Search Results for: cogeco

Cable / Telecom News

Rogers overbuild rather unlikely, says Cogeco CEO

MONT TREMBLANT – Cogeco CEO Louis Audet said Thursday he thought it pretty improbably that Rogers Cable would want to overbuild his company’s regions of Halton, Oakville and Burlington. He was responding to a question at the CIBC Institutional Investor Conference at the Fairmont Mont Tremblant, Quebec. Cartt.ca broke the story last week that Rogers had applied to the CRTC to expand its cable licensed territories to include the large piece of Cogeco’s Ontario territory as well as that of Aurora Cable. Audet doesn’t figure Rogers has any plans to completely overbuild, as it would be far too costly…. Continue Reading

Cable / Telecom News

Cogeco adds MTV to Quebec lineup

MONTREAL – Cogeco Cable has announced the addition of Canada’s MTV to its digital line-up in Quebec. “By adding MTV, we are giving our customers the choice to watch even more of what they want,” said Ron Perrotta, Cogeco Cable’s Vice- President, Marketing, in the press release. “As we continue to invest in our state-of-the-art cable network, we will continue to launch new digital channels as they become available.” MTV will be available in Quebec on channel 155 to Cogeco Digital Cable customers, as part of the “Variety” theme package at no extra cost to current subscribers of the… Continue Reading

Cable / Telecom News

Cogeco adds MTV to Quebec lineup

MONTREAL – Cogeco Cable has announced the addition of Canada’s MTV to its digital line-up in Quebec. “By adding MTV, we are giving our customers the choice to watch even more of what they want,” said Ron Perrotta, Cogeco Cable’s Vice- President, Marketing. “As we continue to invest in our state-of-the-art cable network, we will continue to launch new digital channels as they become available.” MTV will be available in Quebec on channel 155 to Cogeco Digital Cable customers, as part of the “Variety” theme package at no extra cost to current subscribers of the package. MTV offers interactive… Continue Reading

Cable / Telecom News

UPDATE: Rogers wants to overbuild Cogeco, Aurora

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… Continue Reading

Cable / Telecom News

Cogeco looking behind old Iron Curtain

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… Continue Reading

Cable / Telecom News

Cogeco hires from within; St-Pierre takes over Ontario

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… Continue Reading

Cable / Telecom News

Cogeco adds more pay sports, too

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 Continue Reading

Cable / Telecom News

Cogeco to card customers for international calls

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… Continue Reading

Cable / Telecom News

Cogeco raises $147 million

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… Continue Reading

Cable / Telecom News

Cogeco Cable to raise $153 million via share issue

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… Continue Reading