Cogeco Completes MetroCast Acquisition, Eyes Broadband, TiVo Products

Cogeco Cable's Atlantic Broadband subsidiary completed its $200 million takeover of MetroCast Communications of Connecticut, it said in a Thursday news release. The deal was announced in June (see 1506080049). Cogeco Cable CEO Louis Audet said that nearly three years after first entering the U.S. market, the Montreal-based company sees the MetroCast acquisition as marking a "continuing ... expansion into key growth markets" and will add to growth expected to come from the launch of such services as Metro Ethernet for businesses and TiVo.