Cogeco Cable Inc. is a Montreal, Québec, based cable television operator offering analog and digital television, as well as high-speed Internet services. It is the second largest cable system operator in both Ontario and Québec, and the fourth largest in Canada.
CogecoCable (TSX: CCA.SV) and F-SecureÂ® Corporation (HEX:FSC), a worldwide leader in antivirus and intrusion prevention, today announced a partnership to provide CogecoCable customers with Internet Security Services including anti-virus, personal firewall, parental control and anti-spam with anti-spyware coming soon.
Cogeco Internet Security Services, powered by F-SecureÂ’s managed security service, will be made available to approximately a quarter of a million Standard and Pro High Speed Internet customers as of December 15th, 2004.
COGECO maintains a working capital deficiency due to a low accounts receivable since the majority of the cable subsidiary's customers pay before their services are rendered, unlike accounts payable and accrued liabilities, which are paid after products or services are rendered.
CogecoCable's operating margin for the Canadian operations decreased slightly from 43.3% to 43% in the fourth quarter of fiscal 2006 and for fiscal year 2006, the operating margin.
CogecoCable is presently considering alternative financial arrangements to extend the term with alternate sources of financing and to set the interest rate of the Term Facility.
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