In The News

Cogeco Communications Expands U.S. Market Share with MetroCast Buy

  • Source: The Wall Street Journal
  • Date: Mon, 07/10/2017

A Cogeco Communications Inc. unit has reached a deal to buy the MetroCast cable system for $1.4 billion, as the Canadian cable company expands its share of the U.S. market.

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Cogeco unit to buy MetroCast cable systems from Harron Communications for $1.4 billion

  • Source: Market Watch
  • Date: Mon, 07/10/2017

Canada's Cogeco Communications Inc. CCA, -0.94% said Monday its Atlantic Broadband unit has agreed to buy all of the cable systems operating under the MetroCast brand name from Harron Communications LP for $1.4 billion in cash. MetroCast has a network of close to 236,000 homes and businesses in New Hampshire, Maine, Pennsylvania, Maryland and Virginia and serves 120,000 internet, 76,000 video and 37,000 telephony customers. The company is expecting to generate $230 million of revenue in 2017. "With this acquisition, we are increasing our customer base in attractive markets adjacent to the ones we currently serve," Cogeco Chief Executive Louis Audet said in a statement. The deal is expected to close in January of 2018 and will be financed secured debt provided by two banks and an equity investment by Caisse de dépôt et placement du Québec.

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Fire Over Aiken lights up the sky

  • Source: The Aiken Standard
  • Date: Sat, 06/24/2017

The weather Saturday didn't deter residents from attending the forth annual Fire Over Aiken.

The event, presented by Atlantic Broadband, got off to a slow start due to the rainy weather. A few hours after the gates opened, however, people began to trickle in and enjoyed carnival rides, food trucks and a live cover band.

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Atlantic Broadband to offer fiber services at Bay Bridge Cove

  • Source: Bay Times
  • Date: Tue, 06/20/2017

STEVENSVILLE — Atlantic Broadband recently announced its expansion in Queen Anne’s County to include fiber to the home services for residents in the new community of Bay Bridge Cove. Atlantic Broadband will be the exclusive TV, internet and phone provider for this neighborhood and will leverage its extensive fiber network in the Eastern Shore area to deliver FTTH services to residents.

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