Cogeco Welcomes the Québec Government's Commitment to Fast-Tracking Internet Connectivity in the Regions
MONTRÉAL, May 21, 2020 /CNW Telbec/ - Cogeco Communications Inc. (TSX: CCA) is pleased to have earned the Government of Québec's trust for 11 infrastructure projects, as part of the government's new "Connected Regions" program to accelerate access to high-speed Internet in partially served regions. These projects will make it possible for its subsidiary Cogeco Connexion to connect more than 15,500 homes located in 15 regional county municipalities across Québec.
"On the strength of the regional presence we have built over the past 60 years, we are pleased to be working in collaboration with the Government of Québec and many cities and regional county municipalities to expand our network to provide high-speed Internet access to as many residents, families and businesses in these regions as possible," said Philippe Jetté, President and Chief Executive Officer of Cogeco Inc. and Cogeco Communications Inc. "We applaud the Québec government's commitment and proactivity in fast-tracking the deployment of leading-edge connectivity infrastructure in unserved and underserved regions, in partnership with the network builders."
The current crisis we are facing illustrates the crucial importance of high-speed Internet access for all Quebecers, across the province. The robust network that Cogeco has built—and in which the company continues to invest hundreds of millions of dollars every year—is the quiet, invisible force that makes possible many of Quebecers' everyday economic and social activities. Thanks to these ongoing investments in the operation, upgrading and expansion of its network, which serves more than 427 communities across Québec's various regions, Cogeco already offers Internet services at speeds in excess of 120 Mbps throughout the near totality of its network and 1 gigabit speeds across 65% of its footprint.
Cogeco also welcomes the establishment of the coordination table to accelerate the processing of requests for access to telecommunications support structures, which will benefit Cogeco in its projects.
ABOUT COGECO COMMUNICATIONS
Cogeco Communications Inc. is a communications corporation. It is the 8th largest cable operator in North America, operating in Canada under the Cogeco Connexion name in Québec and Ontario, and along the East Coast of the United States under the Atlantic Broadband brand (in 11 states from Maine to Florida). The Corporation provides residential and business customers with Internet, video and telephony services through its two-way broadband fibre networks. Cogeco Communications Inc.'s subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CCA).
SOURCE Cogeco Communications Inc.