Cogeco

Last updated

Cogeco Inc.
CGO Inc.
Company typePublic
TSX:  CGO
TSX:  CCA
Industry Telecommunications
Founded1957
Trois-Rivières, Quebec, Canada [1]
FounderHenri Audet
Headquarters Montreal, Quebec, Canada
Key people
  • Frédéric Perron (President & CEO)
  • Patrice Ouimet (Senior Vice President & CFO)
Products Cable TV, Internet, telecommunications, broadcasting
RevenueIncrease2.svgCA$2.33 billion(FY19)CA$2.15 billion(FY18) [2]
Increase2.svgCA$1.11 billion(FY19)CA$1.01 billion(FY18) [2]
Increase2.svgCA$432 million(FY19)CA$351 million(FY18) [2]
Total assets Decrease2.svgCA$6.95 billion(FY19)CA$7.18 billion(FY18) [2]
Number of employees
4,500 [3]  (2019)
Subsidiaries Breezeline
Website corpo.cogeco.com/cca/
www.cogeco.ca

Cogeco Inc. is a Canadian telecommunications and media company. Its corporate offices are located at 1 Place Ville-Marie in Montreal, Quebec. The company is structured into three strategic business units (SBU); Cogeco Connexion, Breezeline (previously known as Atlantic Broadband), and Cogeco Media. [4] The company provides a range of telecommunication products and services including cable television, radio and television broadcasting, telephony, and Internet services in Ontario and Quebec in Canada, and in thirteen states along the east coast of the United States. [5]

Contents

Cogeco Inc. is a publicly traded company (TSX :  CGO) and is controlled through multiple voting shares (accounting for 71.29% of votes) by the Audet family's holding company Gestion Audem Inc. [6] [7] [8] In turn, Cogeco Inc. fully owns Cogeco Media, and owns 82.96% of the voting rights in Cogeco Communications Inc., a separate publicly traded company (TSX :  CCA) which owns the Canadian and U.S. cable and telecom operations. [8] The name Cogeco is an acronym for Compagnie Générale de Communication ("General Communications Company"). [9]

History

In June 1957, Henri Audet (1918-2012) left the Canadian Broadcasting Corporation (CBC), became president and managing director of Télévision St. Maurice Inc., and was awarded a broadcasting license by the Canadian Radio Broadcasting Commission (CRBC) to operate a television station in Trois-Rivières, Quebec. The call sign would be CKTM-TV, [9] and it would become an affiliate of the CBC's French-language network. Télévision St. Maurice Inc. was later renamed Cogéco Radio-Télévision Inc., a subsidiary of Cogeco Inc. He would also become chairman and president of La Belle Vision Inc., [10] which was in 1972, Cogeco's first acquisition. [11] [12] Henri Audet was chairman and CEO of Cogeco Inc. between 1976 and 1993, and later in 1996, was named President Emeritus of Cogeco Inc. and Cogeco Cable Inc. [13]

Cogeco Cable Services inc.gif

Over time, the company divested itself of all its on-air broadcast television assets. In 1989, the company obtained its initial presence in Ontario by acquiring cable systems in Burlington and Oakville and in 1996 expanded further in Ontario by acquiring an additional 25 cable systems (303,000 customers for CA$350 million) from Rogers Communications. [14] Between 1998 and 2001, Cogeco increased its footprint in both Quebec and Ontario with the acquisition of an additional 19 cable systems. [11] In a turn of events, in 2009, and again in 2010, Rogers invested substantially in both Cogeco Inc. and Cogeco Cable Inc., [15] [16] resulting in some speculation surrounding the two rivals. [17]

In 2011, the company increased its radio station assets by acquiring Corus Québec, a subsidiary of Corus Entertainment, [18] and in 2018 acquired additional radio stations from RNC Média, giving it a total of twenty-two radio stations in Quebec and one in Ontario. [11] Also that year, the company purchased Métromédia for CA$41 million to later sell it in 2018 to Bell Media for an undisclosed amount. [19]

