Cogeco to Buy Portuguese Cable Company
Catherine McLean writes in The Globe and Mail:
Cogeco Cable Inc. shares slipped as much as 11 per cent on Friday after the Quebec-based cable company announced the acquisition of Portugal's Cabovisao - Televisao por Cabo S.A. for 464.9-million euros, or $660-million Canadian.More here.
Cabovisao is Portugal's second-biggest cable company, with revenue of $129.3-million euros in 2005. It has 264,000 cable TV customers, 130,000 high-speed Internet subscribers, and 217,000 phone clients.
posted by Fergie @ 6/02/2006 08:07:00 AM
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