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MONTREAL — Cogeco Inc. says its Canadian wireless launch is underway with the first group of customers already on the service.
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The company says it plans to cover 12 Canadian markets in parts of Ontario and Quebec over the coming weeks.
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The news came as the company reported a profit attributable to owners of the corporation of $20.5 million in its quarter ended May 31, up from $19.0 million in the same quarter last year.
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Cogeco says its profit amounted to $2.13 per diluted share for the quarter, up from $1.97 per diluted share in the same quarter last year.
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Revenue totalled $758.5 million, down from $777.2 million.
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On an adjusted basis, Cogeco says it earned $2.40 per diluted share in its latest quarter, down from an adjusted profit of $3.02 per diluted share a year ago.
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