In February 2012, the company also sold its cable system Cabovisão in Portugal to the European media group Altice. [20]

In July 2012, the company expanded into the U.S. market by acquiring the cable system operator Atlantic Broadband. [11] In December that same year, it acquired Peer 1 Hosting, an internet infrastructure provider, [21] and later in October 2015, merged it with its Cogeco Data Services, forming a new subsidiary called Cogeco Peer 1. [22]

In January 2018, Cogeco Communications Inc. announced that its US subsidiary Atlantic Broadband had completed the acquisition of the cable systems owned by Harron Communications which were operating under the brand name MetroCast [23] for US$1.4 billion, [24] making the company the eight largest hybrid fibre coaxial cable operator in North America. [25]

In February 2019, the company announced it sold Cogeco Peer 1 to private equity firm Digital Colony for CA$720 million. [26] Cogeco Peer 1 later changed its name to Aptum Technologies.

On 2 September 2020, Altice USA announced an unsolicited offer to purchase both Cogeco and Cogeco Communications. Altice announced it would immediately resell Cogeco's Canadian assets to Rogers, which retains large minority interests in both Cogeco companies, while Altice would keep Cogeco's U.S. assets including Atlantic Broadband. [27] Cogeco's controlling shareholders, the Audet family, indicated shortly thereafter that they would not support the offer. [28] [29] It was also rejected by the companies' boards of directors, and Quebec Premier François Legault had also signalled his opposition to losing another major Quebec-based company. [30] Altice and Rogers said they would continue to pursue a purchase, with Rogers promising to maintain a separate management team and regional headquarters for its Quebec operations. [30] In October 2020, Altice made a second offer, increasing it to CA$11.1 billion in cash, which was again rejected by the Audet family. [31] The offer expired that November. [32] Rogers subsequently sold its remaining stakes in the Cogeco companies to the Caisse de dépôt et placement du Québec in December 2023. [33]

Following the acquisition of systems in Ohio in 2021, Atlantic Broadband rebranded as Breezeline in early 2022. [34]

On 21 October 2020, Cogeco Communications announced an agreement for the acquisition of DERYTelecom by its subsidiary Cogeco Connexion for $405 million. [35] Founded in Saguenay, DERYTelecom is the third largest cable company in Quebec. The closing of the transaction is announced on 14 December 2020. [36]

In February 2023, the company announced that it had acquired the telecommunications operation of Internet service provider oxio [37] [38]

Digital services

Digital cable television

Within its Canadian cable operations in Ontario and Quebec, 98% of all homes passed by Cogeco Cable-owned plant are able to access digital cable services. [39]

In August 2018, Cogeco announced that it would convert its cablesystems to IPTV using MediaKind platforms. [40]

Internet access

A marker post alerting to the presence of Cogeco optical fiber CogecoOpticalFiber.jpg
A marker post alerting to the presence of Cogeco optical fiber

Cogeco Cable was one of the first major cable operators to deploy its network compliant with the Data Over Cable Service Interface Specification (DOCSIS) standard to provide all of its Internet Protocol (IP) based services, such as internet access and VoIP as early as 2002. [41]

In April 2009, Cogeco implemented a penalty for surpassing the bandwidth limits for each tier. As of August 2021, Cogeco offers up to gigabit download speeds (30 Mbit/s upload) in certain areas which takes advantage of its DOCSIS 3.1 platform upgrades and 180 Mbit/s download (10 Mbit/s upload) most of its footprint on DOCSIS 3.0.

VoIP digital telephony

Cogeco Cable launched its digital phone service in June 2005, a VoIP-based telephony service offering customers unlimited local & long distance calling within Canada and to the United States, voice mail, call display, call waiting, visual call waiting, call forwarding, 411-directory assistance, 911-emergency assistance, 611-technical support assistance, 711-message relay services and 0-operator services.

