Cogeco Communications Announces Q3 2025 Financial Results and Canadian Wireless Launch Français

Cision Canada

7 days ago

Continued strength in Canadian Internet customer growth.
Canadian wireless launch underway, with a first cohort of users already on the service and expansion into 12 Canadian markets over the coming weeks.
Updated fiscal 2025 financial guidelines reflect lower revenue, stable adjusted EBITDA, lower net capital expenditures and higher free cash flow compared to previously issued financial guidelines.
MONTRÉAL, July 15, 2025 /CNW/ - Today, Cogeco Communications Inc. (TSX: CCA) ("Cogeco Communications" or the "Corporation") announced its financial results for the third quarter ended May 31, 2025.
"Our financial results for the third quarter of fiscal 2025 were notable for our strong Canadian Internet subscriber loading, efficiencies-driven margin expansion and significant free cash flow," stated Frédéric Perron, President and CEO. "We are deeply excited to ramp up our wireless customer base in Canada over the coming weeks, adding to our prior launch of a similar service in the U.S. last year. Wireless will become a powerful tool to retain and grow our North American wireline customer base over time.
"We already have a first cohort using the wireless service and are progressively expanding to cover 12 Canadian markets (Alma, Magog, Rimouski, Saint-Georges, Saint-Hyacinthe, Saint-Sauveur and Trois-Rivières in Québec, and Brockville, Chatham, Cobourg, Cornwall and Welland in Ontario) over the coming weeks, in anticipation of a full geographic deployment in the fall season.
"We continued to solidly grow our Canadian Internet customer base for yet another quarter. While we experienced higher-than-usual customer losses in the U.S., this was partially caused by a few temporary factors. We are implementing several go-to-market enhancements as part of our transformation, and are confident that our U.S. customer trends will improve as these initiatives are executed over the coming quarters."
Consolidated financial highlights
Operating results
For the third quarter of fiscal 2025 ended on May 31, 2025:
Revenue decreased by 2.7% to $730.7 million. On a constant currency basis (2), revenue decreased by 4.1%, mainly explained as follows:
American telecommunications' revenue decreased by 3.5%, or 6.6% in constant currency, mainly due to a decline in our subscriber base, especially for entry-level services, and to a higher proportion of customers subscribing to Internet-only services.
Canadian telecommunications' revenue decreased by 1.8%, mainly due to a lower revenue per customer as a result of a decline in video and wireline phone service subscribers as an increasing proportion of customers subscribe to Internet-only services, as well as a competitive pricing environment, partly offset by the cumulative effect of high-speed Internet service additions over the past year.
Adjusted EBITDA decreased by 0.9% to $362.4 million. On a constant currency basis, adjusted EBITDA decreased by 2.4% mainly due to lower revenue in both the American and Canadian telecommunications segments, offset in part by lower operating expenses driven by cost reduction initiatives and operating efficiencies across the Corporation as a result of our ongoing three-year transformation program.
American telecommunications' adjusted EBITDA decreased by 0.5%, or 3.7% in constant currency.
Canadian telecommunications' adjusted EBITDA decreased by 1.5%, or 1.3% in constant currency.
Profit for the period amounted to $73.3 million, of which $69.9 million, or $1.64 per diluted share, was attributable to owners of the Corporation compared to $76.3 million, $70.4 million, and $1.67 per diluted share, respectively, in the comparable period of fiscal 2024. The decreases in profit for the period and profit attributable to owners of the Corporation resulted mainly from higher depreciation and amortization expense, financial expense and income tax expense, as well as lower adjusted EBITDA, partly offset by lower acquisition, integration, restructuring and other costs.
Adjusted profit attributable to owners of the Corporation (3) was $77.2 million, or $1.82 per diluted share (3), compared to $103.6 million, or $2.45 per diluted share, last year.
Net capital expenditures were $125.5 million, a decrease of 25.5% compared to $168.4 million in the same period of the prior year. In constant currency, net capital expenditures (2) were $123.3 million, a decrease of 26.8% compared to last year, mainly due to operational efficiencies, lower spending in the Canadian telecommunications segment, partially due to the timing of certain initiatives, as well as lower spending in the American telecommunications segment, mostly due to lower construction activity.
