FENELON FALLS, ON: Today, Rogers Communications and Cable Cable announced a joint agreement that would see Rogers acquire Cable Cable, a family-owned and locally operated company based out of Fenelon Falls Ontario.
“Cable Cable has been a cornerstone of our local communities since its’ inception in 1983,” said Michael Fiorini, CEO of Cable Cable. “From a small cable startup serving a single community to a multi-service telecom serving thousands; it has been quite the journey. I attribute our many years of growth and success to the committed local staff who have worked tirelessly to ensure we offer the best experiences possible for our customers. The decision to pass on this legacy was a challenging one, but I know that with Rogers at the helm even greater things will be possible.”
Cable Cable currently provides Internet, television, and home phone services to over 6,000 residents and businesses across the City of Kawartha Lakes Region. The company will continue to lead the business until it becomes a wholly owned subsidiary of Rogers Communications. During this time, there will be no changes for customers, and they will continue to experience the same great products and service as they do today. Rogers is committed to continuing Cable Cable’s strong local presence and all employees will be invited to remain with the company.
“We are thrilled to have the Cable Cable team and customers join the Rogers family and carry on the incredible legacy that Michael and his father Tony have built over the past 38 years,” said Ron McKenzie, Senior Vice President, Technical Operations at Rogers. “We look forward to working with the hometown team and building on the great service they deliver, while investing in the community to connect even more Kawartha Lakes families and businesses to the latest products and services.”
Rogers and Cable Cable recognize how important it is to deliver reliable, high-speed rural broadband and world-class products and services. Over the coming months, the companies will share plans to offer local customers additional Internet and entertainment services, including Rogers leading IPTV service, Ignite TVTM. Rogers is also committed to continuing Cable Cable’s current service area expansion plans to connect even more local communities.
Fiorini shares the belief that Rogers’ presence in the Kawartha Lakes Region will help address the lack of broadband access facing many rural areas in Ontario, saying “I look forward to watching Rogers build on our existing footprint to bring their best-in-class products and services to more communities throughout the Kawarthas.”
Piercy Consulting Inc. served as financial advisor to Cable Cable on this transaction.