With no wireless or TV plans, Cogeco happy to be a mid-sized telecom, cable, radio player

By Steve Faguy

MONTREAL - While its competitors in the telecom industry are becoming more vertically integrated, Cogeco president and CEO Louis Audet says his company is comfortable in its position as a mid-sized telecom and has no plans to copy companies like Bell and Rogers by acquiring TV specialty channels or building a wireless network. Audet has a reason to be confident. Cogeco's first-quarter earnings, released Thursday morning before the annual shareholders' meetings of the company and subsidiary Cogeco Cable, shows its profit up 20% to $47.9 million from $39.8 million for the first quarter of last year, mainly due to a...