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Montreal-based Cogeco Communications announced today that it has closed on the $1.4 billion purchase of the remaining MetroCast assets in New Hampshire, Maine, Pennsylvania, Maryland and Virginia.
The purchase was made through Cogeco’s U.S. subsidiary, Atlantic Broadband. The deal makes Atlantic the ninth largest U.S. cable operator, with more than 450,000 customers and 850,000 residential passings spanning from Maine to Florida. Atlantic Broadband employs more than 1,250 workers and has over $710 million in combined annual revenue.
“After our highly successful acquisition and integration of...