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M&A Deal Summary

Cogeco Communications Acquires Novo

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2006-01-01
Target Novo
Sector Communications
Buyer(s) Cogeco Communications
Deal Type Add-on Acquisition
Deal Value 496M EUR

Target

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(S) 1

Buyer

Cogeco Communications

Montreal, Quebec, Canada
Category Company
Founded 1957
Sector Communications
Employees3,740
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 STATS #
Overall 1 of 7
Sector: Communications M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 7
Country: Portugal M&A 1 of 1
Year: 2006 M&A 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
Mergr

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