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Cogeco launches new wireless service in Canada despite recent revenue and earnings declines.
Canadian telecom Cogeco Inc. has launched its new wireless service in Canada, aiming to cover 12 markets in Ontario and Quebec.
The company reported a $20.5 million profit for the quarter ending May 31, up from $19 million last year, but revenue fell to $758.5 million from $777.2 million.
Adjusted earnings per share also declined to $2.40 from $3.02.
Despite a 2.7% revenue drop in the third quarter of 2025 to $730.7 million, Cogeco is expanding its wireless service to compete with other carriers, especially for low-to-mid data users.
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Cogeco lanza un nuevo servicio inalámbrico en Canadá a pesar de los recientes descensos en los ingresos y ganancias.