COGECO CABLE’S THIRD QUARTER FINANCIAL RESULTS EXCEED EXPECTATIONS; 2007 GUIDANCE REVISED UPWARD

PRESS RELEASE

For immediate release

Cogeco Cable’s third quarter financial results exceed expectations;

2007 guidance revised upward

Montréal, July 6, 2007 – Today, Cogeco Cable Inc. (TSX: CCA) announced its financial results for

the third quarter ended May 31, 2007.

Results ahead of expectations

During the third quarter, Cogeco Cable continued to exceed its last financial projections. On a

consolidated basis, revenue was up 56.3% reaching $240.6 million, operating income before

amortization improved by 54.8%, standing at $97.9 million while net income stood at $20.4 million, an

increase of 64.7%

“Our financial results exceed last April’s guidance. Our Canadian and Portuguese subsidiaries are

experiencing a steady progression, thanks to a continuous improved penetration of our Digital

Telephony service in Canada and improved penetration of all services in Portugal. Our customers

appreciate our offering tailored to their needs,” said Mr. Louis Audet, President and CEO of Cogeco

Cable.

Improved 2007 projections and preliminary guidelines for 2008

Management has revised upwards its projections for the fiscal year 2007 to better reflect the

Corporation’s improved performance for the first nine months of fiscal 2007. Therefore, consolidated

revenue should reach $940 million, operating income before amortization $368 million and net

income should stand at $68 million. “The outstanding features of our triple-play offer of Television,

Internet and Telephony continues to receive strong consumer endorsement and is the source of

continued growth in Canada and Portugal,” said Mr. Louis Audet.

In addition, the Corporation announced its 2008 preliminary guidelines, setting revenue outlook to

about $1,050 million, operating income before amortization to approximately $425 million and free

cash flow

to approximately $60 million”.

See the “Non-GAAP financial measures” section for explanations.

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FINANCIAL HIGHLIGHTS

Quarters ended May 31,

(unaudited)

Nine months ended May 31,

(unaudited)

($000s, except percentages and per share data)

2007 2006 % Change

Revenue $ 240,612 $

153,956 56.3 $

694,566 $ 445,126 56.0

Operating income before amortization

97,874 63,244 54.8 268,327 180,114 49.0

Net income 20,381 12,371 64.7 48,323 31,569 53.1

Cash flow from operations

(1)

76,416 49,696 53.8 200,740 138,025 45.4

Less:

Capital expenditures and increase in

deferred charges

57,817 38,009 52.1 185,044 111,167 66.5

Free cash flow

(1)

18,599 11,687 59.1 15,696 26,858 (41.6)

Per share data

Basic net income $ 0.45 $

0.31 45.2 $

1.14 $ 0.79 44.3

(1)

Cash flow from op erations and free cash flow do not have standard def initions prescribed by Canadian generally accepte d accounting principles

(GAAP) and should be treated accordingly. For more details, please consult the “Non-GAAP financial measures section”.

FORWARD-LOOKING STATEMENT

Certain statements in this press release may constitute forward-looking information within the meaning of

securities laws. Forward-looking information may relate to our future outlook and anticipated events, our

business, our operations, our financial performance, our financial condition or our results and, in some cases,

can be identified by terminology such as "may"; "will"; "should"; "expect"; "plan"; "anticipate"; "believe"; "intend";

"estimate"; "predict"; "potential"; "continue"; "foresee", "ensure" or other similar expressions concerning matters

that are not historical facts. In particular, statements regarding our future operating results and economic

performance and our objectives and strategies are forward-looking statements. These statements are based on

certain factors and assumptions, including expected growth, results of operations, performance and business

prospects and opportunities, which we believe are reasonable as of the current date. While we consider these

assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

Forward-looking information is also subject to certain factors, including risks and uncertainties (described in

“Uncertainties and main risk factors” of the Corporation’s 2006 annual MD&A) that could cause actual results to

differ materially from what we currently expect. These factors include technological changes, changes in

market and competition, governmental or regulatory developments, general economic conditions, the

development of new products and services, the enhancement of existing products and services, and the

introduction of competing products having technological or other advantages, many of which are beyond our

control. Therefore, future events and results may vary significantly from what we currently foresee. You should

not place undue importance on forward-looking information and should not rely upon this information as of any

other date. While we may elect to, we are under no obligation (and expressly disclaim any such obligation) and

do not undertake to update or alter this information before next qua rter.

This analysis should be read in conjunction with the Corporation’s financial statements, and the notes thereto,

prepared in accordance with Canadian GAAP and the MD&A included in the Corporation’s 2006 Annual

Report. Throughout this discussion, all amounts are in Canadian dollars unle s s otherwise indicated.

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MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)

CORPORATE STRATEGIES AND OBJECTIVES

Cogeco Cable’s objectives are to improve profitability and create shareholder value. The strategies

for reaching those objectives are constant corporate growth through the diversification and the

improvement of products and services as well as clientele and territories; effective management of

capital; and tight cost control and business processes. The Corporation measures its performance

with regard to these objectives with revenue growth, RGU

growth and free cash flow

. Below are the

recent achievements in furtherance of Cogeco Cable’s objectives.

Continuous improvement of the service offering and a larger customer base

Canadian operations

• Digital Television services:

o On March 26, 2007, signature of an agreement with Twentieth Century Fox Film

Corporation for the Video On Demand (VOD) offering;

o Addition of three High Definition (HD) channels to the HD offering in Ontario, on March

27, 2007;

o On June 5, 2007, addition of six HD channels to the HD offering in Québec.

• Digital Telephony service:

o Available to 77% of homes passed in Cogeco Cable’s territories, as at May 31, 2007;

o Since February 28, 2007, deployment of the Digital Telephony service in Trenton,

Belleville, Cannifton, Amherstburg and Belle River in Ontario, as well as Plessisville in

Québec.

• High Speed Internet services (HSI):

o On March 9, 2007, access to Wi-Fi connections for Cogeco Cable Ontario customers

in Burlington, Oakville and Hamilton.

Portuguese operations and its integration

• Cabovisão

- Televisão por Cabo, S.A. (Cabovisão) is in the process of completing its plan to

launch its Digital Television service during fiscal 2007.

Continuous improvement of networks and equipment

• During the first nine months of fiscal 2007, the Corporation has invested approximately

$74 million in its infrastructure including head-ends and upgrade/rebuild.

Effective management of capital

• The Corporation redeemed the remaining $35.7 million of its $125 million 8.44% Second

Secured Debentures due July 31, 2007.

Tight control over costs, business processes

• The first nine months of fiscal 2007 of the Canadian operating costs, excluding management

fees, increased by 19.1% essentially in line with revenue growth of 18.1% during this period;

• The design of internal controls over financial reporting as per National Instrument 52-109 is

still underway. As discussed in the 2006 annual MD&A, the Corporation had identified certain

material weaknesses in the design of internal controls over financial reporting and there have

been no changes to most of the identified material weaknesses since August 31, 2006,

except for the implementation of the Corporation’s Code of Ethics at Cabovisão in Portugal.

See the « Customer statistics” section for detailed explanations.

See the “ Non-GAAP financial measures “ section for explanations.

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The documentation and remediation of internal controls weaknesses are progressing

normally.

RGU growth

During the first nine months of fiscal 2007, the consolidated number of RGUs increased by 11.5% to

reach almost 2.44 million units, en route towards the achievement of the Corporation’s revised

projections of 13% to 14% for this fiscal year.

Revenue growth

During the first nine months, revenue increased by $249.4 million to reach $694.6 million. For fiscal

2007, the appreciation of the Canadian dollar over the euro currency during the last quarter brought

the Corporation to slightly revise its projections from $945 million to the $940 million. Please consult

the ‘’Fiscal 2007 financial guidelines’’ section for further details.

Free cash flow

In the third quarter of fiscal 2007, Cogeco Cable generated free cash flow of $18.6 million, compared

to $11.7 million for the same period last year, as a result of an increase in operating income before

amortization. For the nine month period ended May 31, 2007, the Corporation invested more in

capital expenditures in order to sustain RGU growth and build inventory to sustain growth for the

forthcoming period thus resulting in a free cash flow of $15.7 million compared to $26.9 million for the

same period the year before. Capital expenditures and deferred charges amounted to $185 million

for the nine month period ended May 31, 2007, of which $156.1 million was intended to support

Canadian operations and the remainder was earmarked for the Portuguese operations. The revised

free cash flow for fiscal 2007 should be approximately $20 million. Please consult the ‘’Fiscal 2007

financial guidelines’’ section for further details.

OPERATING RESULTS – CONSOLIDATED OVERVIEW

Quarters ended May 31,

Nine months ended May 31,

($000s, except percentages)

2007

2006

Change

2007 2006

Change

Revenue $ 240,612 $

153,956 56.3 $

694,566 $ 445,126 56.0

Operating costs 142,738 88,145 61.9 417,671 256,620 62.8

Management fees - COGECO Inc.

- 2,567 - 8,568 8,392 2.1

Operating income before amortization

97,874 63,244 54.8 268,327 180,114 49.0

Operating margin 40.7 %

41.1 %

38.6 % 40.5 %

Revenue

In the third quarter of fiscal 2007, consolidated revenue grew by $86.7 million, or 56.3%, to reach

$240.6 million and by $249.4 million, or 56% to reach $694.6 million for the first nine months of 2007.

