Cogeco Takes $1.2 Billion Hit as Breezeline Loses Ground
The writedown wipes out nearly what Cogeco paid for its U.S. broadband business just four years ago.
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.