See also

Related Research Articles

Present-day telecommunications in Canada include telephone, radio, television, and internet usage. In the past, telecommunications included telegraphy available through Canadian Pacific and Canadian National.

<span class="mw-page-title-main">Telus</span> Subsidiary of Telus Corp, a Canadian telecommunications company

Telus Communications Inc. (TCI) is the wholly owned principal subsidiary of Telus Corporation, a Canadian national telecommunications company that provides a wide range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, smart home automation and IPTV television. The company is based in the Vancouver, British Columbia, area; it was originally based in Edmonton, Alberta, before its merger with BC Tel in 1999. Telus' wireless division, Telus Mobility, offers UMTS, and LTE-based mobile phone networks. Telus is the incumbent local exchange carrier in British Columbia and Alberta. Its primary competitors are Rogers Communications and Bell Canada. Telus is a member of the British Columbia Technology Industry Association.

<span class="mw-page-title-main">Persona Communications</span> Defunct Canadian telecommunications company

Persona Communications, formerly Regional Cablesystems, was a cable television, Internet and telecommunications provider in Canada.

Rogers Cable Inc. is Canada's largest cable television service provider with about 2.25 million television customers, and over 930,000 Internet subscribers, primarily in Southern and Eastern Ontario, New Brunswick and Newfoundland and Labrador. Rogers Cable is a division of Rogers Communications Partnership, itself wholly owned by Rogers Communications Inc.

<span class="mw-page-title-main">BCE Inc.</span> Canadian telecommunications and media company

BCE Inc., an abbreviation of its former name Bell Canada Enterprises Inc., is a publicly traded Canadian holding company for Bell Canada, which includes telecommunications providers and various mass media assets under its subsidiary Bell Media Inc. Founded through a corporate reorganization in 1983, when Bell Canada, Northern Telecom, and other related companies all became subsidiaries of Bell Canada Enterprises Inc., it is one of Canada's largest corporations. The company is headquartered at 1 Carrefour Alexander-Graham-Bell in the Verdun borough of Montreal, Quebec, Canada.

Noovo is a Canadian French-language terrestrial television network owned by the Bell Media subsidiary of BCE Inc. The network has five owned-and-operated and three affiliated stations throughout Quebec. It can also be seen over-the-air in some bordering markets in the provinces of Ontario and New Brunswick, and in some other parts of Canada on cable television or direct broadcast satellite.

<span class="mw-page-title-main">Corus Entertainment</span> Canadian media/broadcasting company

Corus Entertainment, Inc. is a Canadian mass media company. The company was founded in 1987 as Shaw Radio, Ltd. as a subsidiary of Shaw Communications and was spun-off from Shaw in 1999. It has prominent holdings in the radio, publishing, and television industries. Corus is headquartered at Corus Quay in Toronto, Ontario.

Bell Aliant Inc. is a brand name used by Bell Canada for telecommunications services in Atlantic Canada.

<span class="mw-page-title-main">Shaw Communications</span> Former Canadian communications company

Shaw Communications Inc. was a Canadian telecommunications company which provided telephone, Internet, television, and mobile services. The company was founded in 1966 as Capital Cable Television Company, Ltd. by JR Shaw in Edmonton. The company was acquired by and amalgamated into Rogers Communications in 2023; most operations were rebranded to the Rogers brand beginning in July of that year, although they are still operational.

<span class="mw-page-title-main">Altice USA</span> American telecommunications and media company; spin-off of Altice Europe

Altice USA, Inc., commonly known as Altice, is an American telecommunications provider with headquarters in New York City, owned by the Franco-Israeli businessman Patrick Drahi. The company delivers pay television, Internet access, telephone services, and original television content to approximately 4.9 million residential and business customers in 21 U.S. states. Altice USA is based at One Court Square in Long Island City, Queens, New York City. The company's operational center located at Cablevision's former headquarters in Bethpage, Nassau County, New York, on Long Island. With its combined brands, Altice USA is the fourth-largest cable provider in the U.S., serving customers residing in the New York metropolitan area as well as in several Midwestern and Southern U.S. states.

