MONTREAL – Driven by growth at Cogeco Communications, Cogeco Inc. saw a third quarter increase in revenue and profits.
Profit for the period ended May 31, 2017 amounted to $82.1 million, of which $30.0 million was attributable to owners of the Corporation, compared to a $381.9 million loss for the third quarter of fiscal 2016 of which $117.7 million was attributable to the owners of the Corporation.
The profit progression resulted from last year's non-cash pre-tax impairment of goodwill and intangible assets of $450 million and from the claims and litigations of $10.5 million which both occurred in the Communications segment, the…
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MONTREAL and QUINCY, MA – Cogeco Communications subsidiary Atlantic Broadband is buying the MetroCast cable systems in the eastern United States for US$1.4 billion, the company announced early Monday.
MetroCast's networks pass close to 236,000 homes and businesses in New Hampshire, Maine, Pennsylvania, Maryland and Virginia and serve approximately 120,000 Internet, 76,000 video and 37,000 telephony customers.
Cogeco said that the Caisse de dépôt et placement du Québec pension fund will provide US$315 million in return for a 21% equity stake in Atlantic Broadband's holding company, while the remaining balance of the purchase price and transaction costs will be financed through…
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TORONTO – Just in time for summer vacation season, Bell Media’s video-streaming service TMN Go is allowing subscribers to download content on their mobile devices.
The national launch of offline viewing includes thousands of movies and series titles from The Movie Network, HBO Canada, and The Movie Network Encore, available for download on iOS and Android tablets and smartphones, all for playback without an internet connection.
The offline viewing feature is available now to TMN subscribers with Bell Fibe TV, Bell Satellite TV, Bell Alliant, Bell MTS, Cogeco, Eastlink, and Rogers. An ad campaign promoting the new feature is scheduled to…
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TORONTO – Cogeco Peer 1 is expanding its Multi-Protocol Label Switching (MPLS) connectivity services to customers in the United States and Europe, providing more businesses with a holistic solution that it says can help to reduce IT complexity and enable digital transformation.
MPLS technology enables customers to build a secure and private ‘any-to-any’ network that connects multiple locations with the lowest latency routes, reads the news release. Thanks to its fully managed and diverse network with over 48,000 km of fibre routes, businesses with multiple locations in multiple countries can also leverage the power of MPLS.
“Cogeco Peer 1 MPLS…
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TORONTO – Hollywood Suite will offer the red carpet treatment to new customers in Ontario, B.C., and Alberta after finalizing agreements with Cipher TV (AEBC Internet Corp), Beanfield Metroconnect and Frontline 360 Inc. for its four HDTV movie channels.
“We are thrilled to satisfy more and more Canadians’ appetites for nostalgic, high-quality programming with our growing service partnerships,” said Hollywood Suite content distribution VP Julie Kumaria, in the news release. “With an illustrious, expansive film catalogue and monthly movie premieres to boot, Hollywood Suite is excited to deliver the customers of Cipher TV, Beanfield Metro Connect and Frontline 360 unparalleled…
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MONTREAL – French-language hunting and fishing channel Seasons is launching on Videotron beginning June 15.
Distributed by Canal+ Group subsidiary Thema, Seasons launched in Canada in 2016 and is also available through Bell Fibe TV, Cogeco, CCAP, Sogetel and Cablevision.
Programming includes Terroirs, a magazine show about men and women perpetuating their regions’ traditions; Pêches Modernes, featuring the latest technological breakthroughs in fishing; and Chasses au Pluriel, a program about responsible hunting geared towards protecting the environment.
Seasons added that it airs 50 hours of programs about hunting and 50 hours of programs about fishing each week, including previously-unreleased documentaries and other…
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MONTREAL – Cogeco Connexion brought its Gigabit Internet service to Quebec Tuesday, launching in various sectors of Trois-Rivières.
UltraFibre 1Gig service will roll out in successive phases in the Ontario and Québec markets where Cogeco Connexion provides services. It debuted in Cogeco’s Oakville and Burlington, ON markets last November.
According to the company’s website, pricing starts at $148.95 per month for residential customers and includes the 1 Gig modem, the advanced AC Wi-Fi router and up to 2 AC Wi-Fi extenders (additional AC Wi-Fi extenders are offered at $4.95/month each). Business customers will pay $179.95 per month with a three year…
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TORONTO – An increasing number of Canadians are not only opting for alternative video services, their level of satisfaction is higher for alternatives than for their traditional pay TV service, according to new data from J.D. Power.
The Canadian Television Provider Customer Satisfaction Study measures overall satisfaction with television service providers based on six factors (in order of importance): performance and reliability; cost of service; programming; communication; billing; and customer service. The Canadian Internet Service Provider Customer Satisfaction Study is based on five factors (in order of importance): performance and reliability; cost of service; communication; billing; and customer service. Continue Reading
TORONTO – ISED Minister Navdeep Bains opened the 2017 Canadian Telecom Summit with a speech outlining a number of new government initiatives, but there was one overarching message that has to burn the ears of the incumbent network providers in attendance who were listening.
That is, your prices are far too high.
“The bigger barrier is prices, which are especially high for low-usage cellphone plans,” the Innovation, Science and Economic Development Minister said in his speech to delegates.
“I get letters regularly from Canadians who are concerned that they are being priced out of the market,” he added in the speech.
“Our government…
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TORONTO – Some rural and remote communities with poor Internet connectivity are looking at setting up their own service for residents rather than wait for big carriers to come into their area. but the head of Cogeco’s cable operations has gently warned municipalities and utilities in Ontario and Quebec that the private sector has the money and expertise to do it better.
“We are convinced Internet service providers are better equipped and better positioned to develop these types of networks,” Ken Smithard, president of Cogeco Connexion, told the Canadian Telecom Summit on Monday.
In particular, he said, there are high operational…
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