TORONTO — The chief executive of Rogers Communications says its plans for Ontario and Quebec will be decided by whether it can buy the Canadian arm of Cogeco Communications.
Rogers CEO Joe Natale says his team is looking at where to invest in every province as the communications industry goes through a once-in-a-generation technology cycle.
Natale won’t detail how Rogers and partner Altice USA Inc. will respond to the Audet family’s rejection of a $10.3-billion hostile offer for their controlling stake in Cogeco.
But Natale says this is the right time in the industry’s evolution for Rogers to add Cogeco’s cable and internet operations to serve Canada’s two biggest provinces.
Natale made the comments at a virtual conference hosted by BMO Capital Markets.
Cogeco’s chief financial officer told the same conference later that it can continue to grow in Canada and the United States as an independent company.
This report by The Canadian Press was first published Sept. 15, 2020.
Companies in this story: (TSX:RCI.B, TSX:CGA)
The Canadian Press