MONTRÉAL, Feb. 5, 2024
/CNW/ - Cogeco Communications Inc. (TSX: CCA) announced today
that Cogeco Connexion is acquiring Niagara Regional Broadband
Network (NRBN), an Internet, telephone and television service
provider serving the Niagara Region. The sellers, the City of Niagara Falls and the Town of Niagara-on-the-Lake, will both remain
minority shareholders in the company. This acquisition will
strengthen Cogeco's presence in the Niagara Region and allow Cogeco
to support the continued growth of NRBN.
"We are delighted to welcome NRBN to the Cogeco family," said
Philippe Jetté, President and Chief Executive Officer of Cogeco
Inc. and Cogeco Communications Inc. "Bolstered by the core values
that we share, we look forward to enhancing and expanding the
services we offer to businesses and residents of the Niagara Region
and to assisting NRBN take their business to the next level and
contribute even more to the local economy."
"We have a strong commitment to the Niagara community through
our fibre-powered network investments, hiring locally, providing
local programming on YourTV, and supporting local charities and
community events. We are proud to continue our mission with NRBN to
connect residents, businesses, and institutions to high-speed
Internet that is locally served," said Frédéric Perron, President
of Cogeco Connexion.
"Having the best fast, reliable Internet service in Niagara is
critical to our Region's success. We wanted to ensure that this
move will maximize the network NRBN created to benefit the
residents of Niagara. This is a long-term move that will position
Niagara at the leading edge of high quality Internet services with
Cogeco in a technologically advancing market," mentioned
Jim Diodati, Mayor of Niagara Falls and Board Chair of NRBN.
About Niagara Regional Broadband
Network
Niagara Regional Broadband Network Limited (NRBN) is Niagara's
premier choice for data communications services. NRBN operates the
most extensive and advanced fibre network in the Niagara Region.
Offering a fully-redundant and physically-diverse IP Backbone, NRBN
is the perfect choice for disaster-recovery and business-continuity
planning.
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 Inc. 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.