Revenue distribution by industry:

• Telecommunications: approx. 80%
• Media: approx. 20%

TOP 3 markets and their percentage shares:

• Canada: approx. 60%
• USA: approx. 35%
• Other markets: approx. 5%

Cogeco Communications Inc. generates the majority of its revenue from the telecommunications sector, particularly through internet and cable services. The Canadian market is the largest single market for the company, followed by the USA, where Cogeco also has a significant presence. The remaining revenue comes from smaller international markets.

Production Sites: Canada and USA (estimated, based on 2023)

Cogeco Communications Inc. is a Canadian telecommunications company that operates mainly in Canada and the USA. The company offers services such as cable TV, internet, and telephony. As a service company, it does not produce physical products in the traditional sense. The infrastructure and services are mainly provided in Canada and the USA, where the company operates its networks.

Strategic Growth Areas:

1. Expansion of the broadband network
2. Diversification of services
3. Sustainability initiatives

Cogeco Communications Inc. pursues a strategy focused on expanding and enhancing its broadband network. This includes investments in infrastructure to increase network coverage and speed, especially in underserved areas.

Additionally, the company is focusing on diversifying its services. This involves introducing new digital services and integrating technologies that provide customers with more flexibility and better connectivity.

Another key focus is on sustainability initiatives to reduce the ecological footprint and achieve long-term efficiency gains. This strategy aims not only to reduce operating costs but also to strengthen the brand image and meet the requirements of ESG criteria (Environmental, Social, and Governance).

Main materials: Fiber optic cables, network hardware, electronic components

Countries of origin: USA, China, Mexico

Cogeco Communications Inc. is a telecommunications company mainly operating in Canada and the USA. For the expansion and maintenance of its network infrastructure, the company imports materials such as fiber optic cables and network hardware. These materials are primarily sourced from the USA, China, and Mexico.

The USA is a significant trading partner due to geographical proximity and existing trade agreements. China is an important supplier of electronic components and network hardware, while Mexico also plays a role due to its production capacities and trade advantages.

These sources of imports enable Cogeco to remain cost-effective and technologically up-to-date to meet the increasing demands in the telecommunications sector.

Market share in Canada: Approx. 25% (2025, estimate)
EBITDA margin: 45% (2025)
Investments in infrastructure: 200 million CAD (2025)

Cogeco Communications Inc. has a significant competitive advantage due to its strong market position in Canada, especially in the regions of Québec and Ontario. The company benefits from a high EBITDA margin, indicating efficient operations and cost savings.

Additionally, Cogeco continuously invests in expanding its infrastructure, strengthening its ability to offer high-quality services and attract new customers. These investments are crucial to keeping pace with technological developments and meeting the increasing demands of customers.

Cogeco's competitive advantage is also supported by its ability to offer innovative products and services tailored to the specific needs of its customers. This enables the company to differentiate itself from its competitors and build long-term customer relationships.

Institutional Investor Share: approximately 40% (estimated, based on 2023 data)

Insider Buys/Sells: No significant transactions in the last year (estimated, based on 2023 trends)

The institutional investor share in Cogeco Communications Inc. is typically around 40%, indicating a moderate interest from institutional investors. These investors usually value the company's stability and dividend policy.

Regarding insider buys or sells, there have been no significant transactions in the last year. This could suggest that the management and other insiders are satisfied with the current company strategy and are not making any significant changes to their holdings.

Market share of Cogeco Communications Inc.: Estimated around 5% (2026)

Major competitors and their market shares:

1. Rogers Communications Inc.: around 30%
2. Bell Canada Enterprises (BCE): around 25%
3. Telus Corporation: around 20%
4. Shaw Communications Inc.: around 10%
5. Videotron Ltd.: around 7%
6. Cogeco Communications Inc.: around 5%
7. Other smaller providers: around 3%

Compared to its larger competitors, Cogeco Communications Inc. has a smaller market share. Cogeco's moat lies in its strong regional presence, particularly in Quebec and Ontario, as well as its ability to efficiently serve niche markets. This provides the company with a certain level of stability and customer loyalty in these regions.

In comparison to larger companies like Rogers, Bell, and Telus, which have extensive networks and resources, Cogeco's moat is less pronounced. These larger companies have significant advantages due to their comprehensive service offerings, greater financial resources, and broader geographic coverage.

Nevertheless, Cogeco can maintain a competitive advantage through its focus on specific markets and customer segments, as well as through innovations in its services. However, competition remains intense, and larger companies tend to have stronger moats due to their market leadership and economies of scale.

Revenue Growth: 4.8% (2025) EBITDA Margin: 48.2% (2025) Free Cash Flow: 320 million CAD (2025)

Cogeco Communications Inc. achieved a revenue growth of 4.8% in 2025, indicating a stable demand for its telecommunications services. The EBITDA margin of 48.2% demonstrates solid operational efficiency, suggesting that the company has good cost control and operates profitably.

The Free Cash Flow of 320 million CAD in 2025 is a positive sign for the company's financial health. A strong Free Cash Flow enables Cogeco to invest in future growth projects, pay down debt, or distribute dividends to shareholders.

Overall, the financial stability and moderate growth suggest that Cogeco Communications Inc. could be a solid investment, especially for investors interested in a stable and well-managed telecommunications company.

Dividend Yield: 3.2% (2026, estimated)

Dividend History: Paid continuously for over 10 years

Cogeco Communications Inc. is known for a reliable dividend policy. The company has been consistently paying dividends in recent years, indicating a stable financial foundation and solid business development. The estimated dividend yield of 3.2% in 2026 shows that the company continues to strive to provide regular returns to its shareholders.

The reliability of the payout is underscored by the continuous increase in dividends in recent years, indicating positive business development and strong cash flow generation. Therefore, investors can expect a stable dividend payment as long as the economic conditions do not change drastically.