TORONTO – Cogeco Data Services has signed a 10-year, multi-million dollar agreement with the City of Toronto to upgrade its wide area network services to one of the most technologically sophisticated, all-optical networks in Canada.
The deal will include a wide area network connection to City agencies, boards, and commissions including the Toronto Public Library, Toronto Police Services, Toronto Transit Commission, Toronto Zoo and Toronto proper facilities, serving a majority of the City’s 50,000 employees. The initiative will provide for 1 Gbps Ethernet services to all City of Toronto sites and 20 Gbps+ to the City data centres, while achieving…
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MONTREAL – Cogeco Cable’s Louise St-Pierre has been promoted to senior vice-president, residential services, the company has announced.
In this newly created position, she will be responsible for customer service, technical operations, engineering, information technology, telecommunications, human resources, TVCogeco and community relations in Canada.
St-Pierre (pictured) had previously been VP customer services and Ontario operations. No decision has been made whether or not to replace with another head of Ontario ops, said a spokesperson.
www.cogeco.ca
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MONTREAL – Cogeco Cable has completed an internal corporate reorganization of some of its subsidiaries.
The activities of Cogeco Cable Quebec Inc. have been transferred to Cogeco Cable Quebec General Partnership (a newly formed general partnership), while substantially all of the activities of Cogeco Cable Canada Inc. were transferred to Cogeco Cable Canada LP (a newly formed limited partnership).
In addition, substantially all of the activities of Cogeco Data Services Inc. were transferred to Cogeco Data Services LP (a newly formed limited partnership), the company announced Wednesday.
www.cogeco.ca
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MONTREAL – Cogeco Cable has launched a new high-speed Internet package (HSI) in Ontario that will allow customers to achieve a download speed of 50 Mpbs, 1.5 Mbps upstream, and a monthly capacity of 150 GB download.
Called the ‘HSI Ultimate’ package, the service comes with Cogeco’s "full range of security services” and includes the modem rental. It is initially available to customers in Burlington, Oakville, Milton and Halton, ON, but will “progressively be available” in all areas served by Cogeco in Quebec and Ontario in the coming years, the press release said.
"This new Internet package shows our constant concern to…
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MONTREAL – Cogeco Cable has added eight new high definition channels to its Quebec programming line-up, bringing its HD channel total to 32.
Télé-Québec HD, Canal Évasion HD, TV5 HD, PBS HD, Mystère HD, The Score HD, National Geographic HD and Discovery HD are available immediately in most Québec regions where Cogeco provides digital and HD television, the press release said.
“Cogeco Cable is committed to enriching our customers’ television viewing experience”, said Ron Perrotta, VP of marketing and strategic planning, in the release. “Adding these eight HD channels to our Québec HD offering allows our customers to discover theoutstanding…
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MONTREAL – While growth in the television and radio divisions powered Cogeco’s Canadian operations, its Portuguese subsidiary Cabovisão pulled down the company’s third quarter financial results.
For the quarter ended May 31, 3009, consolidated revenue increased by 11.4% to $316.3 million, and consolidated operating income from continuing operations before amortization grew by 10.4% to reach $129.4 million.
But after taking in to account various losses at Cabovisão, the company reported a consolidated net loss of $93.8 million for the first nine months of fiscal 2009, compared to net income of $15.5 million in the prior year.
“We have recently realigned our short…
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MONTREAL – Tony Ciciretto has been hired as president of Cogeco Data Services, the company announced today.
Prior to joining Cogeco Data Services, Ciciretto was president of the TVN Group, a private investment firm he co-founded in 2008. From 2003 to 2007, he held a leadership role at Rogers Communications as vice-president, Rogers Business Solutions. Prior to that, he worked at Bell Canada for 15 years in various increasingly senior roles culminating with the position of senior vice president, business sales and operations at Bell Nexxia in 2003.
In partnership with the management team, Ciciretto will be responsible for…
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MONTREAL – Cogeco Cable has announced a public debt offering of senior secured debentures series ‘1’ worth up to $300 million.
The Canadian and Portuguese cable company set the interest rate at 5.95% with a maturity date in June, 2014. The debentures will only be available in Canada, and proceeds will go towards reducing its debt.
The company announced last month that it would issue up to $500 million in new debt.
www.cogeco.ca
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MONTREAL – Acting president of Cogeco Data Services, Ian Collins, announced his resignation effective June 24, 2009 in order “to pursue new career goals”.
President and CEO Louis Audet will assume the role temporarily while the company searches for a successor.
"Cogeco Data Services is a solid and promising business and we will work with the team in place to continue to develop our service offering”, Audet said in the statement announcing Collins’ departure. “The Company continues to deliver results and consistently meet the critical needs of its customers. I want to thank Mr. Collins for his contribution to Cogeco…
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MONTREAL – Canadian and Portuguese cable company Cogeco Cable says it will soon issue up to $500 million in new debt.
The company has filed with the securities regulators in each of the provinces and territories of Canada, a preliminary short form base shelf prospectus for the issuance of up to $500 million of debt securities, which may consist of debentures, notes or other types of debt securities.
These debt securities may be offered from time to time, during a twenty-five-month period for which the short form base shelf prospectus remains valid. The specific terms of any debt securities…
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