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Cogeco picks up Portugal MSO

Fri, 06/02/2006 - 7:42am
Jeff Baumgartner, CED

The second-largest MSO in Canada has secured a deal to buy the second-largest MSO in Portugal.

Cogeco Cable Inc. of Canada on Friday announced it would purchase Cabovisao-Televisao por Cabo S.A. in a deal valued at $600.7 million.

The price includes the purchase of senior debt and reimbursement of "certain other liabilities" of Cabovisao. The final purchase price will be determined after the completion of a post-closing working capital adjustment, the companies said.

Cabovisao, a subsidiary of Cable Satisfaction International Inc. (CSII), operates a two-way 750 MHz, DOCSIS 1.1 network that passes 820,000 homes, with 264,000 analog video customers, 130,000 high-speed data subs, and 217,000 phone customers.

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