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Cogeco to take $1.7B non-cash charge related to U.S. telecom business

Summary by Winnipeg Free Press

Cogeco Communications Inc. and Cogeco Inc. say they expect to take a non-cash impairment charge of about $1.7 billion related to its U.S. telecommunications segment.

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The Globe & Mail

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Cogeco to take $1.7-billion non-cash charge related to U.S. telecom business

Charge reflects competitive U.S. environment, according to the companies

10 hours ago·Canada

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The Toronto Star

+5 Reposted by 5 other sources

Lean Left

Cogeco to take $1.7B non-cash charge related to U.S. telecom business

MONTREAL - Cogeco Communications Inc. and Cogeco Inc. say they expect to take a non-cash impairment charge of about $1.7 billion related to its U.S. telecommunications segment.

11 hours ago·Toronto, Canada

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La Presse

Lean Left

Cogeco Will Account for a Non-Cash Charge of $1.7 Billion

Cogeco Communications and Cogeco plan to account for a cash loss expense of approximately $1.7 billion related to their telecommunications segment in the United States.

14 hours ago·Montreal, Canada

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Le Journal de Quebec

Cogeco Reduces the Value of Its U.S. Operations by $1.7 Billion

Cogeco announced on Monday that it will reduce the value of its U.S. business, which bears the name Breezeline, by $1.7 billion.

8 hours ago·Quebec City, Canada

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Newswire

Cogeco announces a non-cash impairment charge related to its American telecommunications segment

/CNW/ - Cogeco Communications Inc. and Cogeco Inc. (collectively, the "Corporations" or "Cogeco") announced today that, as part of a review of the carrying...

11 hours ago

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