These increases are mainly due to strong RGU growth, to the consolidation of the financial results of

the Portuguese operations acquired on August 1, 2006 and to rate increases. Canadian operations

revenue, driven by an increased number of customers in basic, HSI, Digital Telephony and Digital

Television services as well as rate increases, went up by $28.8 million, or 18.7% in the third quarter

and by $80.5 million, or 18.1%, in the first nine months of fiscal 2007. The Portuguese operations

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revenue amounted to $57.8 million for the third quarter of fiscal 2007 and to $168.9 million for the first

nine months of fiscal 2007.

Operating costs

For the third quarter and the first nine months of fiscal 2007, operating costs excluding management

fees payable to COGECO Inc. increased by $54.6 million and $161.1 million to reach $142.7 million

and $417.7 million respectively, an increase of 61.9% and 62.8% compared to last year. The

increase in operating costs is mainly attributable to the inclusion of the operating costs of Cabovisão

and to servicing additional RGUs, including the increased penetration of Digital Telephony service.

Operating income before amortization

For the third quarter and the first nine months of fiscal 2007, operating income before amortization

increased by $34.6 million, or 54.8%, to reach $97.9 million and by $88.2 million, or 49% to reach

$268.3 million, respectively, as a result of RGU growth, the consolidation of the Portuguese

operations and rate increases outpacing increases in operating costs. Cogeco Cable’s third quarter

and first nine months’ operating margins declined from 41.1% to 40.7% and from 40.5% to 38.6%

respectively as a result of the Digital Telephony deployment in Canada and the consolidation of the

Portuguese operations’ lower operating margin. Considering the improved performance of the

Corporation during the first nine months of fiscal 2007, management has revised upwards its

projections for the fiscal year 2007. Therefore, operating income before amortization should increase

to $368 million. Please consult the ‘’Fiscal 2007 financial guidelines’’ section for further details.

RELATED PARTY TRANSACTIONS

Cogeco Cable is a subsidiary of COGECO Inc., which holds 34.6% of the Corporation’s equity

shares, representing 84.1% of the Corporation’s voting shares. Under a management agreement, the

Corporation pays COGECO Inc. monthly management fees equal to 2% of its total revenue for

certain executive, administrative, legal, regulatory, strategic and financial planning, and additional

services. In 1997, management fees were capped at $7 million per year, subject to annual upward

adjustments based on increases in the Consumer Price Index in Canada. Accordingly, for fiscal

2007, management fees have been set at a maximum of $8.6 million, which has been reached in the

second quarter, and therefore, no management fees were paid in this fiscal third quarter. For fiscal

2006, management fees were set a maximum of $8.4 million fully paid during the first nine month

period and from which $2.6 million were paid in the third quarter. Furthermore, Cogeco Cable granted

319,647 stock options to COGECO Inc.’s employees during the first nine months of fiscal 2007,

compared to 31,743 for the same period last year. Of these 319,647 stock options, 262,400 are

conditional on the achievement of certain yearly financial objectives by the Portuguese subsidiary,

Cabovisão, over a period of three years. Details regarding the management agreement and stock

options granted to COGECO Inc.’s employees are provided in the MD&A of the Corporation’s 2006

annual report. There were no other material related party transactions during the three and nine

month periods ended May 31, 2007 and 2006.

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FIXED CHARGES

Quarters ended May 31, Nine months ended May 31,

($000s, except percentages)

2007 2006 % Change 2007

2006 % Change

Amortization $ 47,278 $ 29,048 62.8 $ 135,159 $ 85,981 57.2

Financial expense 21,273 13,634 56.0 66,045 40,992 61.1

For the third quarter and first nine months of fiscal 2007, amortization amounted to $47.3 million and

$135.2 million respectively, compared to $29 million and $86 million for the same periods last year.

The increase in amortization expense for both periods of fiscal 2007 compared to fiscal 2006 is due

to the consolidation of the financial results of the Portuguese operations and to the increased capital

expenditures arising from customer growth resulting in higher demand for customer premise

equipment, scalable infrastructure, upgrade/rebuild, support capital and deferred charges for the

Canadian operations.

During the third quarter and first nine months of fiscal 2007, financial expense increased by

$7.6 million and $25.1 million respectively, compared to the same periods in fiscal 2006. This is due

to the higher level of Indebtedness (defined as bank indebtedness and long-term debt) required to

finance the acquisition of the Portuguese subsidiary, Cabovisão and to a non-recurring charge of

$2 million during the quarter in connection with its financing.

INCOME TAXES

For the third quarter of fiscal 2007, income taxes amounted to $8.9 million compared to $8.2 million

in fiscal 2006. The increase is mainly due to higher operating income before amortization net of fixed

charges. For the first nine months of fiscal 2007, income taxes amounted to $18.8 million compared

to $21.6 million for the same period last year. The decrease in income taxes for fiscal 2007 is mainly

due to the Canadian operations and is attributable to the elimination of Canadian federal capital tax

on January 1, 2006 and to the recognition in the second quarter of benefits related to prior years’

minimum income tax paid, partly offset by an increase in operating income before amortization

surpassing the increase in fixed charges.

NET INCOME

Net income for the third quarter amounted to $20.4 million, or $0.45 per share, compared to

$12.4 million, or $0.31 per share, for the same period last year. For the nine month period of fiscal

2007, net income amounted to $48.3 million, or $1.14 per share compared to $31.6 million or $0.79

per share for the same period in fiscal 2006. Net income increases in these periods were attributable

to the growth in operating income before amortization partly outpacing the fixed charges increases.

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CASH FLOW AND LIQUIDITY

Quarters ended May 31,

Nine months ended May 31,

($000s)

2007 2006

Operating Activities

Cash flow from operations $

76,416 $

49,696 $

200,740 $

138,025

Changes in non-cash operating items (23,029)

(4,132)

(101,545)

(49,444)

53,387 $

45,564 $

99,195 $

88,581

Investing Activities

(1)

(53,548) $

(16,458) $

(179,801) $

(108,499)

Financing Activities

(1)

(14,920) $

(29,106) $

30,260 $

19,857

Net change in cash and cash equivalents $

(15,081) $

- $

(50,346) $

(61)

Effect of exchange rate changes on cash and cash

equivalents denominated in foreign currencies

(1,774)

1,486

Cash and cash equivalents at beginning

39,511 - 71,516

Cash and cash equivalents at end

22,656 $

(1)

Excludes assets acquired under capital leases.

During the third quarter of fiscal 2007, cash flow from operations reached $76.4 million, 53.8% higher

than for the comparable period last year, primarily due to the increase in operating income before

amortization partly offset by the increase in financial expense. Changes in non-cash operating items

generated greater cash outflows than for the same period last year, mainly as a result of a decrease

in accounts payables and accrued liabilities from non recurring payments made by the Portuguese

subsidiary in accordance with the terms of the acquisition. This decrease was partly offset by

decreases in accounts and income tax receivables.

During the first nine months of fiscal year 2007, cash flow from operations reached $200.7 million, an

increase of 45.4% compared to the same period the year before, primarily due to the growth in

operating income before amortization partly offset by the increase in financial expense. Changes in

non-cash operating items generated greater cash outflows than for the same period last year, mainly

as a result of a decrease in accounts payable and accrued liabilities from non recurring payments

made by the Portuguese subsidiary in accordance with the terms of the acquisition.

On March 9, 2007, the Corporation and Cable Satisfaction International Inc. came to an agreement

for a final adjustment of the working capital which was still outstanding since the date of acquisition,

and consequently, an amount of $3.3 million was received by the Corporation during the third quarter

of fiscal 2007.

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Investing activities, including capital expenditures segmented according to the National Cable

Television Association (NCTA) standard reporting categories, are as follows:

Quarters ended May 31,

Nine months ended May 31,

($000s)

2007

2006 2007

2006

Customer Premise Equipment

(1)

$ 18,985 $

13,824 $ 76,188 $ 43,430

Scalable Infrastructure

10,940

4,488

31,700

15,103

Line Extensions

2,598

2,606

7,798

7,449

Upgrade / Rebuild

13,936

11,882

41,967

28,488

Support Capital

5,358

980

8,133

5,019

Total Capital Expenditures

(2)

51,817

33,780

165,786

99,489

Deferred charges and others

5,571

4,199

18,790

11,640

Adjustments related to business

acquisition

(3,279)

(1,894) -

Decrease in restricted cash

- (20,322)

(88) -

Total investing activities

54,109

17,657

182,594

111,129

(1)

Includes mainly new and replacement drops as well as home terminal devices.

(2)

Includes capital leases, which are excluded from the statements of cash flow.

Capital expenditures increased during the quarter and first nine months of fiscal 2007 compared to

last year mainly as a result of the following factors:

¾ The capital expenditures from the Portuguese operations amounted to $8.6 million and

$29 million for the third quarter and first nine months of fiscal 2007, respectively, essentially to

support RGU growth.

¾ The increase in customer premise equipment expenditures resulted from a greater demand

for HSI and Digital Telephony services, from a rise in the number of HD terminals and from a

greater ratio of digital terminals per digital home. Furthermore, customer premise equipment

amounting to approximately $8 million was acquired by the Corporation during the first nine

months to serve expected RGU growth.

