In The News

Cogeco’s Atlantic Unit Completes USD1.4bn MetroCast Takeover

  • Source: TeleGeography
  • Date: Mon, 01/08/2018

Canadian cable operator Cogeco Communications has announced that its subsidiary Atlantic Broadband has completed the USD1.4 billion acquisition of cable systems owned by Harron Communications, and operated under the MetroCast brand name. As part of the transaction, Caisse de Depot et Placement du Quebec (CDPQ) paid USD315 million for a 21% interest in Atlantic Broadband’s holding company.

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Caisse Backs Cogeco’s Close of $1.4 bln MetroCast Acquisition

  • Source: ACQ5
  • Date: Fri, 01/05/2018

An affiliate of Cogeco Communications Inc, a Canadian telecommunications and media company, has closed its buy of cable systems owned by Harron Communications LP, which operates under the MetroCast brand name. The previously announced deal is valued at about $1.4 billion. It will support the growth of the Cogeco affiliate, Atlantic Broadband, across 11 states on the U.S. East Coast. Caisse de dépôt et placement du Québec invested $315 million in the acquisition, giving the pension fund a 21 percent interest in Atlantic Broadband’s holding company.

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Cogeco Communications Inc. Announces the Completion of Atlantic Broadband's Acquisition of all of the MetroCast Cable Systems

  • Source: Telecom Breifings
  • Date: Fri, 01/05/2018

Cogeco Communications Inc. (TSX: CCA) announced today that its subsidiary Atlantic Broadband has completed the acquisition of cable systems owned by Harron Communications, L.P. and operating under the MetroCast brand name (“MetroCast”).

Atlantic Broadband raised US$1.85 billion of secured debt through a combination of term loan B and revolving credit facility financings as well as US$315 million of equity through an investment by Caisse de dépôt et placement du Québec (“CDPQ”) for a 21% interest in Atlantic Broadband’s holding company. These proceeds were used to finance the US$1.4 billion purchase price and to refinance Atlantic Broadband’s existing debt.

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Cogeco Raises USD 1.85 bln to Finance MetroCast Cable Ops

  • Source: Telecom Paper
  • Date: Fri, 01/05/2018

Cogeco Communications said that its Atlantic Broadband unit has completed the acquisition of the cable systems owned by Harron Communications, operating under the MetroCast brand name. To finance the USD 1.4 billion purchase and refinance debt, Atlantic Broadband raised USD 1.85 billion worth of secured debt through a combination of term loan B and revolving credit facility financing.

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MetroCast Acquired By Atlantic Broadband

  • Source: Fosters.com
  • Date: Fri, 01/05/2018

ROCHESTER — Atlantic Broadband, the ninth largest cable operator in the U.S., announced Thursday it acquired all of MetroCast’s cable systems including the one in New Hampshire.

At this time, Atlantic Broadband will continue to operate under the MetroCast name and customers do not have to take any action. Atlantic Broadband will roll out a suite of products and services in the late spring, so customers can expect to see new capabilities such as its award-winning TiVo service with Netflix access and increased internet speeds.

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MetroCast Now Part of Atlantic Broadband

  • Source: The Laconia Sun
  • Date: Fri, 01/05/2018

MONTREAL, Québec and QUINCY, Mass. — Atlantic Broadband, the 9th largest cable operator in the U.S., has acquired all of MetroCast’s cable systems including the one in New Hampshire in a $1.4 billion deal.
Atlantic Broadband will continue to operate under the MetroCast name and customers do not have to take any action. Atlantic Broadband will roll out a suite of products and services in the late spring, so customers can expect to see new capabilities such as its TiVo service with Netflix access and increased internet speeds.

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Atlantic Broadband Closes Deal With MetroCast for $1.4B

  • Source: Light Reading
  • Date: Thu, 01/04/2018

MONTREAL -- Cogeco Communications Inc. (TSX: CCA) announced today that its subsidiary Atlantic Broadband has completed the acquisition of cable systems owned by Harron Communications, L.P. and operating under the MetroCast brand name (“MetroCast”).

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Atlantic Broadband Closes MetroCast Purchase

  • Source: MultiChannel News
  • Date: Thu, 01/04/2018

Canadian cable operator Cogeco Communications said its U.S. subsidiary Atlantic Broadband has completed the $1.4 billion purchase of MetroCast Cable systems in five states.

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Atlantic Broadband Completes MetroCast

  • Source: Broadband Tech Report
  • Date: Thu, 01/04/2018

Cogeco Communications (TSX:CCA) subsidiary Atlantic Broadband has completed the acquisition of MetroCast cable systems owned by Harron Communications. The $1.4 billion deal was first announced last July.

With the completion of the transaction, Atlantic Broadband will expand its operations across 11 states on the U.S. East Coast. On a pro forma basis, the combined company will have 1,250 employees and is expected to generate more than $710 million in combined revenue.

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Cogeco Closes on $1.4B MetroCast Purchase

  • Source: Fierce Cable
  • Date: Thu, 01/04/2018

Montreal-based Cogeco Communications announced today that it has closed on the $1.4 billion purchase of the remaining MetroCast assets in New Hampshire, Maine, Pennsylvania, Maryland and Virginia.

The purchase was made through Cogeco’s U.S. subsidiary, Atlantic Broadband. The deal makes Atlantic the ninth largest U.S. cable operator, with more than 450,000 customers and 850,000 residential passings spanning from Maine to Florida. Atlantic Broadband employs more than 1,250 workers and has over $710 million in combined annual revenue.

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