Caisse backs Cogeco’s close of $1.4 bln MetroCast acquisition

An affiliate of Cogeco Communications Inc, a Canadian telecommunications and media company, has closed its buy of cable systems owned by Harron Communications LP, which operates under the MetroCast brand name. The previously announced deal is valued at about $1.4 billion. It will support the growth of the Cogeco affiliate, Atlantic Broadband, across 11 states on the U.S. East Coast. Caisse de dépôt et placement du Québec invested $315 million in the acquisition, giving the pension fund a 21 percent interest in Atlantic Broadband’s holding company.

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