MONTRÉAL, Feb. 21,
2023 /CNW/ - Cogeco Connexion announced today
the acquisition of the telecommunications operation of Internet
service provider oxio, which will continue to operate independently
and serve its customers using its brand.
"As we are making the strategic shift to focus exclusively on
the growth of our software business, Cogeco presented itself as the
best home for our Internet customers," said Marc-André Campagna,
Chief Executive Officer and co-founder of oxio. As a Quebec-based company with a human scale and an
entrepreneurial culture, we believe that Cogeco is best-positioned
to enable oxio to reach new heights."
Frédéric Perron, President of Cogeco Connexion, concluded: "Oxio
is an attractive brand with high customer satisfaction and a great
team. Its home Internet offering, based on a digital-only
experience, is an exciting addition to our wide range of
high-quality telecommunications services. With the
acquisition of oxio, Cogeco Connexion will now have a second brand
to serve the telecommunications needs of Canadians."
As part of the transaction, Cogeco Connexion will also license
gaiia, oxio's proprietary software, and use it to serve oxio's
customers.
ABOUT OXIO
Oxio provides fair and sustainably priced
Internet and telecommunications services to residential customers
in Canada, currently serving
customers in Quebec, Ontario and western provinces.
ABOUT COGECO CONNEXION
INC.
Cogeco Connexion regroups the Canadian cable operations of
Cogeco Communications Inc. Cogeco Connexion is the second largest
cable operator in Ontario and
Québec based on the number of Internet service customers served. It
provides its residential and small business customers with
Internet, video and telephony services through its two-way
broadband cable networks. Rooted in the communities it serves,
Cogeco Communications Inc. (TSX: CCA) is a growing competitive
force in the North American telecommunications sector with a legacy
of over 65 years. Through its business units Cogeco Connexion and
Breezeline (formerly Atlantic Broadband), Cogeco Communications
provides broadband services (Internet, television and phone) to 1.6
million residential and business customers in Quebec and Ontario in Canada as well as in thirteen states in
the United States.
SOURCE Cogeco Connexion