Cogeco to take $1.7B non-cash charge related to U.S. telecom business

Cogeco to take $1.7-billion non-cash charge related to U.S. telecom business

Charge reflects competitive U.S. environment, according to the companies

Cogeco to take $1.7B non-cash charge related to U.S. telecom business

MONTREAL - Cogeco Communications Inc. and Cogeco Inc. say they expect to take a non-cash impairment charge of about $1.7 billion related to its U.S. telecommunications segment.

Cogeco Takes $1.2 Billion Hit as Breezeline Loses Ground

June 2, 2026 – A Montreal-based cable operator wrote down $1.2 billion from its U.S. broadband unit Monday, as fiber and fixed wireless rivals continue to erode the customer base. Cogeco Communications said the writedown, $1.7 billion in Canadian dollars, covers the goodwill and intangible assets tied to Breezeline, its U.S. internet service provider operating across 13 states. See Breakfast Club Membership Options! See Breakfast Club Membersh…

Telecom news: Ethio telecom, Cogeco, MTN Zambia

Today’s telecom news includes announcements on Ethio telecom, Cogeco, MTN Zambia, among others. GSMA report on mobile internet investment Ethiopia’s Digital Leap: Ethio Telecom Expands 4G LTE to 52 More Towns Ethio telecom has expanded its 4G LTE mobile broadband network to 52 additional towns across Ethiopia, significantly widening access to high-speed internet services across regions including Oromia, Amhara, Southern Ethiopia, Gambella, Benis…