Cogeco Cable’s fiscal Q2 net RGU additions down 17% y-o-y

12 Apr 2011

Canada’s Cogeco Cable added a net 57,000 revenue generating units (RGUs) to its TV, internet and telephony customer base in its fiscal second quarter ended 28 February 2011. However, the growth figure, spread across its Canadian and Portuguese (Cabovisao) operations, was down by 17% from the 69,000 added in the same quarter a year earlier. Nonetheless, Cogeco expects to achieve its forecast RGU growth rate of 275,000 net RGU additions in the full fiscal year. The triple-play provider posted quarterly net profit of CAD31.2 million (USD32.6 million), up from CAD29.8 million a year ago, on revenues of CAD337 million (CAD320 million).

Canada, Cogeco Connexion