¾ The growth in capital expenditures for scalable infrastructure was mainly attributable to the

support of the Digital Telephony roll-out for the Canadian operations.

¾ The increase in capital expenditures associated with the network upgrade and rebuild

program for the Canadian operations was due to the acceleration of the program to expand

the bandwidth to 750 MHz and 550 MHz for the Ontario and Québec networks, respectively,

and to improve network reliability. An increase in the number of households with access to

two-way service was also a factor and the percentage of customers with access to two-way

service rose from 92% as at May 31, 2006 to 93% as at May 31, 2007.

The third quarter and first nine months of fiscal 2007 increases in deferred charges are explained by

higher reconnect costs attributable to the significant level of RGU growth.

In the third quarter of fiscal 2007, the Corporation generated free cash flow in the amount of

$18.6 million compared to $11.7 million the preceding year. For the first nine months of fiscal 2007,

the Corporation generated free cash flow in the amount of $15.7 million compared to $26.9 million for

the same period the year before. The third quarter free cash flow increase over the same peri od last

year is due to growth in operating income before amortization, partly offset by higher level of capital

expenditures and deferred charges to serve RGU growth and to support Digital Telephony service

roll-out and by the increase in financial expense. The first nine months of fiscal 2007, free cash flow

decrease compared to the same period in 2006 is due to several factors: a higher level of capital

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expenditures (including the acquisition of customer premise equipment amounting to approximately

$8 million to serve expected RGU growth), deferred charges generated by RGU growth and to

support the Digital Telephony service roll-out, and by the increase in financial expense. These factors

were partly offset by the growth in operating income before amortization.

During the third quarter of fiscal 2007, the level of Indebtedness decreased by $13.6 million. The

decrease in the level of Indebtedness is due to the generated free cash flow of $18.6 million and the

net change of $16.9 million in cash and cash equivalents partly offset by a decline of $23 million in

non-cash operating items. For the same period last year, Indebtedness decreased by $27.5 million

mainly due to free cash flow of $11.7 million and a net decrease in restricted cash of $20.3 million

partly offset by a decline in non-cash operating items of $4.1 million. In addition, a dividend of $0.06

per share for subordinate and multiple voting shares, totalling $2.7 million, was paid during the third

quarter of fiscal 2007 compared to a dividend of $0.04 per share or $1.6 million for the third quarter of

fiscal 2006.

During the first nine month period of fiscal 2007, the level of Indebtedness decreased by

$153.1 million. The decrease in the level of Indebtedness is due to the completion of a public offering

of 5,000,000 subordinate voting shares for a net proceeds of approximately $184.2 million, the

generated free cash flow of $15.7 million and the net change of $48.9 million in cash and cash

equivalents, partly offset by a decline of $101.5 million in non-cash operating items. For the same

period last year, Indebtedness grew by $24.5 million mainly due to a decline in non-cash operating

items of $49.4 million partly offset by generated free cash flow of $26.9 million. In addition, dividends

totalling $6.7 million were paid during the first nine months of fiscal 2007 compared to $4.8 million for

the same period the year before.

As at May 31, 2007, the working capital deficiency was reduced by an amount of $175 million

compared to August 31, 2006, mainly as a result of the $184.2 million net proceeds of the share

issuance being used to reimburse the Senior Secured debentures Series A and to the repayment of

certain suppliers subsequent to the Cabovisão acquisition. Cogeco Cable maintains a working capital

deficiency due to a low level of accounts receivable since the majority of the Corporation’s customers

pay before their services are rendered, contrary to accounts payable and accrued liabilities, which

are paid after products or services are rendered. In addition, the Corporation generally uses cash and

cash equivalents to reduce Indebtedness.

As at May 31, 2007, the Corporation had used $606 million of its $900 million Term Facility.

FINANCIAL POSITION

Since August 31, 2006, there have been major changes to ‘’Fixed Assets’’, ‘’Preliminary Goodwill’’,

‘’Accounts Payable and accrued liabilities’’, “Accounts receivable”, ‘’Indebtedness’’, ‘’Cash and cash

equivalents’’, “Capital Stock”, ‘’Foreign currency translation adjustment’’ and ‘’Future income tax

liabilities’’.

The $51.6 million rise in fixed assets is mainly related to increased capital expenditures to sustain

RGU growth during the first nine months as well as anticipated growth in the coming months. The

increase of $1 million in preliminary goodwill is mainly the result of the appreciation of the euro

currency over the Canadian dollar partly offset by adjustments of $6.2 million to the purchase price

following the resolution of the working capital adjustments and the reevaluation of costs related to the

acquisition of Cabovisão. The $4.4 million increase in accounts receivable is essentially due to an

increase in the general level of receivables in line with the revenue growth and to the euro currency

appreciation over the Canadian dollar. The $95.7 million and $48.9 million reductions in accounts

payable and accrued liabilities and cash and cash equivalents respectively, are related to payments

made with regards to the acquisition of Cabovisão. The $1.2 million increase in foreign currency

translation adjustment is the result of the appreciation of the euro currency over the Canadian dollar.

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The $9.3 million increase in Future income tax liabilities is mainly due to the utilization of income tax

losses. Indebtedness decreased by $141.2 million as a result of the factors previously discussed in

the “Cash Flow and Liquidity” section. Finally, capital stock increased by $199.2 million mostly due to

the completion of a public offering of 5,000,000 subordinate voting shares for gross proceeds of

$192.5

million.

A description of Cogeco Cable’s share data as of June 30, 2007 is presented in the table below:

Number of

shares/options

Amount

($000s)

Common Shares

Multiple voting shares

Subordinate voting shares

15,691,100

29,621,029

98,346

731,344

Options to Purchase Subordinate Voting Shares

Outstanding options

Exercisable options

985,272

286,551

The number of outstanding options has increased significantly during the first nine months of fiscal

2007. With regards to the acquisition of Cabovisão, the Corporation granted 376,000 conditional

stock options with an exercise price of $26.63. These options vest over a period of three years

beginning one year after the day such options are granted and are exercisable over ten years. The

vesting of these options is conditional to the achievement of certain yearly financial objectives by the

Portuguese subsidiary over a period of three years

In the normal course of business, Cogeco Cable has incurred financial obligations, primarily in the

form of long-term debt, operating and capital leases and guarantees. Cogeco Cable’s obligations,

discussed in the 2006 annual MD&A, have not materially changed since August 31, 2006 except for

the repayment of the $125 million Second Secured Debentures Series A and the partial repayment of

approximately $26.4 million of the $900 million Term Facility discussed in the “Cash Flow and

Liquidity” section. Furthermore, during the second quarter of fiscal 2007, the Corporation has

guaranteed the payment by Cabovisão of certain taxes for municipal rights of way assessed by the

Municipality of Seixal in Portugal for the years 2004 and 2005 totalling €5.7 million (the «Tax

Amounts»), which are currently being challenged by Cabovisão. Trustworthy financial guarantees

were required under applicable Portuguese law in order for Cabovisão to challenge the Tax Amounts

and withhold payment thereof until a final judgment, no longer subject to appeal, is rendered by the

Portuguese courts having jurisdiction in this matter. As a result, the Corporation may be required to

pay, upon written demand by the Municipality of Seixal, the required amounts following final judgment

up to a maximum aggregate amount of €5.7 million, should Cabovisão fail to pay such required

amounts.

DIVIDEND DECLARATION

At its July 6, 2007 meeting, the Board of Directors of Cogeco Cable declared a quarterly eligible

dividend of $0.08 per share for subordinate and multiple voting shares, payable on August 3, 2007, to

shareholders of record on July 20, 2007. Continued improvement of the Corporation’s financial

results explains the 33% increase of the dividend from $0.06 to $0.08 per share.

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FOREIGN EXCHANGE MANAGEMENT

Cogeco Cable has entered into cross-currency swap agreements to set the liability for interest and

principal payments on its US$150 million Senior Secured Notes. These agreements have the effect

of converting the US interest coupon rate of 6.83% per annum to an average Canadian dollar ﬁxed

interest rate of 7.254% per annum. The exchange rate applicable to the principal portion of the debt

has been ﬁxed at CDN$1.5910. Amounts due under the US$150 million Senior Secured Notes

Series A decreased by CDN$5.4 million at the end of the third quarter compared to August 31, 2006

due to the Canadian dollar’s appreciation. Since the Senior Secured Notes Series A are fully hedged,

the fluctuation is offset by a variation in deferred credit described in Note 7 of the third quarter 2007

interim financial statements. The CDN$78.2 million deferred credit represents the difference between

the quarter-end exchange rate and the exchange rate on the cross-currency swap agreements,

which determine the liability for interest and principal payments on the Senior Secured Notes Series

As noted in the MD&A of the 2006 annual report, the Corporation’s investment in the Portuguese

subsidiary, Cabovisão, is exposed to market risk attributable to fluctuations in foreign currency

exchange rate, primarily changes in the values of the Canadian dollar versus the euro. This risk is

mitigated since the major part of the purchase price for Cabovisão was borrowed directly in euros.

This debt is designated as a hedge of net investments in self-sustaining foreign subsidiaries and

accordingly the Corporation realized a foreign exchange gain of CDN$1.2 million in the first nine

months of fiscal 2007 which is deferred and recorded in the foreign currency translation adjustment.