CKTM-DT, virtual channel 13, branded on-air as ICI Mauricie–Centre-du-Québec, is an Ici Radio-Canada Télé owned-and-operated station licensed to Trois-Rivières, Quebec, Canada and serving the Mauricie region. The station is owned by the Canadian Broadcasting Corporation. CKTM-DT's studios are located on Boulevard Saint-Jean in Trois-Rivières, and its transmitter is located on Rue Principale in Notre-Dame-du-Mont-Carmel. On cable, the station is available on Cogeco Cable channel 3 and in high definition on digital channel 504.

CKTV-DT, virtual and VHF digital channel 12, branded on-air as ICI Saguenay–Lac-Saint-Jean, is an Ici Radio-Canada Télé owned-and-operated station licensed to Saguenay, Quebec, Canada and serving the Saguenay–Lac-Saint-Jean region. The station is owned by the Canadian Broadcasting Corporation. CKTV-DT's studios are located on Rue des Saguenéens in the former city of Chicoutimi adjacent the Place du Royaume shopping centre, and its transmitter is located atop Mount Valin. On cable, the station is available on Vidéotron channel 2 and in high definition on digital channel 602.

Community television in Canada is a form of media that carries programming of local community interest produced by a cable television company and by independent community groups and distributed by a local cable company.

WideOpenWest is the eighth largest cable operator in the United States with their network passing 1.9 million homes and businesses. The company offers landline telephone, cable television, and broadband Internet services. As of November 3, 2022, WOW! has about 538,100 subscribers.

YourTV is the brand of community channels owned by Cogeco. YourTV broadcasts into the Canadian provinces of Ontario and Quebec. Some channels broadcast in both the English and French languages, often on separate channels, in which case the French-language station is branded NousTV.

<span class="mw-page-title-main">Breezeline</span> American telecommunications company

Breezeline is the trade name for the United States operations of Cogeco Communications, constituting the 8th largest cable operator in the United States, based on the number of television service customers served. The company currently provides TV, Internet and phone services using a combined coaxial cable & fiber-to-the-premises (FTTP) network. Breezeline currently has approximately 707,000 broadband customers located in thirteen states. The company is headquartered in Quincy, Massachusetts.

<span class="mw-page-title-main">Viewers Choice</span> Former eastern Canadian pay-per-view television service

Viewers Choice was a Canadian English language pay-per-view (PPV) and near video on demand service. It was owned by Viewers Choice Canada Inc., which at the time of its closure was majority-owned and managed by Bell Media, with minority partners Rogers Media and ESPN Inc., and had been carried by various cable and IPTV service providers, primarily in Eastern Canada.

The National Broadband Task Force was an initiative of the Government of Canada whose mandate was established in 2001 by the Canadian Minister of Industry, at that time Brian Tobin.

<span class="mw-page-title-main">TekSavvy</span>

TekSavvy Solutions Inc. (TSI) is a Canadian residential, business, and wholesale telecommunications company based in Chatham, Ontario. In most of the country, it is a wholesale-network-access-based service provider and voice reseller, connecting its service to existing last mile networks from telecom carriers Bell Canada and Telus Communications, and cable carriers Rogers Communications, Cogeco Cable, Shaw and Vidéotron. However, in parts of rural southwestern Ontario, the service is provided over TekSavvy's own fixed wireless network. Recently they have also rolled out their own fibre optic network in parts of southwestern Ontario.

Optimum is an American telecommunications brand owned and operated by Altice USA. It is the fourth largest cable provider in the United States and a Fortune 500 company. Optimum offers Internet, television, mobile and home phone serving in 17 states.

