- Strategic partnerships to facilitate the development of
wireless services under a capital-light operating model
- A national wireless network operator to provide access to its
Canadian wireless network, and Eastlink to supply wireless
technology platforms
- Important milestone in Cogeco's plan to offer wireless services
to more than 4.2 million Canadians residing within its cable
footprint in Ontario and
Quebec
MONTRÉAL, Aug. 19,
2024 /CNW/ - Cogeco Inc. (TSX: CGO) and Cogeco
Communications Inc. (TSX: CCA) (collectively "Cogeco" or the
"Corporation") announced today strategic partnerships with a
national wireless network operator and Eastlink to facilitate
the development of Cogeco's wireless service in Canada and further enable the
Corporation to provide additional options and services to its
customers.
"Today's partnerships represent a huge milestone in our wireless
journey," said Frédéric Perron, President and Chief Executive
Officer of Cogeco. "We are thrilled to have secured agreements with
both a national wireless network operator and Eastlink and are
looking forward to bringing even more competitive solutions to
Canadians. These commercial agreements will enable us to offer a
broader range of bundled offers to better serve our customers,
and do so in a capital-efficient manner. Our relentless efforts to
provide a fast and reliable wireless service for our customers
have culminated in this lean and innovative partnership model."
The Corporation has signed a five-year MVNO (mobile virtual
network operator) agreement with a national wireless network
operator giving Cogeco access to its wireless network. In
addition, Cogeco has entered into a separate agreement with
Eastlink, also for the next five years, for the delivery of the
Corporation's wireless technology platforms, including business
support systems, core network, and operations systems. Cogeco
remains independent from these partners and will retain all
wireless client relationships including sales, marketing,
and customer service activities. Cogeco will now be able to
offer the full set of telecommunication services to its customers,
in the markets where it already operates a wireline network.
The Corporation will provide further details and expected
rollout timelines at a later date.
About Cogeco Inc. and Cogeco
Communications Inc.
Rooted in the communities it serves, Cogeco Inc. is a growing
competitive force in the North American telecommunications and
media sectors, serving 1.6 million residential and business
subscribers. Its Cogeco Communications Inc. subsidiary provides
Internet, video and wireline phone services in Canada, and in thirteen states in the United States under the Cogeco Connexion,
oxio and Breezeline brand names. Breezeline also offers wireless
services in most of the U.S. states in which it operates. Through
Cogeco Media, it owns and operates 21 radio stations primarily in
the province of Québec as well as a news agency. Cogeco's
subordinate voting shares are listed on the Toronto Stock Exchange
(TSX: CGO). The subordinate voting shares of Cogeco Communications
Inc. are also listed on the Toronto Stock Exchange (TSX: CCA).
MEDIA:
Youann Blouin
Director, Media Relations & Strategic Communications
Cogeco Communications Inc.
Tel.: 514 297-2853
youann.blouin@cogeco.com
SOURCE Cogeco Inc.