Net capital expenditures in connection with network expansion projects were $13.3 million ($13.2 million in constant currency) compared to $24.4 million in the same period of the prior year. Excluding network expansion projects, net capital expenditures were $112.2 million, a decrease of 22.1% compared to $144.0 million in the same period of the prior year. In constant currency, net capital expenditures, excluding network expansion projects (2) were $110.1 million, a decrease of 23.5% compared to last year.
Fibre-to-the-home network expansion projects continued, mostly in Canada, with the addition of close to 9,500 homes passed during the third quarter of fiscal 2025.
Capital intensity was 17.2% compared to 22.4% last year. Excluding network expansion projects, capital intensity was 15.4% compared to 19.2% in the same period of the prior year.
Acquisition of property, plant and equipment decreased by 26.4% to $125.9 million, mainly resulting from lower spending.
Free cash flow (1) increased by 63.2%, or 61.5% in constant currency, and amounted to $143.9 million, or $142.4 million in constant currency (2), mainly due to lower net capital expenditures and acquisition, integration, restructuring and other costs, offset in part by higher financial expense, lower adjusted EBITDA and higher current income taxes. Free cash flow, excluding network expansion projects (1) increased by 39.6%, or 38.2% in constant currency, and amounted to $157.2 million, or $155.6 million in constant currency.
Cash flows from operating activities increased by 20.1% to $400.8 million, mostly due to higher cash from other non-cash operating activities, and lower income taxes paid, partly offset by higher interest paid.
At its July 15, 2025 meeting, the Board of Directors of Cogeco Communications declared a quarterly eligible dividend of $0.922 per share, an increase of 8.0% compared to $0.854 per share in the comparable quarter of fiscal 2024.
FISCAL 2025 REVISED FINANCIAL GUIDELINES
Cogeco Communications has revised its fiscal 2025 financial guidelines as issued on October 31, 2024 for revenue, net capital expenditures, capital intensity and free cash flow. Adjusted EBITDA projections remain the same as previously disclosed. The Corporation expects additional pressure on its revenue, particularly in the United States, driven by increased competition. As part of its three-year transformation program, the Corporation has initiated several cost reduction initiatives and operating efficiencies across the organization in order to minimize the revenue impact on adjusted EBITDA. Additionally, net capital expenditures are expected to be lower than under the previous financial guidelines, partially resulting from operational efficiencies following the combination of the Canadian and U.S. management teams.
Consequently, compared to fiscal 2024, on a constant currency and consolidated basis, we are lowering Cogeco Communications' revenue projections for fiscal 2025 to a low single digit decline, while adjusted EBITDA is expected to remain stable. In addition, due to some better-than-anticipated transformation-related cost savings and lower expected net capital expenditures, we are increasing the Corporation's free cash flow financial guidelines, from a decrease compared to fiscal 2024 to a stable free cash flow, while reducing net capital expenditures and capital intensity projections.
(1)
Percentage of changes compared to fiscal 2024.
(2)
Fiscal 2025 financial guidelines are based on a USD/CDN constant exchange rate of 1.3606 USD/CDN.
(3)
The assumed current income tax effective rate is approximately 11.5% (14% under the previous financial guidelines).
These financial guidelines, including the various assumptions underlying them, contain forward-looking statements concerning the business outlook for Cogeco Communications, and should be read in conjunction with the "Forward-looking statements" section of this press release.