The exchange rate used to convert the euro currency into Canadian dollar for the balance sheet

accounts as at May 31, 2007 was $1.4392 per euro compared to $1.4156 per euro as at August 31,

2006. The average exchange rate prevailing during the third quarter and the first nine months of

fiscal 2007 used to convert the operating results of the Portuguese operations were $1.5202 per euro

and $1.4946 per euro, respectively.

CANADIAN OPERATIONS

CUSTOMER STATISTICS

Net additions (losses) % of Penetration

(1) (4)

Quarters ended

May 31,

Nine months ended

May 31,

2007

2007 2006 2007 2006 2007 2006

RGUs

(2)

1,748,852 35,768 48,081 192,916 163,960

Basic service customers

851,784 (2,910)

(3,349)

18,607 11,059

HSI service customers

(3)

403,473 11,030 12,378 60,393 52,831 50.7 43.1

Digital Television service customers

371,132 8,583 23,635 43,768 69,597 44.5 38.8

Digital Telephony service customers

122,463 19,065 15,417 70,148 30,473 18.5 7.6

(1)

As a percentage of basic service customers in areas served.

(2)

Represent the sum of basic service, HSI service, Digital Television service and Digital Telephony service customers.

(3)

Customers subscribing only to HSI or Digital Telephony services totalled 66,072 as at May 31, 2007 compared to 60,786 as at May 31, 2006.

(4)

An audit of homes passed in Ontario was completed during the first quarter of fiscal 2007 and, as a result, the number of homes passed was

reduced by 42,386.

RGU’s generated lower growth in the third quarter of 2007 compared to the same period last year

mainly due to slower growth of Digital Television service. During the third quarter, Digital Telephony

customers grew by 19,065 to reach 122,463 compared to a growth of 15,417 for the same period last

year. This growth is mostly attributable to the launch of the service in new markets and increased

penetration in areas where the service is offered. Coverage of homes passed has now reached 77%

compared to 50% last year. The net losses of basic service customers in the third quarter reached

2,910, compared to 3,349 for the same period last year, mainly due to students leaving campuses at

the end of the school year. The number of net additions to HSI service stood at 11,030 compared to

- 12 -

12,378 for the same period last year. The growth in HSI customers during the quarter and the

reduction of net losses for basic service customers compared to the same period last year is mostly

due to the enhancement of the product offering, the impact of the bundled offer of Television, HSI

and Digital Telephony services (Cogeco Complete Connection), and promotional activities.

The net additions of Digital Television service customers stood at 8,583 compared to 23,635 for the

same period last year. The decrease in net additions this quarter compared to the same quarter last

year reflects a maturing of the digital TV segment following a period of robust growth, especially in

the second and third quarters of fiscal 2006. Nevertheless, customers continue to demonstrate strong

interest in HD technology. Furthermore, the Corporation adjusted the service offering and price gap

differential between analogue TV services and Digital Television services in the second half of fiscal

2006 which has also contributed to a moderation of the strong growth experienced in the first nine

months of fiscal 2006.

OPERATING RESULTS

Quarters ended May 31,

Nine months ended May 31,

($000s, except percentages)

2007 2006

Change

2007 2006

Change

Revenue $ 182,763 $

153,956 18.7 $

525,620 $ 445,126 18.1

Operating costs 103,778 88,145 17.7 305,733 256,620 19.1

Management fees - COGECO Inc.

- 2,567 - 8,568 8,392 2.1

Operating income before amortization

78,985 63,244 24.9 211,319 180,114 17.3

Operating margin 43.2 %

41.1 %

40.2 % 40.5 %

Revenue

For the third quarter and the first nine months, revenue rose by $28.8 million and $80.5

million to

reach $182.8 million and $525.6 million respectively, an increase of 18.7 % and 18.1% compared to

fiscal 2006. This growth is explained mainly by an increase in the number of HSI, Digital Telephony

and Digital Television service customers as mentioned in the “Customer Statistics” section, together

with rate increases implemented in June and August of 2006 as well as in March and April of 2007.

Monthly rate increases of at most $3 per customer and averaging $2 per basic service customer took

effect on June 15, 2006 in Ontario and on August 1, 2006 in Québec. During fiscal 2007, monthly

rate increases of $3 per Digital Television customer were effective in March 2007 in Ontario and in

April 2007 in Quebec. In Ontario Analogue Value Pak rate was also increased by $1.50 per customer

effective in April 2007. The rate increases implemented in fiscal 2007 represent approximately an

average of $1.25 per basic service customer.

Operating costs

For the third quarter and the first nine months, operating costs, excluding management fees payable

to COGECO Inc., increased by $15.6 million and $49.1 million to reach $103.8 million and

$305.7

million respectively, an increase of 17.7% and 19.1% compared to last year. The increase in

operating costs is mainly attributable to the increased penetration of Digital Telephony service and to

servicing additional RGUs.

- 13 -

Operating income before amortization

For the third quarter and the first nine months of fiscal 2007, operating income before amortization

rose from $63.2 million to $79 million and from $180.1 million to $211.3 million respectively,

representing increases of 24.9% and 17.3%, compared to the same periods last year. The rise in

operating income before amortization is the result of increased revenue outpacing the rise in

operating costs. In addition, Cogeco Cable’s operating margin for the Canadian operations increased

from 41.1% to 43.2% in the third quarter of fiscal 2007 due to new rate increases implemented during

the quarter and to management fees that were fully paid at the end of the second quarter of fiscal

2007. For the first nine months of fiscal 2007, operating margin slightly decreased from 40.5% to

40.2% mainly as a result of the deployment of the Digital Telephony service.

PORTUGUESE OPERATIONS

CUSTOMER STATISTICS

Net additions % of Penetration

(1)

May 31, 2007

Quarter ended

May 31,

2007

Nine months

ended May 31,

2007

May 31,

2007

RGUs

(2)

687,237 16,666

58,196

Basic service customers

289,247 5,694

19,553

HSI service customers

157,087 5,424

20,809

54.3

Telephony service customers

240,903 5,548

17,834

83.3

(1)

As a percentage of basic service customers in areas served.

(2)

Represent the sum of basic service, HSI service and Telephony service customers.

For the third quarter, all services generated customer growth as anticipated from the Corporation’s

guidelines. Basic service grew by 5,694 customers, HSI by 5,424 customers and Telephony by 5,548

customers.

OPERATING RESULTS

Quarter ended May 31,

Nine months ended May 31,

($000s, except percentages)

2007

Revenue $

57,849 $ 168,946

Operating costs 38,960 111,938

Operating income before amortization 18,889 57,008

Operating margin 32.7 %

33.7 %

Revenue

Revenue for the third quarter and the first nine months of fiscal 2007 amounted to $57.8 million and

$168.9 million respectively. The average exchange rate prevailing during the third quarter of fiscal

2007 used to convert the operating results of the foreign subsidiaries was $1.5202 per euro and

$1.4946 per euro for the first nine month period compared to $1.50 per euro as per management’s

revised projections last April. Monthly rate increases of at most $3 (€2) per HSI and Telephony

- 14 -

customer, averaging $1 per basic customer, took effect on November 1, 2006 and of $1 (€0.65) per

basic service customer was effective in March 2007.

Operating costs

For the third quarter and the first nine months, operating costs amounted to $39 million and to

$111.9 million, which meet management’s guidelines.

Operating income before amortization

For the third quarter and the first nine months of fiscal 2007, operating income before amortization

stood at $18.9 million and $57 million respectively, which meet management’s objectives. The

operating margin for the Portuguese operations stood at 32.7% in the third quarter of fiscal 2007 and

at 33.7% for the first nine month period of fiscal 2007.

FISCAL 2007 AND FISCAL 2008 FINANCIAL GUIDELINES

Fiscal 2007 financial guidelines

Given the performance of the Corporation during the first nine months of fiscal 2007, management

has revised its guidelines for fiscal year 2007.

Subsequent to these adjustments, projected revenue is reduced while operating income before

amortization and net income were revised upward. Operating margin should essentially remain the

same. Revenue is reduced to reflect the improvement of the Canadian dollar compared to the euro

currency and as a result, for guideline purposes, the euro is converted at an average rate of $1.4250

per euro while the Corporation was using an average rate of $1.50 per euro last April. The operating

income before amortization increases due to the reduction in operating costs.

The Corporation should generate free cash flow of $20 million and projected net income should stand

at about $68 million due to operating income before amortization improvement and reduction in the

expected amortization expense from $192 million to $185 million.

In furtherance of its existing line of business and external growth strategy, the Corporation may

investigate further cable system acquisition opportunities, including cable systems located outside

Canada over time.

