TeleGeography Logo

Cogeco’s nine-month revenues up 28.2%

15 Jul 2013

Canadian cableco Cogeco has posted fiscal 2013 third-quarter revenue of CAD464.5 million (USD446.7 million), an increase of 45.3% year-on-year, while nine-month turnover to the end of May was up 28.2% to CAD1.2 billion, driven by acquisitions made in the US and Canada during the fiscal year (ending August 2013) plus rate increases in June/July 2012 in the Canadian cable services segment. Having offloaded its Portuguese cable subsidiary Cabovisao in February 2012, it acquired US cableco Atlantic Broadband in July 2012 and Vancouver-based data centre operator PEER 1 in December 2012. Group fiscal 2013 third-quarter operating income before depreciation and amortisation (OIBDA) increased by 40.9% to CAD215.1 million, and by 30.3%, to reach CAD558.0 million in the nine-month period, Cogeco reported. In Canadian cable services, Cogeco’s basic TV customers are on the slide, totaling 845,000 at the end of May, down by 20,000 in a year, although Canadian high speed cable internet subscribers rose by 21,000 to 650,000 in the same period.

Canada, Cogeco Connexion

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.