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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
MONTRÉAL — Cogeco Inc. and Cogeco Communications Inc. announced today the appointment of Linda Gillespie (above) to the position of senior vice-president and chief human resources officer, effective April 4.
Based at the company’s head office in Montréal, Gillespie “will lead the human resources team in empowering colleagues across the organization and foster a highly collaborative, engaging and inclusive work environment,” reads a Cogeco press release announcing her hiring.
Gillespie is a senior human resources professional with more than two decades of experience in various industries including telecommunications, according to the press release.
Most recently, she was senior vice-president of human…
Continue Reading
MONTRÉAL – Cogeco announced today the company and its employees raised $496,000 for the United Way through their participation in the annual United Way campaign in Ontario and Centraide campaign in Québec.
“Firmly committed to its communities and driven by a profound desire to give back, Cogeco has been involved for many years in the United Way/Centraide fundraising campaign, which aims to raise and invest funds locally to break the cycle of poverty and exclusion,” a press release explains.
Cogeco is committed to its corporate social responsibility program, having invested over $16.7 million in cash donations and airtime to 700 North…
Continue Reading
MONTRÉAL – Cogeco has wanted to move into wireless for several years now, and while progress has been made towards that goal, it has been a marathon, not a sprint.
This was clear last Friday during an annual press briefing prior to the company’s annual general meeting, when Cogeco president and CEO Philippe Jetté highlighted the continued development of the company’s mobile wireless plans as one of its achievements of the year. (While Jetté gave his speech in French, Cogeco provided an English translation.)
Jetté listed Cogeco’s acquisition of 38 new spectrum licences last July and the CRTC’s decision last…
Continue Reading
MONTRÉAL – Cogeco Inc. reported its first quarter 2022 results today, which show its revenue increased by 15.3% to $745.3 million compared to the previous year while profits declined 1.1% to $119.1 million.
Cogeco also reported adjusted EBITDA increased 10.4% to $354.4 million.
On a constant currency basis, for the quarter ended Nov. 30, Cogeco reported revenues were up 18% compared to the previous year, mainly due to an increase in American broadband services revenue by 31% in constant currency, an increase in Canadian broadband services revenue by 8.2% and a decrease in revenue from media activities by 2.6%, according to…
Continue Reading
MONTREAL — Cogeco Inc. today unveiled its first Climate Action Plan and its Task Force on Climate Related Disclosures (TCFD) report, which outlines the key steps the company is taking to address climate change as well as its processes and strategies to assess and manage climate-related risks and opportunities.
“This plan aims to facilitate access to all the information related to our climate change strategy,” reads a Cogeco press release.
“Climate action must be a priority for all industries as a continued collective effort is required to build a prosperous and sustainable economy. Cogeco is determined to demonstrate strong and…
Continue Reading
MONTREAL – Cogeco Inc. announced yesterday its fiscal results for its fourth quarter ended Aug. 31, which showed revenue increased 4.9% to $655.1 million compared to the same period last year.
On a constant currency basis, revenue increased 8.4%. This was attributed to growth in the company’s Canadian broadband services revenue, which increased 10.1% mainly due to the company’s acquisition of DeryTelecom last December.
Revenue growth was also attributed “to growth in the number of Internet service customers and a higher value product mix, combined with rate increases implemented by certain services, partly offset by a decline in video and telephony…
Continue Reading
