This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Caisse Contributes $50 Million To The Financing Of Cogeco Cable

MONTREAL, Jan. 29, 2013 /CNW Telbec/ - The Caisse de dépôt et placement du Québec announced a $50-million contribution, in the form of a term loan, to the financing of Cogeco Cable, a Québec telecommunications company specialized in residential and commercial cable distribution.

The Caisse's contribution is part of the $650-million private financing, announced earlier today by the company, to acquire PEER 1 Network Enterprises, Inc. Based in Vancouver, this Internet infrastructure supplier specializes in managed hosting and cloud services. The acquisition of PEER 1 will enable Cogeco Cable to diversify its service offering and serve an additional 10,000 businesses worldwide through 19 data centres and 21 network points of presence across North America and Europe.

"By participating in the financing of Cogeco Cable, the Caisse encourages the growth of this major player in the cable distribution industry by enabling it to expand its suite of network and hosting services," said Marc Cormier, Executive Vice-President, Fixed Income at the Caisse. "In addition to enhancing its presence in a booming sector, this acquisition will allow the Québec company to scale up and increase the scope of its operations, particularly in global markets."

"Cogeco Cable is pleased to be able to count on a partner like the Caisse de dépôt et placement du Québec as we implement our development plans in the Internet infrastructure market, business sector," explained Louis Audet, President and CEO of Cogeco Cable. "The acquisition of PEER 1, one of the world's leading hosting providers, is fully consistent with the achievement of one of our main strategic objectives."

ABOUT COGECO CABLE Cogeco Cable ( www.cogeco.ca) is a telecommunications corporation and is the second largest hybrid fibre coaxial cable operator in Ontario and Québec. Through its two-way broadband cable networks, Cogeco Cable provides its residential customers with Analogue and Digital Television, High Speed Internet ("HSI") and Telephony services. Cogeco Cable is also present in the United States through its subsidiary, Atlantic Broadband, whose head office is located in Quincy, Massachusetts. Atlantic Broadband is ranked the 12th largest cable television system operator in the United States and serves the following areas: Western Pennsylvania, Southern Florida, Maryland, Delaware and South Carolina. In addition, Cogeco Cable provides commercial customers, through its subsidiary Cogeco Data Services, with data networking, e-business applications, video conferencing, hosting services, Ethernet, private line, VoIP, HSI access, data storage, data security, co-location services, managed IT services, cloud services and other advanced communication solutions. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA).

ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2011, it held $159.0 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: www.lacaisse.com.

SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,139.48 -33.20 -0.19%
S&P 500 1,994.12 -0.17 -0.01%
NASDAQ 4,533.1750 +5.4860 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs