Cogeco Cable's continued organic growth and acquisitions contribute positively to the fourth quarter and 2008 year end results

Thursday, October 30th, 2008
|
Cabovisão logo

MONTREAL — Today, Cogeco Cable Inc. (TSX: CCA) (the “Corporation”) announced its financial results for the fourth quarter and fiscal year ended August 31, 2008.

Canadian Operations

The Digital Television service net additions stood at 16,150 customers compared to 8,747 customers for the same period in the prior year due to targeted marketing initiatives in 2008 to improve the penetration rate and the continuing strong interest for HD technology.

                                               Net additions (losses)         % of Penetration
                                          ----------------------------------  ----------------
                                            Quarters ended       Years ended
                             August 31,         August 31,        August 31,        August 31,
                                   2008      2008     2007     2008     2007     2008     2007
                             ----------   -------  -------  -------  -------  -------  -------
Basic Cable service
customers                       857,094   (1,476)  (2,627)    7,937   15,980        -        -
Digital Television service
customers                       441,746    16,150    8,747   61,867   52,515     52.4     45.8

European Operations

The Cabovisão (Televisão por Cabo, S.A.) Digital Television service was launched in the third quarter of 2008, with net additions of 9,982 customers in the fourth quarter, for a total of 24,452 net additions since the launch, surpassing management expectations.

                                               Net additions (losses)         % of Penetration
                                          ----------------------------------  ----------------
                                            Quarters ended       Years ended
                             August 31,         August 31,        August 31,        August 31,
                                   2008      2008     2007     2008     2007     2008     2007
                             ----------   -------  -------  -------  -------  -------  -------
Basic Cable service
customers                       296,135   (4,456)    4,756    2,132   24,309        -        -
Digital Television
service customers                24,452     9,982        -   24,452        -      8.3        -

More: Earnings Release