(1)) compared to the same period of the prior year to reach $624.3 million;
Adjusted EBITDA
Free cash flow
Cogeco Communications announced the acquisition of WideOpenWest’s Ohio broadband systems; and
A quarterly eligible dividend of $0.64 was declared.
MONTRÉAL, July 14, 2021 /CNW Telbec/ – Today, Cogeco Communications Inc. (TSX:CCA) (“Cogeco Communications” or the “Corporation”) announced its financial results for the third quarter ended May 31, 2021, in accordance with International Financial Reporting Standards (“IFRS”).
OPERATING RESULTS
For the third quarter of fiscal 2021:
Revenue increased by 3.1% to reach $624.3 million. On a constant currency basis, revenue increased by 8.8%, mainly explained as follows:
Canadian broadband services revenue increased by 10.2% as a result of the DERYtelecom acquisition completed on December 14, 2020, the cumulative effect of sustained demand for residential high-speed Internet since the beginning of the pandemic
North American Morning Briefing:Powell in Focus -2-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Five Canadian business stories to watch this week | Ottawa Business Journal
obj.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from obj.ca Daily Mail and Mail on Sunday newspapers.
Five things to watch for in the Canadian business world this week - Business News
castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.