Cogeco Inc. is a Montreal-based holding company that operates primarily through two main subsidiaries: Cogeco Communications Inc. and Cogeco Media. The vast majority of the company's revenue—approximately 97% in fiscal 2024—is generated by Cogeco Communications, which operates as a major telecommunications provider in North America. This segment delivers high-speed broadband internet, video (cable television), and wireline phone services to approximately 1.6 million residential and business subscribers. In Canada, these services are marketed under the Cogeco and oxio brands across Quebec and Ontario. In the United States, the company operates in 13 states along the East Coast under the Breezeline (formerly Atlantic Broadband) and welo brands. The telecommunications infrastructure relies on advanced hybrid fibre-coaxial (HFC) and fibre-to-the-home (FTTH) networks.
The remaining 3% of the company's revenue comes from Cogeco Media, which owns and operates 21 radio stations, predominantly in the province of Quebec, along with a news agency called Cogeco News. The media segment generates revenue primarily through local and national advertising sales. Cogeco Inc.'s business model is heavily driven by recurring subscription fees from its internet and cable customers, providing stable cash flows. The company is controlled by the Audet family through multiple voting shares. In recent years, Cogeco has focused on expanding its network footprint, particularly in rural and underserved areas, and has begun rolling out mobile wireless services to complement its wireline offerings.
