Co­geco Com­mu­ni­ca­tions to pass up 2019 spec­trum auc­tion

Stockwatch Daily - - CONSUMER SERVICES & CURRENT EVENTS - Mr. Luc Noiseux re­ports

CO­GECO COM­MU­NI­CA­TIONS Inc. has elected not to par­tic­i­pate in the auc­tion process for li­cences in the 600mega­hertz spec­trum band that will take place in 2019. The struc­ture of the auc­tion based on large ge­o­graphic ar­eas makes the ac­qui­si­tion of such spec­trum un­eco­nom­i­cal for the com­pany. This de­ci­sion is con­sis­tent with the com­pany’s con­tin­ued com­mit­ment to pur­sue op­por­tu­ni­ties to en­ter the wire­less mar­ket in a dis­ci­plined and thought­ful man­ner.

“We con­tinue to ac­tively and strate­gi­cally pur­sue op­por­tu­ni­ties to en­ter the wire­less mar­ket in or­der to of­fer a com­ple­men­tary ser­vice to our cus­tomers and ex­pand our busi ness,” stat ed Luc Noiseux, Se­nior Vice Pres­i­dent Strat­egy and Chief Tech­nol­ogy Of­fi­cer (CTO) at Co­geco Com­mu­ni­ca­tions. “Fol­low­ing the ac­qui­si­tion of spec­trum li­censes ear­lier this year, we are com­mit­ted to con­tinue ex­plor­ing var­i­ous busi­ness mod­els in or­der to launch a prof­itable wire­less ser­vice.”

The com­pany also be­lieves that the reg­u­la­tory en­vi­ron­ment should cre­ate con­di­tions where new en­trants such as Co­geco can com­pete suc­cess­fully, and it sup­ports the pro­cesses and con­sul­ta­tions ini­ti­ated by the fed­eral gov­ern­ment and reg­u­la­tory agen­cies.

ABOUT CO­GECO COM­MU­NI­CA­TIONS INC.

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 Que­bec and On­tario, and in the United States un­der the At­lantic Broad­band name in 11 states along the East Coast, from Maine to Flor­ida. Co­geco Com­mu­ni­ca­tions Inc. pro­vides its res­i­den­tial and busi­ness cus­tomers with In­ter­net, video and tele­phony ser­vices through its two-way broad­band fi­bre net­works. Through its sub­sidiary Co­geco Peer 1, Co­geco Com­mu­ni­ca­tions Inc. pro­vides its busi­ness cus­tomers with a suite of in­for­ma­tion tech­nol­ogy ser­vices (colo­ca­tion, net­work con­nec­tiv­ity, host­ing, cloud and man­aged ser­vices), by way of its 16 data cen­tres, ex­ten­sive FastFiber Net­work­trade­mark and more than 50 points of pres­ence in North Amer­ica and Europe.

Louis V Audet, Pa­tri­cia Cu­radeau-Grou, Joanne Shari Fer­st­man, Lib Gib­son, David Ly­man McAus­land, Jan E Peeters, Ca­role J Salomon

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