Cogeco Connexion Acquires DERYtelecom for $405M

October 21, 2020

Cogeco Connexion, a Canadian subsidiary of Cogeco Communications Inc., has entered into a definitive agreement to acquire DERYtelecom for $405 million. DERYtelecom — based in Saguenay, Quebec — serves roughly 100,000 customers across 200+ municipalities and reported estimated FY2020 revenue of $105 million and adjusted EBITDA of $44 million; the deal is expected to close by Q2 FY2021 subject to regulatory approvals.

Buyers
Cogeco Connexion, Cogeco Communications Inc.
Targets
DERYtelecom
Location
Quebec, Canada
Transaction Type
Buyout

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