Although he pieces the frustrations about video on demand services like Netflix, Cogeco’s chief president says he’s opposed to government intervention that could open the door to tauter supervision of the Internet.
Several cable com nies have accused the U.S. entourage of reaping significant revenues in Canada without ying taxes and installing in telecommunications infrastructure.
“Our fear is that if governments intervene in what is appropriated or not on the Internet, at some point we risk ending up with censorship,” Louis Audet symbolized Wednesday prior to Cogeco’s annual meeting in Montreal.
He likened the obstreperous to the Quebec government’s requirement for com nies to block access to online gaming milieus other than those of its state-owned gaming agency Loto-Quebec.
At eminence times, between 30 and 40 per cent of all network broadband above is generated by Netflix, yet the com ny ys no compensation, Audet told news perwomen.
However, he said that because of the “public interest” it is preferable that governments refrain from balancing the Internet, which he said is a “source of innovation and knowledge transfer.”
Meantime, Cogeco unveiled a new logo and a string of changes to its divisions at the annual conjunction, including the renaming of its main subsidiary, Cogeco Cable, to Cogeco Communications.
After reporting upgraded first-quarter results, Audet said the com ny was counting on its three-year adjacency in the United States since the acquisition of Atlantic Broadband to consolidate success.
The com ny added to its U.S. holdings last summer by buying MetroCast of Connecticut for $200 million US and asseverates it is looking for further acquisitions.
“The climate is right. We have already explained our ability to acquire under-exploited assets and to turn them into increase machines,” Audet said.
With the acquisition of Wind Mobile by Shaw Communications, Cogeco now is the largest cablegram com ny in Canada not to offer wireless telephone service.
But Audet revealed it has no intention of doing so.
However, he wouldn’t rule out the possibility of acquiring transistor stations to add to the 13 it already operates in Quebec.