By Steve Faguy
MONTREAL — Cogeco is launching a wireless service in Canada. Or at least, it’s almost certain. The question now isn’t so much whether it will launch, but how and where.
Speaking to analysts and journalists on Friday ahead of the company’s annual general meeting, Cogeco CEO Philippe Jetté confirmed a dedicated team of 30-40 people is in place working on a wireless network plan, with many other employees contributing to it, and major capital expenditures have been budgeted for the rollout.
The remaining step before the real work begins is to await the CRTC’s determinations on specific rules for…
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CEO calls CRTC decision restricting those qualifying under MVNO framework “unfortunate”
MONTREAL – Cogeco announced its fourth quarter 2022 financial results last night, showing revenue was up 14% year-over-year, while earlier today, on an investor’s call, its president and CEO Philippe Jetté outlined the company’s next steps towards launching wireless.
Financial results
In terms of its Q4 2022 financial results, Cogeco reported revenue of $746.9 million. The company also reported adjusted EBITDA increased 18.7% to $348.5 million.
Cogeco’s Canadian telecommunications revenue alone increased 1.1% and adjusted EBITDA increased 6.4% year-over-year, “mainly resulting from lower marketing expenses and certain year-end adjustments,” a press…
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BRIDGENORTH, Ont. — The governments of Canada and Ontario today announced more than $56 million in combined funding for two projects by Bell and one by Cogeco Connexion to bring high-speed Internet access to more than 16,000 homes in rural communities across eastern Ontario.
The announcement was made by Gudie Hutchings, federal minister of rural economic development, and Amarjot Sandhu, parliamentary assistant to Ontario’s minister of infrastructure, at the Selwyn Public Library’s Bridgenorth Branch in the town of Bridgenorth, Ont., near Peterborough.
A government backgrounder outlines more details about the amount of funding each ISP is receiving for their projects…
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TORONTO — Organizers of the 2022 Canadian Telecom Summit (CTS) confirmed today Frédéric Perron (above), president of Cogeco Connexion, will deliver a lunch keynote on Monday, Nov. 21 at 12 p.m. ET.
Perron has been with Cogeco since September 2020 when he took on the role of Cogeco Connexion president. He “has over two decades of managerial experience at leading international telecommunications and financial services companies such as T-Mobile, Vodafone, and Capital One,” says an email announcing him as a keynote speaker at CTS.
Perron “has a proven track record in marketing, sales, customer service, operations, eCommerce, product development, and IT,”…
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ESSEX COUNTY, Ont. – Southwestern Integrated Fibre Technology (SWIFT) announced today an additional 484 underserved homes and businesses in Marentette Beach in Essex County will soon have access to fast reliable Internet.
“Through the SWIFT initiative, Cogeco Connexion was awarded funding to service rural areas southeast of Leamington and north of Point Pelee National Park,” a SWIFT press release explains. “The network’s main fibre route will run along parts of Point Pelee Drive, Mersea Road 12, Mersea Roads B, D and E, Marentette Beach and E Beach Road.”
Construction on the network began earlier this year and is expected to…
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BURLINGTON, Ont. — Cogeco Connexion announced today its YourTV stations across Ontario will air programming featuring the culture, history and perspectives of Indigenous Peoples in local communities on Sept. 30, the second annual National Day for Truth and Reconciliation.
Airing throughout the day, the programming will include the following documentaries:
Cultural Mindfulness – directed by George Couchie
We Are Still Here – directed by Dwayne Cloes
Wawahte: Residential School Survivors – directed by John Sanfilippo
Language and the Land – directed by YourTV’s Curtis Brunet
Beyond Orange Shirt Day – presentation by Phyllis Webstad, creator of Orange Shirt Day
The local…
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MONTREAL – Cogeco Inc.’s third quarter revenue increased 16.3% year-over-year to $754.8 million, according to the company’s financial results for the quarter ended May 31, 2022, announced yesterday.
On a constant currency basis, the company saw an increase in revenue of 14.9%.
“American broadband services revenue increased by 31.7% in constant currency, mostly resulting from the Ohio broadband systems acquisition completed on September 1, 2021 and organic revenue growth driven by a higher Internet service customer base, higher value product mix and annual rate increases implemented for certain services,” a press release explains.
“Canadian broadband services revenue increased by 2.5% mainly as…
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MONTREAL — Cogeco Inc. announced yesterday that its revenues and profits increased in its fiscal second quarter compared to the same period last year, with activity south of the border helping drive those numbers.
For the period ending on February 28, revenues increased by 14.5% to $748.1 million and profits increased 7.8% to $118.8 million versus the comparable period last year, with carry from its purchase last year of the broadband facilities of WideOpenWest in Ohio and organic growth in the US, as well as the purchase of Quebec’s Derytelecom in late 2020.
Revenues from American broadband services — called…
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BURLINGTON, Ont. — Cogeco Connexion, the Canadian cable subsidiary of Cogeco Communications, announced today it is the title sponsor of the 2022 Ontario Mixed Curling Championship and is airing the event this week throughout the province on its YourTV community channel.
Taking place at Belleville’s Quinte Curling Club from Wednesday, April 13 to Sunday, April 17, the tournament features curling teams competing for the opportunity to represent Ontario at the November 2022 National Championship, explains a press release.
YourTV will broadcast daily games from the tournament, which will feature 16 teams competing…
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By Ahmad Hathout
COGECO CEO PHILIPPE JETTÉ (above) said today his company has been in “constant conversation” with Canada’s telecom regulator about when the industry can get the terms and conditions required for establishing a mobile virtual network operator (MVNO), and is expecting something in ‘late spring, early summer.’
In April last year, the CRTC decided regional telecoms can force negotiations with the big three national telecoms for access to their mobile wireless networks, thereby allowing these smaller entities to establish services beyond their existing territory – so long as they have spectrum and infrastructure in the target area.
But the regulator has…
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