Cogeco acquires telecom operations of internet startup Oxio, which had about 30,000 customers as of last May
Cogeco said it plans to use the acquired business as a second brand, a common strategy in Canada’s telecom market, where the dominant players often operate multiple discount “flanker” brands.
Tuesday’s news follows a string of other sales of independent internet service providers to large telecom companies, including Distributel and EBox to Bell, VMedia to Quebecor and Start.ca and Altima to Telus.the Canadian Radio-television and Telecommunications Commission have both recently indicated plans to support smaller competitors“Now it is undeniable that the industry is in crisis,” said Andy Kaplan-Myrth, vice-president of regulatory affairs at of Chatham, Ont.-based.
But the small players say their business model has been severely hampered by recent CRTC policies, including the reversal of a decision that set lower wholesale rates and their inability to get access to fibre-to-the-home internet service, which is fast and in demand by customers.
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