‘No demand’ for gigabit Internet: Audet
telecom | 09/17/2015 8:04 pm EDT
Cogeco Cable Inc. CEO Louis Audet says there is currently "no demand" for Internet services with speeds as quick as one gigabit per second, despite recent forays by BCE Inc. and Quebecor Inc. into this area.
"As I'm sure everyone realizes, there is essentially no demand for that," Audet told a Canadian Imperial Bank of Commerce investors' conference in Montreal Thursday.
He said waiting for demand to materialize before making investments into gigabit Internet amounts to "a much more rational use of capital and, of course in the fullness of time, higher returns."
Audet added that current residential technology does not even allow users to take full advantage of gigabit-speed Internet service, though some technology used for business operations does.
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