- 15 -

Consolidated

($ million, except customer data)

Revised

Projections

July 6, 2007

Fiscal 2007

Revised

Projections

April 11, 2007

Fiscal 2007

Financial Guidelines

Revenue 940 945

Operating income before amortization 368 365

Operating margin About 39% About 39%

Financial expense 85 85

Amortization 185 192

Net income 68 60

Capital expenditures and deferred charges 260 260

Free cash flow 20 15

Customer Addition Guidelines

Basic service 39,000 37,000 to 40,000

HSI service 93,000 85,000 to 90,000

Digital Television service 52,000 60,000 to 65,000

Telephony service 113,000 105,000 to 110,000

RGUs 297,000 287,000 to 305,000

Canadian operations

($ million, except customer data)

Revised

Projections

July 6, 2007

Fiscal 2007

Revised

Projections

April 11, 2007

Fiscal 2007

Financial Guidelines

Revenue 715 713

Operating income before amortization 292 286

Operating margin About 41% About 40%

Capital expenditures and deferred charges 215 215

Customer Addition Guidelines

Basic service 14,000 12,000 to 15,000

HSI service 68,000 60,000 to 65,000

Digital Television service 52,000 60,000 to 65,000

Telephony service 88,000 80,000 to 85,000

RGUs 222,000 212,000 to 230,000

Portuguese operations

(€ and $ million, except customer data)

Revised

Projections

July 6, 2007

Fiscal 2007

(€)

Revised

Projections

July 6, 2007

Fiscal 2007

(Canadian $)

Revised

Projections

April 11, 2007

Fiscal 2007

(€)

Revised

Projections

April 11, 2007

Fiscal 2007

(Canadian $)

Financial Guidelines

Revenue 152 225 155 232

Operating income before amortization 52 76 53 79

Operating margin About 34% About 34% About 34% About 34%

Capital expenditures and deferred charges 30 45 30 45

Customer Addition Guidelines

Basic service 25,000 25,000

HSI service 25,000 25,000

Telephony service 25,000 25,000

RGUs 75,000 75,000

The exchange rate used for July 2007 projections is $1.4250 per euro for the last quarter of fiscal

2007 compared to $1.50 per euro for the April 2007 projections.

- 16 -

Fiscal 2008 preliminary outlook

For fiscal 2008, Cogeco Cable expects strong revenue and operating income before amortization

growth. The revenue increase of approximately 12% should come from the combined Canadian and

Portuguese operations. The Canadian operations revenue should increase by approximately 13%

from continued deployment of Digital Telephony service, by expanded penetration of HSI service in

fiscal 2007 and 2008, as well as Digital Television services. In addition, rate increases implemented

in March 2007 in Ontario and in April 2007 in Quebec, of at most $3 per customer and averaging $1

per basic service customer for both divisions and by $1.50 per Ontario Analogue Value Pak customer

implemented in April 2007. Cogeco Cable plans to expand its Canadian basic service clientele

through consistently effective marketing, competitive product offering and superior customer service.

As the penetration of HSI and Digital Television services increase, the demand for these products

should slow down but should be offset by increased demand for Digital Telephony service. Revenue

from the Portuguese operations should increase by approximately 11% from €152 million to

€168 million mainly from rate increases of approximately €0.65 (CDN$1) per basic service customer

implemented in March 2007, by additional rate increases during fiscal 2008, by sustained RGU

growth from fiscal 2007 and 2008 and from the launch of Digital Television service in late Fiscal

2007. However, the Portuguese operations should contribute to approximately 7% in revenue growth

due to the effect of foreign exchange translation. For fiscal 2007, the expected Canadian dollar value

of the euro should be approximately $1.48 while for fiscal 2008, the euro should be converted at a

rate of $1.4250.

Growth in revenue and sustained cost control should help achieve a significant increase in operating

income before amortization by approximately 15%. Cogeco Cable expects to achieve an operating

margin of approximately 40% to 41%.

Cogeco Cable expects the amortization of capital assets and deferred charges to increase by

$30 million, mainly due to capital expenditures and deferred charges for RGU additions in fiscal 2007

and 2008. Management expects that cash flows generated by operations will finance capital

expenditures and deferred charges, expected to amount to $260 million, essentially the same as for

fiscal 2007. The Corporation expects to generate free cash flow in the order of $60 million, an

increase of approximately $40 million compared to fiscal 2007 projections. Generated free cash flow

should be used primarily to reduce Indebtedness, thus improving the Corporation’s leverage ratios.

Given the anticipated decrease in Indebtedness, financial expense will slightly decline. Net income of

approximately $90 million should be achieved as a result of growth in operating income before

amortization exceeding the increase in fixed charges.

- 17 -

Consolidated

($ million, except customer data)

Preliminary

Projections

Fiscal 2008

Financial Guidelines

Revenue 1,050

Operating income before amortization 425

Operating margin 40% to 41%

Financial expense 80

Amortization 215

Net income 90

Capital expenditures and deferred charges 260

Free cash flow 60

Customer Addition Guidelines

Basic service 30,000

HSI service 75,000

Digital Television service 54,000

Telephony service 100,000

RGUs 259,000

Canadian operations

($ million, except customer data)

Preliminary

Projections

Fiscal 2008

Financial Guidelines

Revenue 810

Operating income before amortization 338

Operating margin About 41%

Capital expenditures and deferred charges 215

Customer Addition Guidelines

Basic service 10,000

HSI service 55,000

Digital Television service 45,000

Telephony service 80,000

RGUs 190,000

Portuguese operations

(€ and $ million, except customer data)

Preliminary

Projections

Fiscal 2008

(€)

Preliminary

Projections

Fiscal 2008

(Canadian $)

Financial Guidelines

Revenue 168 240

Operating income before amortization 61 87

Operating margin About 36% About 36%

Capital expenditures and deferred charges 32 45

Customer Addition Guidelines

Basic service 20,000

HSI service 20,000

Digital Television service 9,000

Telephony service 20,000

RGUs 69,000

The exchange rate used for Fiscal 2008 preliminary projections is $1.4250 per euro.

- 18 -

UNCERTAINTIES AND MAIN RISK FACTORS

There has been no significant change in the risk factors and uncertainties facing Cogeco Cable as

described in the Corporation’s MD&A of the 2006 annual report.

ACCOUNTING POLICIES AND ESTIMATES

There has been no significant change in Cogeco Cable’s accounting policies and estimates and

future accounting pronouncements since August 31, 2006. A description of these policies and

estimates can be found in the Corporation’s 2006 annual MD&A.

NON-GAAP FINANCIAL MEASURES

This section describes Non-GAAP financial measures used by Cogeco Cable throughout this MD&A.

It also provides reconciliations between these Non-GAAP measures and the most comparable GAAP

financial measures. These financial measures do not have standard definitions prescribed by

Canadian GAAP and may not be comparable with similar measures presented by other companies.

These measures include “cash flow from operations” and “free cash flow”.

Cash flow from operations

Cash flow from operations is used by Cogeco Cable’s management and investors to evaluate cash

flow generated by operating activities excluding the impact of changes in non-cash operating items.

This allows the Corporation to isolate the cash flow from operating activities from the impact of cash

management decisions. Cash flow from operations is subsequently used in calculating the Non-

GAAP measure, “free cash flow”. Cash flow from operations is calculated as follows:

($ 000)

Quarters ended May 31, Nine months ended May 31,

2007

2006

2007

2006

Cash flow from operating activities $ 53,387 $ 45,564 $ 99,195 $ 88,581

Changes in non-cash operating items

23,029

4,132

101,545 49,444

Cash flow from operations $ 76,416 $ 49,696 $ 200,740 $ 138,025

Free cash flow

Free cash flow is used, by Cogeco Cable’s management and investors, to measure its ability to repay

debt, distribute capital to its shareholders and finance its growth. Free cash flow is calculated as

follows:

($ 000) Quarters ended May 31, Nine months ended May 31,

2007 2006 2007 2006

Cash flow from operations

76,416 $

49,696 $

200,740 $ 138,025

Acquisition of fixed assets

(51,256)

(32,581)

(162,993) (96,859)

Increase in deferred charges

(6,000)

(4,229)

(19,258) (11,678)

Assets acquired under capital leases – as per

Note 10 b) (561)

(1,199)

(2,793) (2,630)

Free cash flow

18,599 $

11,687 $

15,696 $ 26,858

- 19 -

ADDITIONAL INFORMATION

This MD&A was prepared on July 6, 2007. Additional information relating to the Corporation,

including its Annual Information Form, is available on the SEDAR Web site at www.sedar.com.

ABOUT COGECO CABLE

Cogeco Cable (www.cogeco.ca), a telecommunications company offering a diverse range of services

to its customers in Canada and in Portugal, is the second largest cable operator in Ontario, Québec

and Portugal, in terms of the number of basic cable service customers served. The Corporation

invests in state-of-the-art broadband network facilities, delivers a wide range of services over these

facilities with great speed and reliability at attractive prices, and strives to provide both superior

customer care and growing profitability to satisfy its customers’ varied electronic communication

needs. Through its two-way broadband cable networks, Cogeco Cable provides its residential and

commercial customers with analogue and digital video and audio services, high speed Internet

access as well as telephony services. The Corporation provides about 1,749,000 revenue-generating

units (RGUs) to approximately 1,470,000 homes passed in its Canadian service territory and about

688,000 RGUs to approximately 849,000 homes passed in its Portuguese service territory. Cogeco

Cable’s subordinate voting shares are listed on the Toronto Stock Exchange (CCA).

– 30 –

Source: Cogeco Cable Inc.

Pierre Gagné

Vice President, Finance and Chief Financial Officer

Tel.: (514) 874-2600

Information: Media

Marie Carrier

Director, Corporate Communications

Tel.: (514) 874-2600

Analyst Conference Call: Monda y, Jul y 9, 2007 at 1:30 P.M. (EDT)

Media representatives may attend as listeners only.

