Deal Snapshot
Cogeco Communications Acquires DERYtelecom for USD 405m
Friday 23 October 2020

Cogeco Connexion, a subsidiary of Canada-based Cogeco Communications Inc. (TSX: CCA), has agreed to acquire Quebec-based cable provider DERYtelecom for USD 405m, the company said.

As the transaction will be executed essentially through an asset purchase, Cogeco Connexion expects to realise tax benefits with a present value of approximately USD 40m. The purchase price will be financed with a combination of cash on hand and Cogeco's term revolving facility.

Date Published: 23/10/2020