Cogeco acquires new U.S. company
telecom | 06/08/2015 1:35 pm EDT
Cogeco Cable Inc. announced Monday that its U.S. subsidiary Atlantic Broadband will acquire MetroCast Communications of Connecticut from parent company Harron Communications LP for $200 million US.
MetroCast Connecticut has a network that passes nearly 70,000 homes with TV, Internet and/or phone services, Cogeco said in a news release.
"We have been pleased with the results of our Atlantic Broadband acquisition and we are excited to continue our geographic expansion in the U.S. market,” Cogeco CEO Louis Audet said in the press release. “This transaction enhances our growth profile through the planned launch of new residential services such as TiVo and Metro Ethernet for businesses.”
CORRECTION: A previous version of this story said MetroCast Connecticut serves rather than passes nearly 70,000 homes.
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