References

  1. ↑ "Cogeco Annual Report 2006" (PDF). Archived from the original (PDF) on 29 September 2007. Retrieved 14 April 2007.
  2. 1 2 3 4 "Cogeco 2019 Annual Report" (PDF). corpo.cogeco.com.
  3. ↑ "Cogeco employees in North America". corpo.cogeco.com. 14 July 2023.
  4. ↑ "Cogeco Organizational Structure". Cogeco Corporate Website. Archived from the original on 10 January 2018. Retrieved 23 May 2020.
  5. ↑ "Cogeco Communications Inc". About Cogeco Communications Inc. Archived from the original on 13 April 2020. Retrieved 23 May 2020.
  6. ↑ "Federal Corporation Information - 068854-1 - Online Filing Centre - Corporations Canada - Corporations - Innovation, Science and Economic Development Canada". www.ic.gc.ca. Archived from the original on 23 May 2020. Retrieved 20 March 2020.
  7. ↑ "Gestion Audem Inc - Company Profile and News". Bloomberg.com. Archived from the original on 20 March 2020. Retrieved 20 March 2020.
  8. 1 2 "Ownership – Broadcasting - CRTC" (PDF). crtc.gc.ca. 11 June 2019. Archived (PDF) from the original on 20 March 2020. Retrieved 20 March 2020.
  9. 1 2 ez2me2009 (14 April 2011). "Station identification for CKTM-TV, which included the Cogeco logo and its meaning". YouTube. Retrieved 28 November 2011.{{cite web}}: CS1 maint: numeric names: authors list (link)
  10. ↑ "CKTM-TV". History of Canadian Broadcasting. Archived from the original on 17 November 2017. Retrieved 23 May 2020.
  11. 1 2 3 4 "Cogeco History". corpo.cogeco.com. Archived from the original on 22 October 2019. Retrieved 23 May 2020.
  12. ↑ "Cogeco Inc. | History of Canadian Broadcasting". www.broadcasting-history.ca. Archived from the original on 27 March 2020. Retrieved 18 March 2020.
  13. ↑ Audet, Henri. "Henri Audet Biography". History of Canadian Broadcasting. Archived from the original on 11 August 2018. Retrieved 23 May 2020.
  14. ↑ "History of Rogers Communications Inc. – FundingUniverse". www.fundinguniverse.com. Archived from the original on 12 March 2017. Retrieved 21 March 2020– via International Directory of Company Histories, Vol. 30. St. James Press, 2000.
  15. ↑ "Rogers Purchasing 3.2 Million Shares of Cogeco Cable Inc. and 1.6 Million Shares of Cogeco Inc". About Rogers. 26 November 2009. Archived from the original on 21 March 2020. Retrieved 21 March 2020.
  16. ↑ "Rogers Purchasing Additional Shares of Cogeco Cable Inc. and Cogeco Inc". About Rogers. 4 November 2010. Archived from the original on 21 March 2020. Retrieved 21 March 2020.
  17. ↑ "What's up between Cogeco and Rogers". The Globe and Mail. 26 November 2009. Archived from the original on 18 June 2018. Retrieved 21 March 2020.
  18. ↑ "Cogeco Media". Cogeco Media. Archived from the original on 23 April 2020. Retrieved 23 May 2020.
  19. ↑ "Cogeco sells Metromedia division to Bell Media for undisclosed price". The Globe and Mail. 5 January 2016. Archived from the original on 17 December 2016. Retrieved 18 March 2020.
  20. ↑ "Sale of Cabovisão – Televisão por Cabo S.A. to European Group ALTICE" (PDF). Archived from the original (PDF) on 14 May 2014. Retrieved 1 March 2012.
  21. ↑ "Cogeco Cable Inc. to acquire Peer 1 Network Entreprises, Inc" (PDF). 18 July 2012. Archived from the original (PDF) on 14 July 2014. Retrieved 14 May 2014.
