TORONTO, Feb. 13 /CNW/ - Rogers Cable Communications Inc. today announced
that it has entered into an agreement to acquire Aurora Cable TV Limited
("Aurora Cable"), subject to CRTC approval. Aurora Cable provides cable
television, Internet and telephony services in the Town of Aurora and the
community of Oak Ridges, in Richmond Hill, Ontario.
"We are delighted with the acquisition of Aurora Cable and
enthusiastically welcome Aurora and Oak Ridges residents to Rogers where we
know they will enjoy the extensive selection of services that we offer our
customers," said Edward Rogers, President of Rogers Cable. "Aurora Cable is an
excellent system, a perfect fit with our existing systems in and around the
Greater Toronto Area, and it offers great synergies within our existing
Ontario cable cluster."
"We are proud of the successful cable operations we have built in and
around Aurora and there isn't a more logical or higher-quality service
provider than Rogers who could take ownership of them," said Jim Irvine who
founded Aurora Cable some 43 years ago. "Given the common borders of our
companies' cable systems and Rogers' expansive array of information,
communications and entertainment offerings, this is a tremendous opportunity
for our customers and for our companies alike."
About Rogers Cable:
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Rogers Cable Communications Inc. is a wholly-owned subsidiary of Rogers
Communications Inc. (TSX: RCI; NYSE: RCI), a diversified Canadian
communications and media company. Rogers Cable's advanced digital two-way
network passes approximately 3.6 million homes in Ontario, New Brunswick and
Newfoundland, with 64% basic penetration of its homes passed. Rogers Cable
pioneered high-speed Internet access and now 41% of homes passed by its cable
networks are Internet customers while 64% of its basic cable customers
subscribe to Rogers' high-speed Internet service. With 59% digital
penetration, Rogers Cable offers a leading selection of High Definition TV
programming, a complete array of Rogers On Demand services (including Video on
Demand (VOD), Subscription VOD, Personal Video Recorders and Timeshifting
channels), and an extensive line-up of sports and multicultural programming.
Rogers Cable now offers home telephone service (voice-over-cable) to
approximately 94% of its cable territory and, combined with its circuit
switched telephony subscribers, has over 1 million local telephony customers.
Rogers Cable is a national provider of voice communications services, data
networking, and broadband Internet connectivity to small, medium and large
businesses. In addition it operates over 450 Rogers Retail stores.
Additional information on Rogers is available at www.rogers.com.