Cogeco trades IPTV for TiVo
Michelle Clancy | 11 July 2014
Canadian and US cable group Cogeco has abandoned its IPTV project after experiencing "unexpected performance issues encountered with the platform". In the third quarter, it lost C$32.2 million on IPTV.
As a replacement, it has struck a partnership with TiVo to allow it to offer next-generation television services that enable viewers to access content across multiple screens in and out of the home, which it will launch in Canada commercially 'by mid-fiscal 2015'.
Cogeco has already launched the TiVo solution this year in the US with Atlantic Broadband.
The company's fiscal third-quarter consolidated revenue increased by 6.9% year-on-year to C$465.2 million, driven by growth of 3.5% in the Canadian cable segment (Cogeco Cable), improvement of 12.2% in the American cable market (Atlantic Broadband) and a 15.3% increase in the enterprise services segment (Cogeco Data Services). Adjusted EBITDA increased by 6.6% year-on-year.