Cogeco Acquires Burlington Hydro's Telecommunications Division

[cablewithaview]

Cogeco Cable, the second largest cable operator in both Ontario, Québec and Portugal based on the number of Basic Cable service customers served, announced today it has reached a definitive agreement to acquire all the assets of FibreWired Burlington Hydro Communications, Burlington Hydro Electric Inc.'s telecommunications division
(City of Burlington's energy company).

FibreWired Burlington Hydro Communications, which operates a broadband network equipped with
next generation ATM and Ethernet technology, provides Burlington organizations with the
broadband capacity they need for data networking, high-speed Internet access, hosting services, ebusiness applications, video conferencing and other advanced communications. Cogeco Cable will use this network to expand its commercial broadband service offering in the area, which is in Cogeco Cable's footprint. FibreWired Burlington Hydro Communications customers will also be able to benefit from Cogeco Cable's suite of business products and access to Cogeco Cable's extensive fibre network spanning Ontario and Quebec.

"This acquisition, which follows the acquisition of MaXess Networx in the Windsor area, is another
step in the enrichment of the Cogeco Business Solutions Data offering", said Louis Audet, President and CEO of Cogeco Cable. "FiberWired Burlington Hydro Communications is a great growth
opportunity that is in line with our strategy and meets our stringent criteria. We are confident it will prove a great added value for Cogeco Cable's customers, shareholders and employees."

"The sale of our FibreWired assets provides excellent value to our shareholder, the City of
Burlington." David Collie, Burlington Hydro's President and CEO explained. We are pleased that
Cogeco Cable, an experienced and successful cable operator that is also very involved in the
Burlington region, is taking charge of FibreWired Burlington Hydro Communications customers. We are confident that businesses and public-sector organizations will be in good hands".

"Profitable growth has always been an important objective for Cogeco Cable, and we remain open
to any opportunity that meets our criteria in Canada and elsewhere. In the meantime, we are
committed to giving outstanding service to our customers, creating value for our shareholders and playing an active role in the development of the communities we serve and of the Canadian cable telecommunications industry," continued Mr. Audet.


mediacastermagazine.com - Mediacaster - 5/1/2008