Rogers has acquired Cable Cable, a telecommunications company based in the village of Fenelon Falls, part of Kawartha, in Ontario.
The family-owned and locally operated company issued a joint release with Rogers to state it will become a subsidiary of the latter. Over 6,000 customers of Cable Cable use the company’s internet, TV and phone services.
“From a small cable startup serving a single community to a multi-service telecom serving thousands; it has been quite the journey. I attribute our many years of growth and success to the committed local staff who have worked tirelessly to ensure we offer the best experiences possible for our customers. The decision to pass on this legacy was a challenging one, but I know that with Rogers at the helm even greater things will be possible,” said Michael Fiorini, CEO of Cable Cable, in a statement.
Over the coming months, Cable Cable customers will plan to offer extra services, including internet and entertainment services, such as Rogers Ignite TV. Rogers says it is “committed to continuing Cable Cable’s current service area expansion plans to connect even more local communities.”
“We are thrilled to have the Cable Cable team and customers join the Rogers family and carry on the incredible legacy that Michael and his father Tony have built over the past 38 years,” said Ron McKenzie, senior vice president of technical operations at Rogers, in a statement.
Cable Cable told kawarthaNOW all of the company’s staff will be keeping their jobs, as part of the Rogers takeover.
Yesterday, Altice USA offered a takeover bid for Cogeco, that would see Rogers acquire the latter’s Canadian assets for $4.9 billion. The controlling family of Cogeco declined the offer.