Cogeco expects $1.7-billion writedown over U.S. telecom division

Cogeco Communications expects a $1.7 billion writedown tied to its U.S. telecommunications division, reflecting sustained revenue declines and intensified competition from American rivals. The charge points to significant impairment in the unit's value and highlights worsening fundamentals rather than a one-time accounting adjustment.

Analysis

Cogeco Communications expects a $1.7 billion writedown tied to its U.S. telecommunications division, reflecting sustained revenue declines and intensified competition from American rivals. The charge points to significant impairment in the unit's value and highlights worsening fundamentals rather than a one-time accounting adjustment.