TORONTO – If it can’t buy ’em, it looks like Rogers might overbuild ’em.
Rogers Cable has applied to the CRTC to extend its cable territories in Ontario to include a chunk of Cogeco Cable’s Ontario wheelhouse: Oakville, Burlington, Milton and Halton Hills, as well as into tiny Aurora Cable’s market in Aurora, just north of Toronto.
A move like this may signal a stark departure from the historically collegial cable industry where each company kept to its own territory and expanded by purchasing other cable companies. (Aurora and Cogeco are both known not to be for sale, however.)
In…
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TORONTO – Cogeco Inc. CEO Louis Audet told a conference yesterday that the company is looking to Eastern Europe for its next acquisition.
With everything in Canada, save for some independents here and there in its neighbouring territories, already claimed, Cogeco spent over $650 million to buy Cabovisao in Portugal in 2006. It was an acquisition that faced many doubters, but has turned out well for the company.
And with much of Western Europe pretty well developed, modern and consolidating, too, Audet told attendees at the BMO Nesbitt Burns Media and Telecom Conference on Tuesday that Eastern…
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MONTREAL – Cogeco Cable announced three senior appointments today, including the promotion of Louise St-Pierre as vice-president, customer services and Ontario operations.
St-Pierre is currently vice-president and chief information officer for the cable company. In her new position, she will oversee customer contact operations and residential sales for all of Canada and hold co-ordinating authority for the Ontario Operations.
She replaces Ontario VP Gaston Germain, who left the company this month to go to Pelmorex, as Cartt.ca first reported.
St-Pierre (pictured) joined Cogeco Cable in the summer of 1999 and over the last eight years, “has led the development of…
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MONTREAL – The Setanta premium sports service has been added to the channel lineups of Cogeco Cable digital customers.
The Setanta International Sports Pak offers access to live and delayed top flight European soccer, international rugby, and other global sports.
Setanta International Sports Pak will be available for free to the majority of Cogeco Digital Cable subscribers in Ontario until September 7. Customers will then be able to subscribe for $14.99 a month.
www.cogeco.ca
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MONTREAL- Cogeco Cable’s local phone customers will soon be receiving prepaid calling cards to be used for overseas calls.
The cable company has signed an agreement with Gold Line Telemanagement, Canada’s largest prepaid calling card service provider in Canada, to enable Cogeco’s voice over IP customers in Ontario to make calls abroad through Gold Line’s International Prepaid Calling service
The prepaid service enables customers to call abroad from Ontario through their Cogeco Digital Phone Service and while travelling 65 countries to any world land or mobile destination. Cogeco’s local phone customers will soon receive at home a prepaid calling…
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MONTREAL – Cogeco Cable said today its public offering of three million subordinate voting shares announced on July 19, 2007 has closed, for gross proceeds of $153.45 million,
"The subordinate voting shares are being distributed to the public pursuant to a short form prospectus filed with securities regulatory authorities in each province and territory of Canada through an underwriting syndicate led by BMO Nesbitt Burns Inc. and including CIBC World Markets Inc., GMP Securities L.P., Scotia Capital Inc., Desjardins Securities Inc. and National Bank Financial Inc.," says the press release.
The offering will result in net proceeds to Cogeco…
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MONTREAL – Cogeco Cable Inc. has entered into an agreement with underwriters to raise $153 million through a share issue.
A syndicate of underwriters led by BMO Capital Markets, including CIBC World Markets Inc., GMP Securities L.P., Scotia Capital Inc., Desjardins Securities Inc., and National Bank Financial Inc., have agreed to buy on a bought deal basis 3 million subordinate voting shares by way of a short form prospectus.
Each voting share will cost $51.15, for gross proceeds of $153.45 million.
The net proceeds will be used to reduce debt and for “general corporate purposes,” Cogeco says.
The offering…
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MONTREAL – Cogeco Cable has launched WGN HD, a U.S. digital specialty channel from Chicago, the company announced today.
"As we continue to invest in our state-of-the-art cable network, we will continue to launch new HD channels as they become available," said Ron Perrotta, vice-president, marketing of Cogeco Cable.
WGN HD (channel 293) will be available for free to the majority of Cogeco digital cable subscribers who are paying the $6 HD access fee and who also subscribe to its movies package.
"Our digital cable service has been gaining popularity with more than 43,000 new subscribers in the three…
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MONTREAL – Over the third quarter of fiscal 2007, ended May 31st, revenue at Cogeco Inc. increased by 46.2% reaching $277.4 million and operating income before amortization improved by 44.4%, to stand at $95.5 million.
While Cogeco operates a number of radio stations and has majority control of Quebec conventional broadcaster TQS, it’s the cable side – in Quebec, Ontario and Portugal, that’s really driving the company.
“The cable subsidiary continued to exceed the last financial projections. Revenue generating units (RGUs) are up as well as overall financial results. The media sector improved its revenue mainly due to the performance of…
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BURLINGTON – Gaston Germain announced today he is stepping down from his position as vice-president, Ontario.
On October 15 he will start as president and COO of a Canadian programming service, which was not named in the press release. Until then he will remain at the head of Cogeco Cable’s Ontario operating unit.
"I wish to express my gratitude to Cogeco’s management for giving me the leeway to contribute to the evolution of a great company and establish, for all Cogeco employees in Ontario, a solid ground to perform," said Germain in the press release.
Company president and CEO…
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