Cogeco Takes $1.2 Billion Hit as Breezeline Loses Ground

June 2, 2026 – A Montreal-based cable operator wrote down $1.2 billion from its U.S. broadband unit Monday, as fiber and fixed wireless rivals continue to erode the customer base.

Cogeco Communications said the writedown, $1.7 billion in Canadian dollars, covers the goodwill and intangible assets tied to Breezeline, its U.S. internet service provider operating across 13 states.

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