Business
COGECO and Bell Globemedia extend partnership in TQS
COGECO and Bell Globemedia extend partnership in TQS.
About this update from Cogeco Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Dec. 5 /CNW Telbec/ - COGECO Inc. (TSX: CGO) has confirmed that\nCogeco Radio-television Inc. (\"CRTI\") will not exercise its right to purchase\nthe 40% interest that CTV Television Inc. (\"CTV\") holds in 3947324 Canada Inc.\n(\"TQS Holdco\"), the company that owns TQS Inc., following a change of control\nof Bell Globemedia Inc. on August 31, 2006 that triggered the right for CRTI\nto acquire all the shares of CTV in TQS Holdco.\n\n\nFurthermore, CRTI, CTV and TQS Holdco have amended the Shareholder's\nAgreement to postpone the beginning of the Second Put Option Period provided\nin the Agreement from February 15, 2007 to January 1, 2009.\n\n\nABOUT COGECO\n\n\nCOGECO is a diversified communications company. Through its Cogeco Cable\nsubsidiary, COGECO provides about 1,556,000 revenue-generating units (RGU) to\napproximately 1,477,000 homes passed in its Canadian service territory and\n629,000 RGUs to approximately 826,000 homes passed in its Portuguese service\nterritory. Through its two-way broadband cable networks, Cogeco Cable provides\nits residential and commercial customers with analog and digital video and\naudio services, High Speed Internet access as well as Telephony services.\nThrough its Cogeco Radio-Television subsidiary, COGECO holds a 60% interest\nand operates the TQS network, six TQS television stations, and three French\nCBC-affiliated television stations in partnership with CTV Television. Cogeco\nRadio-Television also wholly owns and operates the RYTHME FM radio stations in\nMontreal, Quebec City, Trois-Rivieres and Sherbrooke as well as the\n93.3 station in Quebec City. COGECO's subordinate voting shares are listed on\nthe Toronto Stock Exchange (CGO). The subordinate voting shares of Cogeco\nCable are also listed on the Toronto Stock Exchange (CCA).\n\n\n","length":1855,"tagName":"div"}]