Cogeco Cable Reacts to CRTC's Decision on the Bell/Astral Deal
MONTREAL, QUEBEC -- (Marketwired) -- 06/27/13 -- Cogeco Cable Inc.
(TSX:CCA) ("Cogeco") today responded with mixed disappointment to the
CRTC's decision to approve the application by Astral Media Inc.
("Astral") for authority to transfer its effective control, and
control of its licensed broadcasting subsidiaries, to BCE Inc.
("BCE") and to complete related corporate reorganizations.
"While disappointed, we accept and respect the decision," said Louis
Audet, President & CEO of Cogeco Cable Inc. "We view positively that
a number of new safeguards have been introduced along with this
decision. We are confident that if all the safeguards are actively
implemented and strictly enforced in a timely manner and with tight
supervision, the interests of Canadian consumers could be effectively
protected and the Canadian broadcasting market could remain workably
competitive," concluded Mr. Audet.
ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca) is a telecommunications corporation and
is the11th largest hybrid fibre coaxial cable operator in North
America operating in Canada under the Cogeco Cable brand name in
Quebec and Ontario, and in the United States through its subsidiary
Atlantic Broadband in Western Pennsylvania, South Florida, Maryland,
Delaware and South Carolina. Its two-way broadband cable networks
provide to its residential and small business customers Analogue and
Digital Television, High Speed Internet ("HSI") and Telephony
services. Through its subsidiaries Cogeco Data Services and PEER 1
Hosting, Cogeco Cable provides its commercial customers a suite of IT
hosting, information and communications technology services (Data
Centre, Co-location, Managed Hosting, Cloud Infrastructure and
Connectivity), with 23 data centres, extensive fibre networks in
Montreal and Toronto as well as points-of-presence in North America
and Europe. Cogeco Cable's subordinate voting shares are listed on
the Toronto Stock Exchange (TSX:CCA). For more information about
Cogeco Cable and its subsidiaries visit cogeco.ca, cogecodata.com,
peer1.com and peer1hosting.co.uk.
Vice President, Public Affairs & Communications
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