Cogeco Inc. says it's eyeing the launch of mobile service in Canada after beginning to offer wireless coverage to customers in the U.S. last quarter under its Breezeline Mobile brand.
Cogeco Inc. says it's eyeing the launch of mobile service in Canada after beginning to offer wireless coverage to customers in the U.S. last quarter under its Breezeline Mobile brand.
“It's minimum investment and really the business case is on increasing customer retention on our wireline business and increasing new customer attraction from segments of customers that are shopping for a bundled offer that we could not attract before,” he said. In the U.S., Perron said Breezeline is also operating as an MVNO in the majority of the 13 states where it already offered broadband internet services.
Chief financial officer Patrice Ouimet said the rollout south of the border is still limited, noting he doesn’t expect those services to generate “meaningful” revenue next year or contribute to Cogeco’s profitability. But he added Cogeco’s costs to offer the service are also low. The firm's cable and internet subsidiary, Cogeco Communications Inc., reported profit attributable to shareholders of $70.4 million, down from $95.9 million a year earlier. Revenue for Cogeco Communications was $750.6 million, up from $741.8 million.
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