Cogeco Inc (TSX:CGO) News and Share PriceTelecommunication
Cogeco Inc, a holding company, operates in the media and telecommunications sector through its subsidiaries.
The company has a presence across the globe, including Canada, the United States, and Europe.
It operates under two business segments: Cogeco Communications and other.
The company claims to generate maximum revenue from the communications segment, which provides network connectivity, managed hosting, and cloud services to small and medium-scale organizations.
Cogeco also generates significant revenue from Canadian broadband services, reportedly.
The company operates through its subsidiary Atlantic Broadband in the United States.
With a history of over 60 years, Cogeco is a leading business in the North American telecommunication sector.
Cogeco reportedly has a strong footprint in Quebec and Ontario as the 2nd largest cable operator and ranks 9th most prominent in the United States.
In North America, the cable operator operates under the name Cogeco Connexion, providing various services to business and residential customers. Some of the services offered are:
• Fiber network
• Telephone services
• Broadband connection
The other two crucial reportable segments of the company include: American Broadband Services and Canadian Broadband services.
The company provides a wide range of internet and broadband services such as:
• High-speed internet
• Video-on-demand services
• Pay-per-view channels
• 4k television
• Telephone services
• IP for transporting digitized voice signals.
The company reportedly focuses on organic growth through acquisitions and network investments in areas where the company is already located as a consolidator of regional cable operators.
Cogeco also focuses on technological advancements and innovation.
It acquired La Belle Vision in 1972 as its first cable purchase. It started trading its shares publicly in 1985.
The company purchased Tele-Cable BSL and Cablestrie in 1987 Oakville systems and Burlington in Ontario of CableNet Ltd and Cybermedix in 1989.
By 1996, the holding firm expanded its presence in Ontario and acquired 25 cable networks with approximately 300,000 subscribers.
The company entered the business ICT sector following the Ontario-based Hydro Telecom fiber network acquisition in 2008.
Through its subsidiary Cogeco Cable, the company also launched an advanced television services Cogeco TiVo service across Canada.
In May 2015, Cogeco merged with Cogeco Data services and its subsidiary, Peer 1 hosting, to reportedly build a leading position in the business ICT sector.
The diversified holding company expanded its presence in the United States with the subsequent acquisition of MetroCast Connecticut through its subsidiary Atlantic Broadband.
In January 2021, the company also launched an internet TV (iTV) service, EPICO.
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