  22. ↑ "Presenting Cogeco Peer 1". Cogeco. 19 October 2015. Archived from the original on 11 November 2016. Retrieved 10 November 2016.
  23. ↑ "Cogeco Communications Inc. Announces the Completion of Atlantic Broadband's Acquisition of All of the Metrocast Cable Systems". Cogeco Communications Inc. Announces the Completion of Atlantic Broadband's Acquisition of All of the Metrocast Cable Systems (in French). 4 January 2018. Archived from the original on 21 April 2019. Retrieved 18 March 2020.
  24. ↑ "Cogeco achète des actifs de MetroCast pour 1,4 milliard US | Médias et télécoms". La Presse (in Canadian French). 10 July 2017. Archived from the original on 13 July 2017. Retrieved 10 July 2017.
  25. ↑ "About Cogeco Communications Inc". About Cogeco Communications Inc. Archived from the original on 28 October 2019. Retrieved 18 March 2020.
  26. ↑ "Cogeco Peer 1 Sold". Corpo Cogeco. 27 February 2019. Archived from the original on 23 May 2020. Retrieved 23 May 2020.
  27. ↑ Deschamps, Tara (2 September 2020). "U.S. cable company makes $10.3B bid for Cogeco, would sell Cdn. assets to Rogers". Toronto Star . Retrieved 2 September 2020.
  28. ↑ "Achat de Cogeco: un refus «définitif» des Audet". La Presse (in French). 7 September 2020. Retrieved 21 December 2020.
  29. ↑ Zivitz, Noah (2 September 2020). "Rogers, Altice target Cogeco for $10.3B takeover; Audet balks". BNNBloomberg.ca . Retrieved 2 September 2020.
  30. 1 2 Posadzki, Alexandra; van Praet, Nicolas (4 September 2020). "Rogers vows to keep Cogeco headquarters in Quebec if deal goes through". The Globe and Mail . Retrieved 4 September 2020.
  31. ↑ "Cogeco owner rejects latest multi-billion takeover offer from Altice, Rogers | CBC News". CBC. Retrieved 21 December 2020.
  32. ↑ Posadzki, Alexandra (18 November 2020). "As Cogeco bid expires, Rogers CEO says deal 'just wasn't meant to be'". The Globe and Mail . Retrieved 14 January 2022.
  33. ↑ "Canada's Rogers offloads Cogeco stake for $611 mln to CDPQ". Reuters. 11 December 2023. Retrieved 4 July 2024.
  34. ↑ Winslow, George (10 January 2022). "Atlantic Broadband Rebrands as Breezeline". TVTechnology. Retrieved 11 January 2022.
  35. ↑ Arsenault, Julien (21 October 2020). "Cogeco allonge 405 millions pour avaler DERYtelecom". La Presse (in Canadian French). Retrieved 7 March 2023.
  36. ↑ "Cogeco Communications Inc. annonce la conclusion de l'acquisition de DERYtelecom par Cogeco Connexion". www.newswire.ca (in French). 14 December 2020. Retrieved 7 March 2023.
  37. ↑ Connexion, Cogeco. "COGECO CONNEXION ANNOUNCES THE ACQUISITION OF OXIO". www.newswire.ca. Retrieved 7 March 2023.
  38. ↑ https://www.thestar.com/business/the-industry-is-in-crisis-another-small-internet-provider-sells-to-big-telecom/article_d813412e-5cb3-536b-9beb-4b3c84e89f33.html [ bare URL ]
  39. ↑ "Cogeco Annual Report 2006" (PDF). cogeco.ca. p. 10. Archived from the original (PDF) on 3 July 2007. Retrieved 14 April 2007.
  40. ↑ Frankel, Daniel (17 August 2018). "Cogeco: MediaFirst Rollout Will Exist Alongside TiVo". Multichannel. Retrieved 30 March 2019.
  41. ↑ "Cable Television Laboratories Inc. SPECS News & Technology Newsletter". August 2002. Archived from the original on 20 May 2007. Retrieved 16 August 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.