Change in
constant
currency
Change in
constant
currency
Three and nine months ended May 31
2025
2024
(1)
Change
(2)
(3)
2025
2024
(1)
Change
(2)
(3)
(In thousands of Canadian dollars, except % and per share data)
$
$
%
%
$
$
%
%
Operations
Revenue
730,679
750,583
(2.7)
(4.1)
2,201,800
2,228,773
(1.2)
(2.8)
Adjusted EBITDA (3)
362,377
365,824
(0.9)
(2.4)
1,084,091
1,071,896
1.1
(0.4)
Adjusted EBITDA margin (3)
49.6 %
48.7 %
49.2 %
48.1 %
Acquisition, integration, restructuring and other costs (4)
9,211
45,669
(79.8)
7,288
49,170
(85.2)
Profit for the period
73,300
76,334
(4.0)
260,097
268,648
(3.2)
Profit for the period attributable to owners of the Corporation
69,895
70,402
(0.7)
245,157
253,576
(3.3)
Adjusted profit attributable to owners of the Corporation (3)(5)
77,186
103,597
(25.5)
248,553
301,377
(17.5)
Cash flow
Cash flows from operating activities
400,789
333,626
20.1
872,866
856,042
2.0
Free cash flow (1)(3)
143,946
88,185
63.2
61.5
409,407
327,832
24.9
23.8
Free cash flow, excluding network expansion projects (1)(3)
157,231
112,618
39.6
38.2
460,064
408,315
12.7
11.8
Acquisition of property, plant and equipment
125,933
171,034
(26.4)
438,547
504,830
(13.1)
Net capital expenditures (3)(6)
125,462
168,384
(25.5)
(26.8)
434,002
485,580
(10.6)
(12.3)
Net capital expenditures, excluding network expansion projects (3)
112,177
143,951
(22.1)
(23.5)
383,345
405,097
(5.4)
(7.4)
Capital intensity (3)
17.2 %
22.4 %
19.7 %
21.8 %
Capital intensity, excluding network expansion projects (3)
15.4 %
19.2 %
17.4 %
18.2 %
Per share data (7)
Earnings per share
Basic
1.66
1.68
(1.2)
5.82
5.91
(1.5)
Diluted
1.64
1.67
(1.8)
5.78
5.89
(1.9)
Adjusted diluted (3)(5)
1.82
2.45
(25.7)
5.86
7.00
(16.3)
Dividends per share
0.922
0.854
8.0
2.766
2.562
8.0
(1)
During the fourth quarter of fiscal 2024, the Corporation updated its calculation of free cash flow and free cash flow, excluding network expansion projects, to include proceeds on disposals of property, plant and equipment, which includes proceeds from sale and leaseback transactions. Proceeds from sale and leaseback and other disposals of property, plant and equipment amounted to $2.2 million and $22.7 million for the three and nine-month periods ended May 31, 2025, respectively ($0.9 million and $2.8 million, respectively, for the same periods of fiscal 2024). Comparative figures were restated to conform to the current presentation. For further details, please refer to the "Non-IFRS Accounting Standards and other financial measures" section of this press release.
(2)
Key performance indicators presented on a constant currency basis are obtained by translating financial results from the current periods denominated in US dollars at the foreign exchange rates of the comparable periods of the prior year. For the three and nine-month periods ended May 31, 2024, the average foreign exchange rates used for translation were 1.3628 USD/CDN and 1.3578 USD/CDN, respectively.
(3)
Adjusted EBITDA and net capital expenditures are total of segments measures. Adjusted EBITDA margin and capital intensity are supplementary financial measures. Adjusted profit attributable to owners of the Corporation, free cash flow, free cash flow, excluding network expansion projects and net capital expenditures, excluding network expansion projects are non-IFRS Accounting Standards measures. Change in constant currency, capital intensity, excluding network expansion projects and adjusted diluted earnings per share are non-IFRS Accounting Standards ratios. These indicated terms do not have standardized definitions prescribed by IFRS Accounting Standards and therefore, may not be comparable to similar measures presented by other companies. For more information on these financial measures, please consult the "Non-IFRS Accounting Standards and other financial measures" section of this press release.
(4)
For the three and nine-month periods ended May 31, 2025, acquisition, integration, restructuring and other costs were mainly related to costs associated with the configuration and customization related to cloud computing and other arrangements, and additional restructuring costs incurred in connection with certain cost optimization initiatives undertaken. In addition, for the nine-month period ended May 31, 2025, acquisition, integration, restructuring and other costs were partly offset by a $13.8 million non-cash gain recognized during the first quarter of fiscal 2025 in connection with a sale and leaseback transaction of a building in Ontario. For the three and nine-month periods ended May 31, 2024, acquisition, integration, restructuring and other costs were mostly related to restructuring costs recognized during the third quarter of fiscal 2024 in connection with the strategic transformation announced in May 2024.
