MONTREAL – While its Canadian operations are clipping along just fine, competitive pressures are hammering its Cabovisao unit in Portugal, Cogeco Inc. announced today.
While consolidated revenue increased by 14.7% to $311.8 million in the second quarter of 2009, ended February 28th, as compared to Q2 of fiscal 2008, and by 16.5% to $620.2 million, in the first half – and consolidated operating income from continuing operations before amortization grew by 15.6% to reach $126.7 million, and by 19.9% to reach $251.4 million, the quarter was particularly unkind across the Atlantic.
“In the second quarter of fiscal 2009, the…
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MONTREAL – Cogeco has added a new Internet service to its lineup for Ontario and Quebec customers, called High Speed Internet (HSI) Lite Plus, and HSI Intermediaire, respectively.
The new package will allow download speeds of up to 3 Mpbs, and has a monthly load bit capacity of 20 GB.
"We believe that this new package will be highly attractive to clients who – while not heavy users – use the Internet every day. As people’s needs to share music, videos or other formats and demand for increasingly faster download speeds continue to grow, we are pleased to offer our customers…
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MONTREAL – Cogeco Cable has added Sportsnet East HD to its line-up in Quebec, in most of the areas where Cogeco offers digital and HD television.
The sports channel, which carries Ottawa Senators hockey, Blue Jays baseball, and other sports programming, is available on channel 545.
“Cogeco Cable is committed to enriching its customers’ HD Television viewing experience”, said Ron Perrotta, vice president of marketing and strategic planning, in the press release. “The addition of Sportsnet East HD to our Québec HD TV offering allows our viewers to discover the outstanding quality of this technology. Our HD programming now includes 24…
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MONTREAL – Despite the weakened economy, Cogeco Inc. maintained a solid growth curve in the first quarter of fiscal 2009, the company reported.
Consolidated revenue at Cogeco Cable (including its territories in Quebec, Ontario and Portugal) increased by 18.9% to $299.4 million, consolidated operating income before amortization grew by 23% to reach $119.7 million, consolidated net income amounted to $23.6 million, compared to $20.4 million for the same period of the prior year, an increase of 15.7%, free cash flow reached $17.8 million, a 17.6% decrease over the prior year, and operating margin increased to 40% from 38.6%.
Revenue-generating…
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TORONTO – Cogeco Data Services has signed a 10 year deal with the Toronto District School Board (TDSB) worth $39 million.
The agreement calls for Cogeco Data Services to provide the TDSB with a wide area network connection to approximately 600 schools and administrative buildings serving over 300,000 students and 30,000 educators and administrators. Cogeco Data Services will “increase the reach and capabilities of the (existing) fibre backbone” by constructing additional fibre optic cable throughout the city, and providing a “substantially higher capacity connection for each location”, the press release said. CDS is the former Toronto Hydro Telecom.
"The TDSB…
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TORONTO – Even in bad economic times, consumers will keep paying for cable, Internet and phone services, and choose to compromise in other purchase areas instead, according to Cogeco Cable’s president and CEO, Louis Audet.
“This has been our experience for the last 36 years – people tend to keep their television service (during difficult economic times),” Audet said. “And the Internet, of course, has become a necessity for households…and, of course, the phone.
“But on the other hand, what you do see is a slower rate of growth, or you might see a bit higher bad debt come…
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MONTREAL – Cogeco has added TSN2 and one of Canal Indigo channels to its HD lineup, and Teletoon Retro in SD to its digital platform in Quebec.
"By adding these three new channels to our digital and HD television line-ups, we are giving our customers the choice to watch even more of what they want," said Ron Perrotta, vice-president of marketing and strategic planning in a press release.
www.cogeco.ca
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MONTREAL – Cogeco reported today that growth and acquisitions in the cable sector helped to drive up their consolidated revenue by 16.5% to $292.9 million for their fourth quarter, and by 14.4% to $1.1 billion for their fiscal year end.
Revenue-generating units (RGU) in the cable sector grew by 41,100 for the quarter and 231,209 net additions for the year, for a total of 2,716,874 RGU at August 31, 2008, the company’s press release said. FYI – one subscriber with voice, Internet, analog and digital cable TV equals four RGUs.
"Our fourth-quarter was marked by the entry of Cogeco…
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MONTREAL – Ian Collins has been named acting president of Cogeco Data Services, the company announced today.
He was president of FibreWired Hamilton prior to joining Cogeco Data Services as vice-president, operations in the fall of 2005. Collins has been responsible for leading the technical direction, planning, construction and maintenance of the Cogeco Data Services fibre network.
In partnership with the management team, Collins will be responsible for leading the market growth and development of Cogeco Data Services, with operational responsibilities for business strategy, sales, marketing, network operations, product development and customer care in his new role as acting…
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MONTREAL – Dave Dobbin, president of Cogeco Data Services has resigned, the company announced today.
He has decided “to pursue new career goals” with a new telecommunications start up, effective November 28, 2008, says the Cogeco press release.
Dobbin was president and CEO of Toronto Hydro Telecom and stayed with its new owners, Cogeco, when the municipal telecom firm was purchased earlier this year for $200 million.
"Cogeco Data Services is a solid business and we will work with the team in place to continue to develop our service offering. We are in a position to continue to…
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