Please use the following dial-in number to have access to the

conference call by dialing 10 minutes before the start of the conference:

Canada/USA Access Number: 1-800 811-7286

International Access Number: + 1-913 981-4902

Confirmation Code: 8913434

By Internet at www.cogeco.ca/investors

A rebroadcast of the conference call will be available until July 16, by

dialing:

Canada and US access number: 1- 888 203-1112

International access number: + 1- 719 457-0820

Confirmation code: 8913434

- 20 -

Supplementary Quarterly Financial Information

Quarters ended May 31, February 28, November 30, August 31,

2007

(1)

2006 2007

(1)

2006 2006

(1)

2005 2006

(1)

2005

($000, except percentages

and per share data)

Revenue $ 240,612 $ 153,956 $ 231,952 $

147,757 $ 222,002 $ 143,413 $ 174,875 $ 140,178

Operating income before

amortization

97,874

63,244 86,791 59,568 83,662 57,302 72,864 60,720

Operating margin 40.7 %

41.1 %

37.4 %

40.3 %

37.7 %

40.0 % 41.7 %

43.3 %

Amortization 47,278 29,048 43,572 28,656 44,309 28,277 34,801 29,460

Financial expense 21,273 13,634 23,551 13,776 21,221 13,582 16,374 14,004

Income taxes 8,942 8,191 4,261 6,936 5,597 6,445 (12,298)

6,220

Net income 20,381 12,371 15,407 10,200 12,535 8,998 33,987 11,036

Cash flow from operations 76,416 49,696 62,264 44,940 62,060 43,389 56,714 46,509

Net income per share $ 0.45 $ 0.31 $ 0.37 $

0.26 $ 0.31 $ 0.23 $ 0.85 $ 0.28

(1) Include operating results of Cabovisão since the date of acquisition of control on August 1, 2006.

Cogeco Cable’s operating results are not generally subject to material seasonal ﬂuctuations.

However, the loss of basic service customers is usually greater, and the addition of HSI customers is

generally lower in the third quarter, mainly due to students leaving campuses at the end of the school

year. Cogeco Cable offers its services in several university and college towns such as Kingston,

Windsor, St.Catharines, Hamilton, Peterborough, Trois-Rivières and Rimouski. Furthermore, the third

and fourth quarters’ operating margin is usually higher as lower or no management fees are paid to

COGECO Inc. Under a Management Agreement, Cogeco Cable pays a fee equal to 2% of its total

revenue subject to a maximum amount. For more details, please refer to the ‘’Related Party

Transactions’’ section.

COGECO CABLE INC. - 21 -

Customer Statistics

May 31, August 31,

2007 2006

Homes Passe

Ontario (1) 986 49

1 002 187

Québec 482 851 474 717

Canada 1 469 34

1 476 904

Portugal 848 17

826 369

Total 2 317 520 2 303 273

Revenue Generating Unit

Ontario 1 236 229 1 104 157

Québec 512 623 451 779

Canada 1 748 852 1 555 936

Portugal 687 237 629 041

Total 2 436 089 2 184 977

Basic Service Customer

Ontario 600 192 587 289

Québec 251 592 245 888

Canada 851 78

833 177

Portugal 289 247 269 694

Total 1 141 031 1 102 871

Discretionnary Service Customer

Ontario 472 003 463 783

Québec 201 42

192 895

Canada 673 427 656 678

Portugal - -

Total 673 427 656 678

Pay TV Service Customer

Ontario 90 765 84 425

Québec 41 229 38 455

Canada 131 99

122 880

Portugal 54 042 54 089

Total 186 036 176 969

High Speed Internet Service Customer

Ontario 309 85

269 328

Québec 93 619 73 752

Canada 403 473 343 080

Portugal 157 087 136 278

Total 560 560 479 358

Digital Video Service Customers

Ontario 241 801 213 556

Québec 129 331 113 808

Canada 371 132 327 364

Portugal - -

Total 371 132 327 364

Telephony Service Customer

Ontario 84 382 33 984

Québec 38 081 18 331

Canada 122 463 52 315

Portugal 240 903 223 069

Total 363 366 275 384

(1) An audit of homes passed in Ontario was completed during the first quarter of fiscal 2007 and, as a result,

the number of homes passed was reduced by 42,386

- 22 -

COGECO CABLE INC.

CONSOLIDATED STATEMENTS OF INCOME

Three months ended May 31, Nine months ended May 31,

(In thousands of dollars, except per share data)

2007

2006

2007

2006

(unaudited)

Revenue

Service

$ 239,862

$ 153,381

$ 691,846

$ 443,312

Equipment

750

575

2,720

1,814

240,612

153,956

694,566

445,126

Operating costs

142,738

88,145

417,671

256,620

Management fees – COGECO Inc.

2,567

8,568

8,392

Operating income before amo rtizatio n 97,874

63,244

268,327

180,114

Amortization (note 3)

47,278

29,048

135,159

85,981

Operating income 50,596

34,196

133,168

94,133

Financial expense (note 7)

21,273

13,634

66,045

40,992

Income before income taxes 29,323

20,562

67,123

53,141

Income taxes (note 4)

8,942

8,191

18,800

21,572

Net income $ 20,381

$ 12,371

$ 48,323

$ 31,569

Earnings per share (no t e 5)

Basic

$0.45

$0.31

$ 1.14

$0.79

Diluted

0.45

0.31

1.13

0.79

- 23 -

COGECO CABLE INC.

CONSOLIDATED STATEMENTS OF RETAINED EARNINGS

Nine months ended May 31,

(In thousands of dollars)

2007

2006

(unaudited)

Balance at beginning $ 117,760

$ 58,604

Net income

48,323

31,569

Subordinate voting shares issue costs, net of related income taxes of $2,560

(5,729)

Dividends on multiple voting shares

(2,510)

(1,884)

Dividends on subordinate voting shares

(4,210)

(2,916)

Balance at end $ 153,634

$ 85,373

- 24 -

COGECO CABLE INC.

CONSOLIDATED BALANCE SHEETS

(In thousands of dollars)

May 31,

2007

August 31,

2006

(unaudited)

(audited)

Assets

Current

Cash and cash equivalents

$ 22,656

$ 71,516

Restricted cash

491

569

Accounts receivable

48,155

43,728

Income tax receivable

1,177

Prepaid expenses

6,853

6,265

79,332

122,078

Income tax receivable

1,313

Fixed assets

1,073,119

1,021,538

Deferred charges

49,739

47,327

Customer base (note 6)

989,552

Preliminary goodwill (note 6)

423,152

422,108

$ 2,616,207

$ 2,602,603

Liabilities and Shareholders’ equity

Liabilities

Current

Accounts payable and accrued li abilities

$ 187,413

$ 283,087

Income tax liabilities

797

444

Deferred and prepaid income

28,606

26,652

Current portion of long-term debt (note 7)

2,354

126,851

219,170

437,034

Long-term debt (note 7)

1,173,407

1,190,126

Deferred and prepaid income

11,593

10,525

Pension plan liabilities and accrued employees benefits

3,052

2,091

Future income tax liabilities

226,899

217,636

1,634,121

1,857,412

Shareholders’ equity

Capital stock (note 8)

829,690

630,458

Contributed surplus – stock-based compensation

1,987

1,425

Retained earnings

153,634

117,760

Foreign currency translation adjustment (note 9)

(3,225)

(4,452)

982,086

745,191

$ 2,616,207

$ 2,602,603

- 25 -

COGECO CABLE INC.

CONSOLIDATED STATEMENTS OF CASH FLOW

Three months ended May 31, Nine months ended May 31,

(In thousands of dollars)

2007

2006

2007

2006

(unaudited)

Cash flow from operating activities

Net income

$ 20,381

$ 12,371

$ 48,323

$ 31,569

Items not affecting cash and cash equivalents

Amortization (note 3)

47,278

29,048

135,159

85,981

Amortization of deferred financing costs

532

243

1,713

724

Future income taxes (note 4)

7,861

7,455

13,535

18,598

Stock-based compensation

803

263

2,036

551

Other

(439)

316

(26)

602

76,416

49,696

200,740

138,025

Changes in non-cash oper ating items (note 10a))

(23,029)

(4,132)

(101,545)

(49,444)

53,387

45,564

99,195

88,581

Cash flow from investing activities

Acquisition of fixed assets (not e 10b))

(51,256)

(32,581)

(162,993)

(96,859)

Increase in deferred charges

(6,000)

(4,229)

(19,258)

(11,678)

Decrease in restricted cash

20,322

Adjustments related to business acquisition

3,279

1,894

Other

429

468

(53,548)

(16,458)

(179,801)

(108,499)

Cash flow from financing activities

Increase (decrease) in bank i ndebtedness

(15,081)

7,693

Increase in long-term debt

22,861

18,000

Repayment of long-term debt

(36,475)

(12,425)

(175,947)

(1,202)

Issue of subordinate voting shares

1,434

198,355

166

Subordinate voting shares issue costs

(23)

(8,289)

Dividends on multiple voting shares

(941)

(628)

(2,510)

(1,884)

Dividends on subordinate voting shares

(1,776)

(972)

(4,210)

(2,916)

(14,920)

(29,106)

30,260

19,857

Net change in cash and cas h equivalents (15,081)

(50,346)

(61)

Effect of exchange rate changes on cash and cash

equivalents denominated i n foreign currencies

(1,774)

1,486

Cash and cash equivalents at beginning

39,511

71,516

Cash and cash equivalents at end $ 22,656

$ 22,656

See supplemental cash flow information in note 10.

