Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the second quarter of its 2011 fiscal year which ended February 28, 2011.
Cogeco reported overall revenue for the quarter increased by 6.6% from the same period a year earlier to $350.6 million while operating income rose 9.3% to $136 million. Revenue and operating income for the first six months of the year were up 5.5% and 7.6% to $693.4 million and $121.9 million respectively.
It has now been six years since cable telephony first launched in this country and the number of Canadians receiving cable telephone service from Canada’s big four cable companies – Rogers, Shaw, Vidéotron and Cogeco – is now over 3.6 million subscribers.
By comparison, Canada’s traditional telecommunication giants – BCE and Telus – have just under 13 million subscribers.
Digital Home routinely receives updates from Canada’s largest Video, Voice, data and wireless providers informing us how successful they have been in signing up new customers and pronouncing themselves the industry leader.
Every quarter, we bring this information together and find out which companies are Canada’s biggest video, voice, data and wireless service providers.
Cogeco Cable this week announced the addition of 6 new High Definition (HD) channels to its line-up in select portions of Ontario.
The new channels include two sports channels and four lifestyle channels from High Fidelity. New stations include: NFL HD on channel 746, Big Ten HD on channel 745, and EQ HD, RadX HD, Treasure HD and Oasis HD on channels 774 through 778
Shaw and Cogeco cable customers are upset these days as both companies have announced price increase effective April 1st.
Digital Home readers tell us that Cogeco will be increasing their digital cable packages, TMN Package, by $2 per month. Cogeco is also bumping the price of its digital phone packages by $2 per month.
Corus Entertainment and Cogeco yesterday announced the sale of Corus’ Quebec radio stations to Cogeco Inc. for $80 million has closed.
The deal was approved by the CRTC in December after Cogeco agreed to establish a news agency called Cogeco Nouvelles, which will provide local stations with talk-radio content, and to divest itself of three stations to avoid concentration of ownership.
Cogeco Cable, Canada’s fourth largest cable operator, has announced that Sportsnet One is now available to digital cable customers in Ontario.
Sportsnet One is an English language national sports channel serving as a complementary service to Rogers Sportsnet, a regional sports network also owned by Rogers Media. The channel broadcasts standard definition (SD) and in high definition (HD).
Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the first quarter of its 2011 fiscal year which ended November 30, 2010.
Cogeco reported overall revenue for the quarter increased by 4.5% from the same period a year earlier to $342.8 million while operating income rose 6% to $137 million. Net income for the quarter dropped 29.8% to $16 million from $22.7 million in the same quarter a year earlier.