Cogeco books $1.7 billion charge on U.S. telecom assets
Cogeco Communications Inc. and Cogeco Inc. anticipate recording a non-cash impairment charge of approximately $1.7 billion. This charge is related to their United States telecommunications segment.
Key Takeaways
- Cogeco Communications Inc. and Cogeco Inc. expect an approximately $1.7 billion non-cash impairment charge.
- The charge is tied to the companies’ U.S. telecommunications segment.
- The impairment was disclosed in a June 1, 2026 update from Cogeco.
Why It Matters
The immediate effect is a large accounting hit for Cogeco’s U.S. telecommunications business, with roughly $1.7 billion being written down as a non-cash impairment charge. For investors and operators watching telecom and streaming infrastructure owners, the key signal is that Cogeco is flagging a material reassessment of its U.S. segment rather than a cash expense. The specific number to watch next is the $1.7 billion charge when it appears in the company’s earnings reporting.
Read full article at bnnbloomberg.ca
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