- 26 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

1. Basis of Presentation

In the opinion of management, the accompanying unaudited interim consolidated financial statements, prepared in

accordance with Canadian generally accepted accounting principles, contain all adjustments necessary to present

fairly the financial position of Cogeco Cable Inc. as at May 31, 2007 and August 31, 2006 as well as its results of

operations and its cash flow for the three and the nine month periods ended May 31, 2007 an d 2006.

While management believes that the disclosures presented are adequate, these unaudited interim consolidated

financial statements and notes should be read in conjunction with Cogeco Cable Inc.’s annual consolidated financial

statements for the year ended August 31, 2006. These unaudited interim consolidated financial statements follow the

same accounting policies as the most recent annual consolidated financial statements.

2. Segmented Information

The Corporation’s activities are comprised of cable, high-speed Internet access and telephony services. The

Corporation considers its cable distribution, high-speed Internet access and telephony activities as a single operating

segment. The Corporation’s activities are carried out in Canada an d in Europe.

The Europe segment includes operating results since the date of the acquisition of control on August 1, 20 06.

The principal financi al information per business segment is pre sente d in the tables below:

Canada Europe Consolidated

Three months ended May 31,

(unaudited)

2007 2006 2007 2006 2007 2006

Revenue $ 182,763 $ 153,956 $ 57,849 $- $ 240,612 $ 153,956

Operating costs 103,778 88,145 38,960 - 142,738 88,145

Management fees -2,567 - - -2,567

Operating income before amortization 78,985 63,244 18,889 - 97,874 63,244

Amortization 33,624 29,048 13,654 - 47,278 29,048

Operating income 45,361 34,196 5,235 - 50,596 34,196

Financial expense 19,191 13,634 2,082 - 21,273 13,634

Income taxes 8,629 8,191 313 - 8,942 8,191

Net income 17,541 12,371 2,840 - 20,381 12,371

Net assets employed

(1) (2)

$ 1,752,858 $ 1,649,631 $ 613,081 $ 561,192 $ 2,365,939 $ 2,210,823

Total assets

(2)

1,889,514 1,842,312 726,693 760,291 2,616,207 2,602,603

Fixed assets

(2)

796,282 741,024 276,837 280,514 1,073,119 1,021,538

Preliminary goodwill

(2)

- - 423,152 422,108 423,152 422,108

Acquisition of fixed assets 43,237 33,780 8,580 - 51,817 33,780

(1)

Total assets less cash and cash equivalents, accounts payable and accrued liabilities, and deferred and prepaid income.

(2)

As at May 31, 2007 and August 31, 2006.

- 27 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

2. Segmented Information (continued)

Canada Europe Consolidated

Nine months ended May 31,

(unaudited)

2007 2006 2007 2006 2007 2006

Revenue $ 525,620 $ 445,126 $ 168,946 $- $ 694,566 $ 445,126

Operating costs 305,733 256,620 111,938 - 417,671 256,620

Management fees 8,568 8,392 - - 8,568 8,392

Operating income before amortization 211,319 180,114 57,008 - 268,327 180,114

Amortization 96,391 85,981 38,768 - 135,159 85,981

Operating income 114,928 94,133 18,240 - 133,168 94,133

Financial expense 64,256 40,992 1,789 - 66,045 40,992

Income taxes 16,086 21,572 2,714 - 18,800 21,572

Net income 34,586 31,569 13,737 - 48,323 31,569

Net assets employed

(1) (2)

$ 1,752,858 $ 1,649,631 $ 613,081 $ 561,192 $ 2,365,939 $ 2,210,823

Total assets

(2)

1,889,514 1,842,312 726,693 760,291 2,616,207 2,602,603

Fixed assets

(2)

796,282 741,024 276,837 280,514 1,073,119 1,021,538

Preliminary goodwill

(2)

- - 423,152 422,108 423,152 422,108

Acquisition of fixed assets 136,815 99,489 28,971 - 165,786 99,489

(1)

Total assets less cash and cash equivalents, accounts payable and accrued liabilities, and deferred and prepaid income.

(2)

As at May 31, 2007 and August 31, 2006.

3. Amortization

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Fixed assets $ 42,268 $ 24,006 $ 120,026 $ 70,434

Deferred charges 5,010 5,042 15,133 15,547

$ 47,278 $ 29,048 $ 135,159 $ 85,981

- 28 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

4. Income Taxes

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Current $ 1,081 $ 736 $ 5,265 $ 2,974

Future 7,861 7,455 13,535 18,598

$ 8,942 $ 8,191 $ 18,800 $ 21,572

The following table provides the reconciliation between Canadian statutory federal and provincial income taxes and

the consolidated income tax expense:

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Income before income taxes $ 29,323 $ 20,562 $ 67,123 $ 53,141

Combined income tax rate 34.96 % 35.09 % 34.96 % 35.09 %

Income taxes at combined income tax rate $ 10,251 $ 7,215 $ 23,466 $ 18,647

Loss or income subject to lower or higher tax rates (707) 45 (473) 137

Increase in income taxes as a result of increase in

substantially enacted tax rates

162

Large corporation tax - 795 - 2,415

Effect of foreign income tax rate differences (788) - (3,037) -

Benefit related to prior years’ minimum income tax paid - - (1,475) -

Other 186 136 319 211

Income taxes at effective income tax rate $ 8,942 $ 8,191 $ 18,800 $ 21,572

- 29 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

5. Earnings per Share

The following table provides a recon ciliation between basic and dilu ted earnings per share:

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Net income $ 20,381 $ 12,371 $ 48,323 $ 31,569

Weighted average number of multiple voting and

subordinate voting shares outstanding

45,254,307

39,992,734

42,290,852

39,989,053

Effect of dilutive stock options

(1)

405,175 204,512 323,832 187,348

Weighted average number of diluted multiple voting and

subordinate voting shares outstanding

45,659,482

40,197,246

42,614,684

40,176,401

Earnings per share

Basic $ 0.45 $ 0.31 $ 1.14 $0.79

Diluted 0.45 0.31 1.13 0.79

(1)

For the three and nine month periods ended May 31, 2007, 713 and 47,845 stock options (143,248 in 2006) were excluded from the calculation

of diluted earnings per share since the exercise price of the options was greater than the average share price of the subordinate voting shares.

- 30 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

6. Customer Base and Preliminary Goodwill

Customer

base

Preliminary

goodwill

(unaudited) (unaudited)

Balance as at August 31, 2006 $ 989,552 $ 422,108

Adjustment to the purchase price

- (6,205)

Foreign currency translation adjustment

- 7,249

Balance as at May 31, 2007 $ 989,552 $ 423,152

On March 9, 2007, the Corporation and Cable Satisfaction International Inc. came to an agreement for a final

adjustment to the working capital which was outstanding since the date of acquisition. According to the agreement,

the Corporation has recorded an account receivable of an amount of €2,194,000 ($3,279,000) in the second quarter

which was received on March 16, 2007 and as a result, the purchase price was reduced accordingly. The remaining

adjustment to the purchase price is due to the reevaluation of costs related to the acquisition of Cabovisão–Televisão

por Cabo, S.A. (“Cabovisão”).

In addition, as mentioned in the Corporation’s 2006 annual consolidated financial statements, management is

currently carrying out a more specific analysis and changes will be made to the allocation of the excess of

consideration over net assets acquired as the information becomes available. For example, since the measurement of

the fair value of fixed assets had not yet been completed at the time of the preliminary allocation, fixed assets have

been presented at cost. The measurement of indefinite and finite-lived intangible assets is also under way.

Furthermore, in accordance with the Portuguese Companies Income Tax Code, accumulated tax losses cannot be

deducted if the ownership of at least 50% of the social capital changes from the moment when the tax losses were

generated, unless an authorization is granted before such change in the ownership takes place. To this effect, a

request for preservation of tax losses was filed by Cabovisão on July 28, 2006. These losses have not been included

in the preliminary purchase price allocation. As a result, the actual amounts allocated to the identifiable assets

acquired and liabilities assumed and the related operating results will vary according to the amounts initially recorded,

and such differences could be significant.

- 31 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

7. Long-Term Debt

Maturity Interest rate

May 31,

2007

August 31,

2006

(unaudited) (audited)

Parent company

Term Facility

Term loan 2011 5.33%

(1)

$ 150,000 $ 150,000

Term loan – €17,358,700 2011 5.00

(1)

24,983 24,573

Revolving loan

Euro currency – €299,500,000 (€317,000,000 as at

August 31, 2006)

2011

5.00

(1)

431,040 448,745

Senior Secured Debentures Series 1 2009 6.75

150,000 150,000

Senior – Secured Notes

Series A – US $150 million 2008 6.83

(2)

160,440 165,795

Series B 2011 7.73

175,000 175,000

Second Secured Debentures Series A 2007

(3)

–

- 125,000

Deferred credit

(4)

2008 –

78,210 72,855

Subsidiaries

Obligations under capital leases 2010 6.42 – 8.18

6,088 5,009

1,175,761 1,316,977

Less: current portion

2,354 126,851

$ 1,173,407 $ 1,190,126

(1)

Average interest rate on debt as at May 31, 2007, including stamping fees.

