Cogeco now has spectrum covering 100% of its
Canadian broadband footprint
MONTRÉAL, Nov. 30,
2023 /CNW/ - Cogeco Communications Inc. (TSX: CCA)
("Cogeco Communications" or the "Company") is pleased to announce
an investment of $190 million to
acquire 99 spectrum licenses in the 3800 MHz band auction. This
investment complements perfectly previously purchased 2500 MHz and
3500 MHz licenses and represents a further step towards adding
mobile wireless services to Cogeco Communications' offering. Cogeco
now has spectrum covering 100% of its Canadian broadband
footprint.
''This 5G ready spectrum investment, obtained at a very
advantageous price of $0.27 per
MHz-POP, enables Cogeco to pursue its plans for mobile wireless
entry in a financially disciplined manner in our markets across
Canada,'' stated Philippe Jetté,
President and CEO of Cogeco Communications. ''We are preparing to
launch mobile operations throughout our Canadian footprint by using
the recent MVNO regime established by the CRTC. It goes without
saying that the latter is contingent on obtaining, through
negotiations or arbitration, satisfactory rates for wholesale
access to the networks of the major players.''
This $190 million investment
includes the acquisition of valuable spectrum in the greater
Toronto, Montréal and Ottawa regions to create favourable economic
conditions to serve our future customers. The remainder of the
investment covers spectrum licenses in several other regions of
Ontario, as well as in several
regions of Quebec.
About Cogeco Communications
Inc.
Rooted in the communities it serves, Cogeco Communications Inc.
is a growing competitive force in the North American
telecommunications sector, serving 1.6 million residential and
business customers. Through its business units Cogeco Connexion and
Breezeline, Cogeco Communications provides Internet, video and
phone services in Canada as well
as in thirteen states in the United
States. Cogeco Communications Inc.'s subordinate voting
shares are listed on the Toronto Stock Exchange (TSX: CCA).
Information:
Youann Blouin
Director, Media Relations & Strategic
Communications
Cogeco Communications Inc.
Tel.: (514) 297-2853
youann.blouin@cogeco.com
SOURCE Cogeco Communications Inc.