Cogeco Completes Acquisition of Burlington Hydro Communications

[cablewithaview]

Cogeco Cable completed the acquisition of FibreWired Burlington Hydro Communications announced on May 1, 2008.

FibreWired Burlington Hydro Communications was Burlington Hydro Electric Inc.'s telecommunications division (City of Burlington's energy company).

"Following MaXess Networx(R) acquisition, the completion of this acquisition strengthens Cogeco Business Solutions Data services," said Louis Audet, President and Chief Executive Officer of Cogeco Cable. "We are confident FibreWired Burlington Hydro Communications will prove a great added value for Cogeco Cable's customers, shareholders and employees. This acquisition is also perfectly in line with our growth strategy."

FibreWired Burlington Hydro Communications which operates a broadband network equipped with next generation Ethernet technology, provides Burlington organizations with the broadband capacity they need for data networking, high-speed Internet access, hosting services, e-business applications, video conferencing and other advanced communications.

ABOUT COGECO CABLE

Cogeco Cable (Welcome to cogeco.ca - Life's just better with Cable!), a facilities-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 2,390,000 revenue-generating units (RGUs) to 2,625,000 homes passed in its Canadian and Portuguese service territories. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA).


mediacastermagazine.com - Mediacaster - 7/2/2008