touch plan that it launched last year.
The plan will provide users with unlimited access to Cogeco Data’s One Zone network for $5 per month. Its One Zone network stretches throughout Toronto’s downtown core – from Front Street in the south to just north of Bloor in the north and from Jarvis Street in the east to Spadina…
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TORONTO and MONTREAL – Corus Radio is officially exiting the Quebec radio market.
The company said this morning it has reached an agreement with Cogeco Inc. for Cogeco to purchase the Corus Quebec radio stations: Montreal French (CKOI 96,9, 98,5, CKAC Sports – including CKAC’s digital licence), Montreal English (The Q 92.5), Quebec City (102,9 Souvenirs Garantis, CKOI 102,1), Gatineau (104,7 Souvenirs Garantis), Sherbrooke (107,7 Souvenirs Garantis, CKOI 104,5), Trois-Rivières (106,9 Souvenirs Garantis), St-Jérôme (CIME 103,9) for approximately $80 million. The transaction is subject to regulatory approval.
“Corus Entertainment has made the strategic decision to divest of its Corus Quebec…
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MONTREAL – Add Cogeco Cable to the list of cable companies who feel that their community TV channels are working fine as is.
At its appearance Wednesday at the CRTC community TV poilcy hearing, Cogeco offered up independent surveys by Environics Research Group and Cible Recherche that found that approximately 41% of its Ontario households watch TVCOGECO on a weekly basis, and that 90% of the people served said that they believe that the channel “provides a valuable service to the community”.
In Quebec, 57% of Cogeco’s customers watch TVCOGECO every week, a rate that is higher than the 65% observed in…
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MONTREAL – After working hard to stabilize the company’s operations in Portugal, Cogeco president and CEO Louis Audet said Thursday morning that his company is back looking for assets to buy.
“Hence, we believe the time has come for this company to start looking at reasonably priced, reasonably sized, ‘non-farm-betting type’ of acquisitions”, Audet said in a call with analysts, after releasing the company’s second quarter financial results.
Noting that such opportunities in Canada were slim, Audet said that the company would look in Europe “at markets we feel have growth potential”. While he declined to elaborate on the potential size…
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