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Rogers snaps up Cable Atlantic

Mon, 09/18/2000 - 8:00pm
Karen Kessler

Rogers has bought Cable Atlantic for $232 million, getting 75,000 subs in the deal. Rogers scrapped its plan to take over Groupe Videotron, Quebec's largest cable operator, and walked away with a $241 million penalty fee from the Montreal company.

The acquisition brings the Canadian MSO's sub base to more than 2.3 million.

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