Add-on Acquisition • Communications

Cogeco Communications Acquires Novo

On January 1, 2006, Cogeco Communications acquired communications company Novo for 496M EUR

Acquisition Context

This is Cogeco Communications’ 1st transaction in the Communications sector.
This is Cogeco Communications’ largest (disclosed) transaction.
This is Cogeco Communications’ 1st transaction in Portugal.

Investment Fate

Novo was divested to a consortium of strategic buyers in 2012 for 45M EUR.
Novo was divested to a consortium of buyers in 2016.

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M&A Deal Summary
Date	January 1, 2006
Target	Novo
Sector	Communications
Buyer(s)	Cogeco Communications
Deal Type	Add-on Acquisition
Deal Value	496M EUR

Target Company

Novo

Lisboa, Portugal

Novo is an operator of a telecommunications corporation with more than 900,000 homes passed and around 200,000 subscribers. It offers pay-TV, internet, and fixed telephony services to consumers. Novo was founded in 1993 and is based in Lisboa, Portugal.

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Buyer Overview 1

Buyer

Cogeco Communications

Montreal, Quebec, Canada

Category	Company
Founded	1957
Sector	Communications
Employees	3,740
Revenue	3.0B CAD (2024)

DESCRIPTION

Cogeco Communications is a telecommunications corporation and is the second largest hybrid fibre coaxial cable system operator in Ontario and Québec. Cogeco Communications was incorporated in 1957 and is based in Montreal, Canada.

Deal Context for Buyer	#
Overall	1 of 7
Sector: Communications	1 of 4
Type: Add-on Acquisition	1 of 7
Country: Portugal	1 of 1
Year: 2006	1 of 1
Size (of disclosed)	1 of 5

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2008-06-13	Toronto Hydro Telecom Toronto, Ontario, Canada THTI offers data communications and other telecommunications services such as Ethernet, private line, Voice-over-Internet protocol, high-speed Internet access, dark fibre, data storage, data security and co-location to a wide range of business customers and organizations throughout the Greater Toronto Area.	Buy	CA$200M

DATE

TARGET

DEAL TYPE

VALUE

2008-06-13

Toronto Hydro Telecom

Toronto, Ontario, Canada

THTI offers data communications and other telecommunications services such as Ethernet, private line, Voice-over-Internet protocol, high-speed Internet access, dark fibre, data storage, data security and co-location to a wide range of business customers and organizations throughout the Greater Toronto Area.

Buy

CA$200M

Explore Related M&A Activity

Communications M&A - Add-on Acquisition M&A Deals - Portugal M&A - 2006 M&A