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Bullboard - Stock Discussion Forum 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... see more

TSX:CCA - Post Discussion

Cogeco Communications Inc > Cogeco Acquires 38 Licences
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Post by Betteryear2 on Jul 29, 2021 5:41pm

Cogeco Acquires 38 Licences

Cogeco now has wireless spectrum in regions home to 3.6 million Canadians

MONTRAL, July 29, 2021 /CNW Telbec/ - Cogeco Communications Inc. (TSX: CCA) ("Cogeco Communications" or the "Corporation") is pleased to announce that it will invest $295 million to acquire 38 spectrum licences secured in the 3500 MHz band auction. This investment is another step toward Cogeco Communications offering mobile wireless services.

"These spectrum investments, together with the recent CRTC regulatory decision on wireless services and our robust and growing regional broadband network, position Cogeco to further develop plans to enter the mobile wireless services market in a financially disciplined way in all of our core markets in Canada," said Philippe Jett, President and Chief Executive Officer of Cogeco Communications. "We remain deeply interested in offering more choice to consumers for their mobile services. As we prepare our next steps, the implementation of reasonable terms and conditions by the CRTC under the new regulatory framework for wireless services, as well as securing satisfactory wholesale rates for access to incumbent wireless networks, will be critical.''

The $295 million Cogeco Communications will be investing includes $205 million to acquire 30 MHz of spectrum in the Greater Toronto area, a region which represents approximately 33% of the Corporation's wireline broadband footprint in Ontario. The balance of the investment will cover spectrum in several other Ontario regions, as well as the region of Trois-Rivires in Qubec.

With these new spectrum holdings and previously acquired licences, Cogeco Communications now has spectrum that covers 91% of its Canadian broadband footprint, representing a population of 3.6 million Canadians, many of whom live in rural and underserved areas.

Comment by autofocus111 on Aug 14, 2021 11:39am
Per the recent FP article on the CRTC decision (posted earlier on this board) , CCA will to actually have to set up physical wireless infrastructure to apply for MVNO status. So spectrum is a baby step. They will have to build out a physical wireless network in a region. Lots of capex and time ahead to get to that stage. >>>Analysts have pointed out the language surrounding the CRTC’s ...more  
Comment by emiltech on Aug 17, 2021 1:38pm
Not that difficult or complex to build a wireless network: you install a tower, you put some routers on them and link it to your servers and that is it, you are in business. Probably a lot of “flafla” from the incumbents. Spectrum is the necessary entry point in this ball game.
Comment by autofocus111 on Sep 06, 2021 12:08pm
emiltech "Not that difficult or complex to build a wireless network" But it takes alot of time and money, and when it's up and running you have to face off in the market against powerful incumbents. Why hasn't CCA been slowly building up such a network? Have they simply been waiting for the CRTC to issue the new rules on MVNO, hoping that owning/operating a physical network would ...more  
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