(2)

Cross-currency swap agreements have resulted in an effective interest rate of 7.254% on the Canadian dollar equivalent of the U.S.

denominated debt.

(3)

On Februar y 2, 2007, the Corpora tion gave a notice of r edemption to purchase o n March 5, 2007 all of its 8.44% Second Secured Debentures

Series A (the “Notes”) in the aggregate principal amount of $125,000,000. Concurrently, the Corporation also made an offer to purchase for

cancellation on February 12, 2007, all of the validly issued and hel d Notes upon receipt by the Trustee of a written notice of acceptance by the

holders of Notes. As a result, a total of $89,257,000 of Notes were redeemed on February 12, 2007, for a total cash consideration of

$91,038,000. The remaining Notes of $35,743,000 were redeemed on March 5, 2007, for a total cash consideration of $36,550,000. The

excess of the redemption price over the aggregate principal amount was recorded as financial expense.

(4)

The deferred credit represents the amount which would have been payable as at May 31, 2007 and August 31, 2006 under cross-currenc y

swaps entered into by the Corporation to hedge Senior Secured Notes Series A denominated in US dollars.

Interest on long-term debt for the three and nine month periods ended May 31, 2007 amounted to $17,944,000 and

$60,523,000 ($13,264,000 and $39,565,000 in 2006).

- 32 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

8. Capital Stock

Authorized, an unlimited number

Class A Preference shares, without voting rights, redeemable by the Corporation and retractable at the option of the

holder at any time at a price of $1 per share, carrying a cumulative preferential cash dividend at a rate of 11% of the

redemption price per year.

Class B Preference shares, without voting rights, could be issued in series.

Multiple voting shares, 10 votes per share.

Subordinate voting shares, 1 vote per share.

May 31,

2007

August 31,

2006

(unaudited) (audited)

Issued

15,691,100 multiple voting shares $ 98,346 $ 98,346

29,621,029 subordinate voting shares (24,308,112 as at August 31, 2006) 731,344 532,112

$ 829,690 $ 630,458

During the period, subordinate voting share transactions were as follows:

Nine months ended Twelve months ended

May 31, 2007 August 31, 2006

(unaudited) (audited)

Number of

Amount

Number of

Amount

Balance at beginning 24,308,112 $ 532,112 24,293,486 $ 531,874

Shares issued for cash consideration 5,000,000 192,500 - -

Shares issued for cash under the Employee Stock Purchase Plan

and the Stock Option Plan

312,917

5,855

14,626

228

Compensation expense previously recorded in contributed

surplus for options exercised

877

Balance at end 29,621,029 $ 731,344 24,308,112 $ 532,112

On February 2, 2007, the Corporation issued 5,000,000 subordinate voting shares for a total consideration of

$192,500,000. Proceeds of this offering, net of issue costs, amounted to $184,211,000.

- 33 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

8. Capital Stock (continued)

Stock-based plans

The Corporation established for the benefit of its employees and those of its subsidiaries, an Employee Stock

Purchase Plan and a Stock Option Plan for certain executives which are described in the Corporation’s annual

consolidated financial statements. During the first nine months, the Corporation granted 201,587 stock options

(126,059 in 2006) with an exercise price of $26.63 to $44.54 ($25.12 to $29.05 in 2006) of which 57,247 stock options

(31,743 in 2006) were granted to COGECO Inc.’s employees. The Corporation also granted 376,000 conditional

stock options with an exercise price of $26.63 of which 262,400 stock options were granted to COGECO Inc.’s

employees. These conditional options vest over a period of three years beginning one year after the day such options

are granted and are exercisable over ten years. The vesting of these options is conditional to the achievement of

certain yearly financial objectives by the Portuguese subsidiary, Cabovisão-Televisão por Cabo, S.A., over a period of

three years. The Corporation records compensation expense for options granted on or after September 1, 2003. As a

result, a compensation expense of $538,000 and $1,439,000 ($207,000 and $573,000 in 2006) was recorded for the

three and nine month periods ended May 31, 2007. If compensation expense had been recognized using the fair

value-based method at the grant date for options granted between September 1, 2001 and August 31, 2003, the

Corporation’s net income and earnings per share for the three and nine month periods ended May 31, 2006 would

have been reduced to the following pro forma amounts:

Three months ended Nine months ended

May 31, 2006 May 31, 2006

(unaudited) (unaudited)

Net income

As reported $ 12,371 $ 31,569

Pro forma 12,350 31,508

Basic earnings per share

As reported $ 0.31 $ 0.79

Pro forma 0.31 0.79

Diluted earnings per share

As reported $ 0.31 $ 0.79

Pro forma 0.31 0.78

The fair value of stock options granted for the nine month period ended May 31, 2007 was $7.39 ($9.44 in 2006) per

option. The fair value of each option granted was estimated at the grant date for purposes of determining stock-based

compensation expense u s ing the Binomial option pricing model based on the following assumptions:

2007 2006

Expected dividend yield

1.27 % 1.27 %

Expected volatility

32 % 39 %

Risk-free interest rate

4.05 % 3.70 %

Expected life in years

4.0 4.0

- 34 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

8. Capital Stock (continued)

As at May 31, 2007, the Corporation had outstanding stock options providing for the subscription of 985,272

subordinate voting shares. These stock options, which include 376,000 conditional stock options, can be exercised at

various prices ranging from $7.05 to $4 4.54 and at various dates up to April 11, 2017.

The Corporation has also adopted a Performance Unit Plan for key employees which is described in the Corporation’s

annual consolidated financial statements and which has been terminated. A compensation expense of $265,000 and

$597,000 ($117,000 and $140,000 as a reduction of expense in 2006) was recorded for the three and nine months

periods ended May 31, 2007 related to this pla n.

9. Foreign Currency Translation Adjustment

The change in the foreign currency translation adjustment included in shareholders’ equity is the result of the

fluctuation in the exchange rates on translation of net investments in self-sustaining foreign operations and foreign

exchange gains or losses related to long-term debt denominated in foreign currency used to hedge net investments.

The net change in foreign currency translation adjustment is as follows:

Nine months ended Twelve months ended

May 31, 2007 August 31, 2006

(unaudited) (audited)

Effect of exchange rate variation on translation of net investments in self-

sustaining foreign subsidiaries

(2,828)

(12,412)

Effect of exchange rate variation on translation of long-term debt designated

as hedge of net investments in self-sustaining subsidiaries (net of income

taxes of $1,703,000 for the twelve month period ended August 31, 2006)

(397)

7,960

$ (3,225) $ (4,452)

10. Statements of Cash Flow

a) Changes in non-cash operating items

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Accounts receivable $ 4,665 $ 146 $ (4,374) $ (2,154)

Income tax receivable 1,679 329 (2,586) (178)

Prepaid expenses (993) (695) (586) (1,264)

Accounts payable and accrued liabilities (28,876) (3,924) (97,382) (47,107)

Income tax liabilities 2 - 349 (678)

Deferred and prepaid income 494 12 3,034 1,937

$ (23,029) $ (4,132) $ (101,545) $ (49,444)

- 35 -

COGECO CABLE INC.

Notes to Consolidated Financial Statements

May 31, 2007

(amounts in tables are in thousands of dollars, except per share data)

10. Statements of Cash Flow (continued)

b) Other information

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Fixed asset acquisitions through capital leases $ 561 $ 1,199 $ 2,793 $ 2,630

Interest paid 25,098 15,822 69,082 43,087

Income taxes paid (received) (681) 407 6,983 3,830

11. Employee Future Benefits

The Corporation and its subsidiaries offer their employees contributory defined benefit pension plans, a defined

contribution pension plan or a collective registered retirement savings plan which are described in the Corporation’s

annual consolidated financi al statements. The total expenses related to these pla ns are as follows:

Three months ended May 31, Nine months ended May 31,

2007 2006 2007 2006

(unaudited) (unaudited) (unaudited) (unaudited)

Contributory defined benefit pension plans $ 230 $ 222 $ 690 $ 618

Defined contribution pension plan and collective

registered retirement savings plan

678 356 1,703 1,115

$ 908 $ 578 $ 2,393 $ 1,733

12. Guarantees

During the second quarter, the Corporation has guaranteed the payment by Cabovisão of certain taxes for municipal

rights of way assessed by the Municipality of Seixal in Portugal for the years 2004 and 2005 totalling €5.7 million (the

“Tax Amounts”), which are currently being challenged by Cabovisão. Trustworthy financial guarantees were required

under applicable Portuguese law in order for Cabovisão to challenge the Tax Amounts and withhold payment thereof

until a final judgment no longer subject to appeal is rendered by the Portuguese courts having jurisdiction in this

matter. As a result, the Corporation may be required to pay, upon written demand by the Municipality of Seixal, the

required amounts following final judgment up to a maximum aggregate amount of €5.7 million ($8.3 million), should

Cabovisão fail to pay such required amounts.

Back to press release

Press release details

COGECO CABLE’S THIRD QUARTER FINANCIAL RESULTS EXCEED EXPECTATIONS; 2007 GUIDANCE REVISED UPWARD

SUSTAINABILITY

Cogeco Fund

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