Cogeco may partner with cellphone firm
Copyright 2003 Toronto Star Newspapers, Ltd.
The Toronto Star
December 5, 2003 Friday Ontario Edition
Cogeco Cable Inc. may soon announce a cellphone partner with whom the company can bundle its services to compete against BCE Inc. and its Bell ExpressVu satellite TV service, the cable company's CEO said yesterday.
"People would like us to resell their wireless services as part of our bundles and indeed we're considering a number of options right now," Louis Audet said before Cogeco's annual meeting.
"We haven't come to a final determination on this issue yet. I would expect that we would come to a resolution in the next month or so."
Cogeco would add the wireless service to its cable, digital cable, high-speed Internet and video-on-demand offerings and compete with Bell Canada's offer to bundle similar services.
But Audet said the Montreal-based company continues to grow even without offering wireless phone service and there's "no particular urge to do anything quickly."
Audet said his company has been in talks with all of the country's wireless providers, including Rogers Wireless, a subsidiary of Rogers Communications Inc., which owns 18 percent of Cogeco. Cogeco lost more than 6,500 cable customers in its fourth quarter ended Aug. 31, although its profit jumped by 73 percent to $4.3 million on growth in digital cable and high-speed Internet services.