(5)
Excludes the impact of non-cash impairment charges, acquisition, integration, restructuring and other costs, and gains/losses on debt modification and/or extinguishment, all net of tax and non-controlling interest.
(6)
Net capital expenditures exclude non-cash acquisitions of right-of-use assets and the purchases, and related borrowing costs, of spectrum licences, and are presented net of government subsidies, including the utilization of those received in advance.
As at
May 31, 2025
August 31, 2024
(In thousands of Canadian dollars)
$
$
Financial condition
Cash and cash equivalents
244,750
76,335
Total assets
9,866,415
9,675,009
Long-term debt
Current
338,567
361,808
Non-current
4,437,846
4,448,261
Net indebtedness (1)
4,579,854
4,803,629
Equity attributable to owners of the Corporation
3,126,389
2,979,691
(1)
Net indebtedness is a capital management measure. For more information on this financial measure, please consult the "Non-IFRS Accounting Standards and other financial measures" section of the Corporation's MD&A for the three and nine-month periods ended May 31, 2025, available on SEDAR+ at www.sedarplus.ca.
Forward-looking statements
Certain statements contained in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to Cogeco Communications Inc.'s ("Cogeco Communications" or the "Corporation") future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate"; "predict"; "potential"; "continue"; "foresee"; "ensure" or other similar expressions concerning matters that are not historical facts. Particularly, statements relating to the Corporation's financial guidelines, future operating results and economic performance, objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including expected growth, results of operations, purchase price allocation, tax rates, weighted average cost of capital, performance and business prospects and opportunities, which Cogeco Communications believes are reasonable as of the current date. Refer in particular to the "Corporate objectives and strategy" and "Fiscal 2025 financial guidelines" sections of the Corporation's fiscal 2024 annual Management's Discussion and Analysis ("MD&A"), and the "Fiscal 2025 revised financial guidelines" section of the fiscal 2025 third-quarter MD&A for a discussion of certain key economic, market and operational assumptions we have made in preparing forward-looking statements. While management considers these assumptions to be reasonable based on information currently available to the Corporation, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what Cogeco Communications currently expects. These factors include risks such as general market conditions, competitive risks (including changing competitive and technology ecosystems and disruptive competitive strategies adopted by our competitors), business risks, regulatory risks, tax risks, technology risks (including cybersecurity), financial risks (including variations in currency and interest rates), economic conditions (including inflation pressuring revenue, trade tariffs, reduced consumer spending and increasing costs), talent management risks (including the highly competitive market for a limited pool of digitally skilled employees), human-caused and natural threats to the Corporation's network (including increased frequency of extreme weather events with the potential to disrupt operations), infrastructure and systems, sustainability and sustainability reporting risks, ethical behavior risks, ownership risks, litigation risks and public health and safety, many of which are beyond the Corporation's control. For more exhaustive information on these risks and uncertainties, the reader should refer to the "Uncertainties and main risk factors" section of the Corporation's fiscal 2024 annual MD&A and of the fiscal 2025 third-quarter MD&A. These factors are not intended to represent a complete list of the factors that could affect Cogeco Communications and future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information contained in this press release and the forward-looking statements contained in this press release represent Cogeco Communications' expectations as of the date of this press release (or as of the date they are otherwise stated to be made) and are subject to change after such date. While management may elect to do so, the Corporation is under no obligation (and expressly disclaims any such obligation) and does not undertake to update or alter this information at any particular time, whether as a result of new information, future events or otherwise, except as required by law.
All amounts are stated in Canadian dollars unless otherwise indicated. This press release should be read in conjunction with the Corporation's MD&A for the three and nine-month periods ended May 31, 2025, the Corporation's condensed interim consolidated financial statements and the notes thereto for the same periods prepared in accordance with IFRS ® Accounting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards") and the Corporation's fiscal 2024 Annual Report.
Non-IFRS Accounting Standards and other financial measures
This press release includes references to non-IFRS Accounting Standards and other financial measures used by Cogeco Communications. These financial measures are reviewed in assessing the performance of Cogeco Communications and used in the decision-making process with regard to its business units.
