COGECO CABLE ACQUIRES FIBREWIRED BURLINGTON HYDRO COMMUNICATIONS IN BURLINGTON, ONTARIO
For immediate release
Cogeco Cable acquires FibreWired Burlington Hydro Communications
in Burlington, Ontario
Montréal, May 1, 2008 — Cogeco Cable (TSX: CCA), the second largest cable operator in both
Ontario, Québec and Portugal based on the number of Basic Cable service customers served,
announced today it has reached a definitive agreement to acquire all the assets of FibreWired
Burlington Hydro Communications, Burlington Hydro Electric Inc.'s telecommunications division
(City of Burlington’s energy company).
FibreWired Burlington Hydro Communications, which operates a broadband network equipped with
next generation Ethernet technology, provides Burlington organizations with the broadband capacity
they need for data networking, high-speed Internet access, hosting services, e-business
applications, video conferencing and other advanced communications. Cogeco Cable will use this
network to expand its commercial broadband service offering in the area, which is in Cogeco
Cable’s footprint. FibreWired Burlington Hydro Communications customers will also be able to
benefit from Cogeco Cable’s suite of business products and access to Cogeco Cable’s extensive
fibre network spanning Ontario and Quebec.
“This acquisition, which follows the acquisition of MaXess Networx® in the Windsor area, is another
step in the enrichment of the Cogeco Business Solutions Data offering”, said Louis Audet, President
and CEO of Cogeco Cable. “FiberWired Burlington Hydro Communications is a great growth
opportunity that is in line with our strategy and meets our stringent criteria. We are confident it will
prove a great added value for Cogeco Cable’s customers, shareholders and employees.”
“The sale of our FibreWired assets provides excellent value to our shareholder, the City of
Burlington.” David Collie, Burlington Hydro’s President and CEO explained. We are pleased that
Cogeco Cable, an experienced and successful cable operator that is also very involved in the
Burlington region, is taking charge of FibreWired Burlington Hydro Communications customers. We
are confident that businesses and public-sector organizations will be in good hands”.
“Profitable growth has always been an important objective for Cogeco Cable, and we remain open
to any opportunity that meets our criteria in Canada and elsewhere. In the meantime, we are
committed to giving outstanding service to our customers, creating value for our shareholders and
playing an active role in the development of the communities we serve and of the Canadian cable
telecommunications industry,” continued Mr. Audet.
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ABOUT COGECO CABLE
Cogeco Cable (www.cogeco.ca), a telecommunications company offering a diverse range of
services to its customers in Canada and in Portugal, is the second largest cable operator in Ontario,
Québec and Portugal, in terms of the number of Basic Cable service customers served. Through its
two-way broadband cable networks, Cogeco Cable provides its residential and commercial
customers with Analogue and Digital Television, High Speed Internet, Telephony and Data services.
The Corporation provides approximately 2,625,000 revenue-generating units (RGUs) to 2,390,000
homes passed in its Canadian and Portuguese service territories. Cogeco Cable’s subordinate
voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
ABOUT BURLINGTON HYDRO ELECTRIC INC.
Burlington Hydro Electric Inc., established in 1945 as the Burlington Public Utilities Commission, is
an energy services based company in the power distribution business. The company serves over
62,000 residential and business customers in the City of Burlington. Burlington Hydro Electric Inc. is
committed to engineering and service delivery excellence. It is an incorporated entity, owned by its
sole shareholder, the City of Burlington. Visit Burlington Hydro on the web at
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Information: Marie Carrier
Director, Corporate Communications
Tel.: (514) 874-2600
President and CEO
Burlington Hydro Electric Inc.
Tel.: (905) 332-2264