Altice USA has put forth an offer to acquire 100% of outstanding Cogeco shares in order to own Atlantic Broadband. Altice has also agreed to sell the Canadian assets of Cogeco to Rogers Communications, Cogeco’s largest long-term shareholder.

The aggregate all-cash offer for the shares, including those owned by Rogers, is $7.8bln. In order to acquire Cogeco’s US assets, Altice would pay $3.6bln. 

Atlantic Broadband is currently the 9th largest cable operator in the US.

“We greatly respect and appreciate the legacy the Audet family has created with Cogeco, building an iconic company across Canada and the U.S. that is driven by superior customer service and continuous investments in technology,” Altice USA CEO Dexter Goei said in a statement. “We look forward to the opportunity to extend Altice USA’s high-quality broadband, video, mobile, and news offerings to more than 1.1 million additional homes and businesses.”

UPDATE: Cogeco and Cogeco Communications issued a statement confirming the non-binding proposal will be submitted to and reviewed by their boards of directors. The corporations said the proposal “has been reviewed by Gestion Audem Inc., a company controlled by the members of the Audet family holding 69% of all voting rights of CGO which in turn controls 82.9% of all voting rights of CCA. Gestion Audem Inc. has already indicated that it does not intend to sell its shares and will not support the proposal.”

The Daily

Subscribe
Tuesday–May 6

Senate Commerce Addresses Funding Cuts to PBS, NPR

President Trump’s Executive Order to halt federal funding for PBS and NPR found its way into Tuesday’s Senate Commerce streaming hearing.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.