Canadian Internet Subscriber Growth
Cogeco reported strong growth in Canadian Internet subscribers, adding 9,400 new subscribers during the quarter.
CapEx and OpEx Synergies Ahead of Plan
Cogeco's CapEx and OpEx synergies are tracking well above plan, leading to a net CapEx reduction for the fiscal year. This has contributed to an increase in free cash flow guidance.
Free Cash Flow Increase
Free cash flow in constant currency increased by 61.5% due to lower CapEx and restructuring costs, with a target of approximately $600 million in free cash flow by fiscal 2027.
Canadian Wireless Launch
Cogeco announced the Canadian wireless launch, expanding services to 12 markets, with a full commercial launch planned for the fall.
Dividend Declaration
Cogeco declared a dividend of $0.922 per share, reflecting continued commitment to returning value to shareholders.