Parties
Company
Cogeco Communications Inc.
Company
Energy Services Niagara Inc.
On February 5, 2024, Cogeco Communications Inc. (TSX: CCA) announced that Cogeco Connexion acquired Niagara Regional Broadband Network (NRBN), an internet, telephone, and television service provider in the Niagara Region. The City of Niagara Falls and the Town of Niagara-on-the-Lake, the sellers, will retain minority shares in NRBN. The acquisition, which aims to bolster Cogeco’s presence in the region, is set to support the growth of NRBN.
Philippe Jetté, President and CEO of Cogeco Inc. and Cogeco Communications Inc., expressed enthusiasm for the acquisition, highlighting shared values and the potential to enhance services for businesses and residents. Frédéric Perron, President of Cogeco Connexion, emphasized Cogeco's commitment to the Niagara community through local investments and programming, and the support of local charities and events.
Jim Diodati, Mayor of Niagara Falls and Board Chair of NRBN, noted the importance of reliable internet service for the region’s success and praised the acquisition as a strategic move to position Niagara at the forefront of high-quality internet services
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date