Reconciliations between non-IFRS Accounting Standards and other financial measures to the most directly comparable IFRS Accounting Standards measures are provided below. Certain additional disclosures for non-IFRS Accounting Standards and other financial measures used in this press release have been incorporated by reference and can be found in the "Non-IFRS Accounting Standards and other financial measures" section of the Corporation's MD&A for the three and nine-month periods ended May 31, 2025, available on SEDAR+ at www.sedarplus.ca. The following non-IFRS Accounting Standards measures are used as a component of Cogeco Communications' non-IFRS Accounting Standards ratios.
Financial measures presented on a constant currency basis for the three and nine-month periods ended May 31, 2025 are translated at the average foreign exchange rate of the comparable periods of the prior year, which were 1.3628 USD/CDN and 1.3578 USD/CDN, respectively.
Constant currency basis and foreign exchange impact reconciliation
Consolidated
Three months ended May 31
2025
2024
(1)
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
730,679
(11,224)
719,455
750,583
(2.7)
(4.1)
Operating expenses
363,380
(5,932)
357,448
379,521
(4.3)
(5.8)
Management fees – Cogeco Inc.
4,922
—
4,922
5,238
(6.0)
(6.0)
Adjusted EBITDA
362,377
(5,292)
357,085
365,824
(0.9)
(2.4)
Free cash flow (1)
143,946
(1,552)
142,394
88,185
63.2
61.5
Net capital expenditures
125,462
(2,162)
123,300
168,384
(25.5)
(26.8)
(1)
During the fourth quarter of fiscal 2024, the Corporation updated its free cash flow calculation to include proceeds on disposals of property, plant and equipment, which includes proceeds from sale and leaseback transactions. Comparative figures were restated to conform to the current presentation.
Nine months ended May 31
2025
2024
(1)
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
2,201,800
(35,353)
2,166,447
2,228,773
(1.2)
(2.8)
Operating expenses
1,102,944
(18,930)
1,084,014
1,141,163
(3.3)
(5.0)
Management fees – Cogeco Inc.
14,765
—
14,765
15,714
(6.0)
(6.0)
Adjusted EBITDA
1,084,091
(16,423)
1,067,668
1,071,896
1.1
(0.4)
Free cash flow (1)
409,407
(3,516)
405,891
327,832
24.9
23.8
Net capital expenditures
434,002
(8,192)
425,810
485,580
(10.6)
(12.3)
Canadian telecommunications segment
Three months ended May 31
2025
2024
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
374,900
—
374,900
381,877
(1.8)
(1.8)
Operating expenses
176,281
(387)
175,894
180,204
(2.2)
(2.4)
Adjusted EBITDA
198,619
387
199,006
201,673
(1.5)
(1.3)
Net capital expenditures
64,295
(346)
63,949
91,093
(29.4)
(29.8)
Nine months ended May 31
2025
2024
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
1,122,377
—
1,122,377
1,131,804
(0.8)
(0.8)
Operating expenses
531,788
(1,118)
530,670
535,018
(0.6)
(0.8)
Adjusted EBITDA
590,589
1,118
591,707
596,786
(1.0)
(0.9)
Net capital expenditures
212,564
(1,046)
211,518
285,274
(25.5)
(25.9)
American telecommunications segment
Three months ended May 31
2025
2024
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
355,779
(11,224)
344,555
368,706
(3.5)
(6.6)
Operating expenses
178,325
(5,543)
172,782
190,327
(6.3)
(9.2)
Adjusted EBITDA
177,454
(5,681)
171,773
178,379
(0.5)
(3.7)
Net capital expenditures
57,612
(1,812)
55,800
72,782
(20.8)
(23.3)
Nine months ended May 31
2025
2024
Change
(In thousands of Canadian dollars, except percentages)
Actual
Foreign
exchange
impact
In
constant
currency
Actual
Actual
In
constant
currency
$
$
$
$
%
%
Revenue
1,079,423
(35,353)
1,044,070
1,096,969
(1.6)
(4.8)
Operating expenses
545,448
(17,798)
527,650
574,070
(5.0)
(8.1)
Adjusted EBITDA
533,975
(17,555)
516,420
522,899
2.1
(1.2)
Net capital expenditures
211,741
(7,131)
204,610
191,490
10.6
6.9
Adjusted profit attributable to owners of the Corporation
Three months ended May 31
Nine months ended May 31
2025
2024
2025
2024
(In thousands of Canadian dollars)
$
$
$
$
Profit for the period attributable to owners of the Corporation
69,895
70,402
245,157
253,576
Acquisition, integration, restructuring and other costs
9,211
45,669
7,288
49,170
Impairment of property, plant and equipment
1,574
—
1,574
—
Loss on debt extinguishment (1)
—
—
—
16,880
Tax impact for the above items
(2,546)
(12,081)
(4,126)
(17,461)
Non-controlling interest impact for the above items
(948)
(393)
(1,340)
(788)
Adjusted profit attributable to owners of the Corporation
77,186
103,597
248,553
301,377
(1)
Included within financial expense.
