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Money Cogeco CEO sees possible entry into wireless

22:06  12 july  2018
22:06  12 july  2018 Source:   msn.com

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Cogeco Inc. chief executive officer Louis Audet says he admires recent moves by fellow cable operator Shaw Communications Inc. to gain a toehold in the wireless business, but sees no pressing need for his own company to have a mobile offering. The long-time CEO said the

With two recent purchases of spectrum, cable and internet provider Cogeco Communications Inc. is signalling wireless ambitions. Louis Audet to resign as Cogeco CEO , will stay on as chairman. Rogers lays off one-third of its digital and publishing employees.

a man wearing a suit and tie smiling at the camera© Provided by thecanadianpress.com The CEO of Cogeco Communications says it's cautiously considering a move into the wireless business within its own cable and internet territories in parts of Ontario and Quebec.

Cogeco chief executive Louis Audet says the Montreal-based company has avoided investments in wireless because of the high cost and risk of failure for new entrants.

But Audet says the regulatory environment now seems more favourable for new competitors because the government has been echoing public frustration with Canada's relatively high wireless prices.

He adds that Cogeco also has a new technology bargaining chip because it has an extensive fibre network that it could use to bring faster, more sophisticated fifth-generation wireless services to its territory.

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Cogeco Security GO with unlimited installations for computers, tablets and wireless devices is available at a regular price of .99/month. See details.

Cogeco Security GO with unlimited installations for computers, tablets and wireless devices is available at a regular price of .99/month. See details. Wi-Fi hotspots provide free and unlimited Internet access to Cogeco subscribers and limited access to non- Cogeco subscribers.

Cogeco's Canadian landline network serves southern parts of Ontario and Quebec, in competition with Bell Canada in both provinces and in competition with Telus in parts of Quebec.

Audet made his remarks during a conference call to discuss third-quarter results from Cogeco Communications and its parent Cogeco Inc., which are both publicly traded companies controlled by the Audet family.

Cogeco Inc., which gets most of its revenue from Cogeco Communications but also owns a Quebec-focused media business, reported just under $25 million or $1.53 per share of net income attributable to shareholders in its most recent quarter.

That was down 16.9 per cent from $30 million or $1.81 per share in the year-earlier fiscal third quarter.

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What do I do if I see my wireless network name (SSID), but I can’t connect to it? Can I use a third-party wireless router with a Cogeco Wireless Modem? How do I change the wireless channel on my wireless modem?

Click Apply to enter the console. Choose Basic Setup. Enter the Wireless Network Name (SSID) of your choice. E.g.: For the address 234, Park Street, the civic number is 234. Postal Code. Are you a current Cogeco Customer?

Cogeco Communications Inc., which also operates a cable and internet business in the United States through Atlantic Broadband and the Peer 1 data centre business in several countries, had $61.3 million or $1.24 per share of net income.

That was down about 20 per cent from the year-earlier quarter.

Cogeco Inc.'s overall revenue was up 11.6 per cent from last year at $668.9 million, including $637. 1 million from its main subsidiary.

Companies in this story: (TSX:CCA, TSX:CGO, TSX:BCE, TSX:RCI.B, TSX:T)

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