Cogeco Câble inc.
TSX : CCA

Cogeco Câble inc.

July 31, 2008 11:29 ET

Cogeco Cable Completes the Acquisition of Toronto Hydro Telecom

MONTREAL, QUEBEC--(Marketwire - July 31, 2008) - Cogeco Cable (TSX:CCA), the second largest cable operator in Ontario, Quebec and Portugal based on the number of Basic Cable service customers served, announced today that it completed the acquisition of Toronto Hydro Telecom, the telecommunications subsidiary of Toronto Hydro Corporation, announced on June 13, 2008. The new subsidiary of Cogeco Cable will now operate under the name of Cogeco Data Services Inc.

"The completion of this acquisition represents a significant step for Cogeco Cable because it strengthens our position in the business market segment," said Louis Audet, President and Chief Executive Officer of Cogeco Cable. "Mr. Dave Dobbin, President of Cogeco Data Services Inc., and his management team will continue to operate and lead this new subsidiary in order to foster the strong growth and customer service that have been its hallmark, with Cogeco Cable's full support", added Mr. Audet.

Cogeco Data Services is a data communications provider offering a suite of network solutions, from connectivity, including Ethernet LAN extension services, Internet and Private Line, to value added services like Collocation, Security and Storage. With its extensive fibre optic network and operations throughout the Greater Toronto Area (GTA), the Company counts many of Canada's leading businesses and institutions among its customers.

This acquisition will allow Cogeco Cable to further the development of its business telecommunications activities. Entering the GTA market, the largest local business telecommunications market in Canada, brings interesting growth opportunities for the foreseeable future and provides a unique opportunity to add owned and operated points of presence throughout the GTA. Customers will also be able to benefit from Cogeco Cable's extensive fibre network spanning Ontario and Quebec.

ABOUT COGECO CABLE

Cogeco Cable (www.cogeco.ca), a facility-based telecommunications company offering a diverse range of services to its customers in Canada and in Portugal, is the second largest cable operator in Ontario, Quebec and Portugal, respectively, in terms of the number of Basic Cable service customers served. Through its two-way broadband cable networks, Cogeco Cable provides its residential and commercial customers with Analogue and Digital Television, High Speed Internet, Telephony and Data services. The Corporation provides approximately 2,676,000 revenue-generating units (RGUs) to 2,410,000 homes passed in its Canadian and Portuguese service territories. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA).

Contact Information

  • Cogeco Cable
    Marie Carrier
    Director, Corporate Communications
    514-764-4700