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Cogeco Communications Inc T.CCA

Alternate Symbol(s):  CGEAF

Cogeco Communications Inc. is a telecommunications company, which operates through its business units Cogeco Connexion and Breezeline. It provides Internet, video and wireline phone services in Canada, and in 13 states in the United States (U.S.) 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. It operates in two segments: Canadian telecommunications and American telecommunications. The Canadian telecommunications activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario. The American telecommunications activities are carried out by Breezeline in states: Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New York, Ohio, Pennsylvania, South Carolina, Virginia and West Virginia. The segments provide a range of Internet, video and phone services primarily to residential customers and business services across their coverage areas.


TSX:CCA - Post by User

Post by autofocus111on Apr 14, 2021 1:52am
240 Views
Post# 32990870

Earnings are out

Earnings are out
Looks pretty good.

>>>
Revenue increased by 8.2% (9.8% in constant currency(1)) compared to the same period of the prior year to reach $634.5 million;
 
Adjusted EBITDA(1) reached $307.0 million, an increase of 10.7% (12.2% in constant currency);
 
Free cash flow(1) reached $142.8 million, an increase of 14.2% (14.6% in constant currency);
 
Cogeco Communications announced the acceleration of high-speed Internet network expansion in Qubec in collaboration with the provincial and federal governments;
 
Cogeco Communications completed the acquisition of DERYtelecom, the third largest cable provider in the province of Qubec; and
 
A quarterly eligible dividend of $0.64 was declared.


https://www.newswire.ca/news-releases/cogeco-communications-releases-its-financial-results-for-the-second-quarter-of-fiscal-2021-880972292.html
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