Cogeco Acquires Niagara Regional Broadband Network

Montreal-based Cogeco has recently acquired the Niagara Regional Broadband Network (NRBN), a municipally-owned telecommunications provider serving the Niagara region. This acquisition will allow Cogeco to expand its services and enhance connectivity options for businesses and residents in the area.

Key Points to Note:

– The City of Niagara Falls and the Town of Niagara-on-the-Lake will remain minority shareholders in NRBN.
– Philippe Jetté, President and Chief Executive Officer of Cogeco Inc. and Cogeco Communications Inc., expressed excitement about the acquisition, emphasizing shared values and a commitment to improving services for the Niagara Region.
– Jim Diodati, Mayor of Niagara Falls and Board Chair of NRBN, highlighted the importance of high-quality internet services for the region’s success, indicating that this move positions Niagara at the forefront of technological advancement.

NRBN currently offers fibre internet, TV, and home phone services. With this acquisition, Cogeco aims to leverage NRBN’s network to benefit residents while advancing its own position in the market.

It’s important to note that while this acquisition may reduce taxpayer pressure for maintaining services, it also means that NRBN’s operations are now in the hands of a larger player. This shift could potentially lead to changes in pricing down the line.

Overall, Cogeco’s acquisition of NRBN signifies a positive step towards improving telecom services in the Niagara region and fostering economic growth.

Stay tuned for more updates as we continue to follow this exciting development!