Source Cable

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Source Cable
Subsidiary
IndustryMedia and Communications
FateMerged into Rogers Communications
FoundedHamilton, Ontario (1974, as SouthMount Cable, Limited)
HeadquartersHamilton, Greater Toronto Area, Niagara Region
ProductsCable TV, Internet, Telecommunications, Broadcasting
WebsiteSource Cable Ltd Official Website

Source Cable (formerly known as Southmount Cable Limited) is one of three main cable television service providers for the city of Hamilton, Ontario. The other two are Rogers Cable (in the former Mountain Cablevision / Shaw territory) and Cogeco. Each company has a monopoly on traditional cable service in a specific part of the city of Hamilton (but all three compete with Bell Fibe TV and the two national satellite providers); Source Cable's service area is south of Limeridge Road to the end of the original Hamilton city limits (south, east and west), as well as newer urbanized areas south of Rymal Road into the former Glancaster.

On October 23, 2014 it was announced that Source Cable had agreed to be acquired by Rogers Communications for $160 million.[1] The transaction was completed at the end of the year, and Source Cable Limited was merged into another Rogers subsidiary on January 1, 2015, ceasing to be a separate corporate entity.[2] However, Rogers has continued to use the "Source Cable" brand in that company's former service area as Rogers begins the integration process.

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References[edit]

  1. ^ "Rogers Communications buys Hamilton cable operator Source for $160 million - Canadian Business - Your Source For Business News". 23 October 2014.
  2. ^ Canadian Radio-television and Telecommunications Commission (2015-04-30). "Rogers - Distribution (ownership chart)" (PDF). Retrieved 2015-06-27.

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