Home › Atlantic Broadband buys MetroCast cable ops for USD 1.4 bln
 

Keywords :   


Atlantic Broadband buys MetroCast cable ops for USD 1.4 bln

2017-07-10 16:37:00| Telecompaper Headlines

(Telecompaper) Cogeco Communications said that its Atlantic Broadband unit has agreed to buy all of MetroCast's brand name cable systems from Harron Communications for USD 1.4 billion. Cogeco said the deal will help the company expand in North America and further into the US cable market. Under the agreement, the Caisse de depot et placement du Quebec will invest USD 315 million for a 21 percent stake in Atlantic Broadband's holding company. The rest of the purchase price will be financed by secured debt financing from two banks.

Tags: usd cable atlantic broadband

Category:Telecommunications

Latest from this category

All news
»
15.05Exploring the future of agriculture
15.05American, Mexican, and Canadian cattle producers sign joint statement
15.05Attitudes EWG Verified Skincare Line Oceanly Expands with SPF Offerings
15.05Sherwin-Williams Packaging Coatings Expands Non-BPA Coatings Production in Europe
15.05Voesh Unveils Body Refining Roller Crme Ahead of Summer 2024
15.05KANSAI HELIOS Completes Acquisition of WEILBURGER Coatings
15.05TSCRA Disaster Relief Fund distributes $900,000 in financial assistance
15.05Portugal\'s Etifam adds Screen Truepress Label 350UV SAI-E
More »