Cogeco Cable Completes Acquisition of Portuguese Cable Platform

MONTREAL, August 4: Cogeco
Cable, the second-largest cable operator in Ontario and Québec, has completed
its previously announced acquisition of Cabovisao—Televisao por Cabo, the
second-largest cable operator in Portugal.

"The completion of
this acquisition represents a significant step for Cogeco Cable in our strategy
to secure growth opportunities for our shareholders," said Louis Audet,
the president and CEO of Cogeco Cable. "Today, we significantly increase
our knowledge by welcoming more than 500 experienced employees from
Cabovisao—individuals who know the Portuguese marketplace and Cabovisao
products. As a result of the acquisition, we also now have a top of the class
two-way network serving our Portuguese clients on which we can layer new
services to fulfill their current and future telecommunications needs."

He continued: "This
acquisition is in accordance with the external growth strategy announced by
Cogeco Cable last October. We are now squarely focused on quickly seizing the
attractive opportunities this transaction has created for us to increase
top-line growth, to increase customer satisfaction and to solidify our
competitive position while soundly controlling cost. With the Cabovisao
acquisition now complete, Cogeco Cable is a stronger, more broadly based
company than ever before. We are looking forward to delivering on the promise
of this acquisition and to building value for our shareholders."