Free cash flow and free cash flow, excluding network expansion projects reconciliations
Three months ended May 31
Nine months ended May 31
2025
2024
(1)
2025
2024
(1)
(In thousands of Canadian dollars)
$
$
$
$
Cash flows from operating activities
400,789
333,626
872,866
856,042
Changes in other non-cash operating activities
(103,315)
(76,679)
(4,798)
(21,491)
Income taxes paid (received)
(12,101)
3,918
1,981
(807)
Current income taxes
(11,103)
(3,177)
(35,401)
(19,594)
Interest paid
69,857
62,509
193,523
194,769
Financial expense
(75,861)
(64,308)
(204,353)
(215,765)
Loss on debt extinguishment (2)
—
—
—
16,880
Amortization of deferred transaction costs and discounts on long-term debt (2)
2,608
2,272
6,300
6,953
Net capital expenditures (3)
(125,462)
(168,384)
(434,002)
(485,580)
Proceeds from sale and leaseback and other disposals of property, plant and equipment (1)
2,188
885
22,732
2,784
Repayment of lease liabilities
(3,654)
(2,477)
(9,441)
(6,359)
Free cash flow (1)
143,946
88,185
409,407
327,832
Net capital expenditures in connection with network expansion projects
13,285
24,433
50,657
80,483
Free cash flow, excluding network expansion projects (1)
157,231
112,618
460,064
408,315
Adjusted EBITDA reconciliation
Three months ended May 31
Nine months ended May 31
2025
2024
2025
2024
(In thousands of Canadian dollars)
$
$
$
$
Profit for the period
73,300
76,334
260,097
268,648
Income taxes
20,180
11,199
69,709
47,117
Financial expense
75,861
64,308
204,353
215,765
Impairment of property, plant and equipment
1,574
—
1,574
—
Depreciation and amortization
182,251
168,314
541,070
491,196
Acquisition, integration, restructuring and other costs
9,211
45,669
7,288
49,170
Adjusted EBITDA
362,377
365,824
1,084,091
1,071,896
Net capital expenditures and free cash flow, excluding network expansion projects reconciliations
Net capital expenditures
Free cash flow
(1)
During the fourth quarter of fiscal 2024, the Corporation updated its calculation of free cash flow and free cash flow, excluding network expansion projects, to include proceeds on disposals of property, plant and equipment, which includes proceeds from sale and leaseback transactions. Comparative figures were restated to conform to the current presentation.
(1)
During the fourth quarter of fiscal 2024, the Corporation updated its calculation of free cash flow and free cash flow, excluding network expansion projects, to include proceeds on disposals of property, plant and equipment, which includes proceeds from sale and leaseback transactions. Comparative figures were restated to conform to the current presentation.
Additional information
Additional information relating to the Corporation is available on SEDAR+ at www.sedarplus.ca and on the Corporation's website at corpo.cogeco.com.
About Cogeco Communications Inc.
Cogeco Communications Inc. is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. We also offer wireless services in most of our U.S. operating territory. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future. Cogeco Communications Inc.'s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
For information:
Investors
Troy Crandall
Head, Investor Relations
Cogeco Communications Inc.
Tel.: [phone]
[email protected]
Media
Claudja Joseph
Director, Communications
Cogeco Communications Inc.
Tel.: [phone]
[email protected]