MetroCast: MetroCast buy pricey but 'makes sense' for Cogeco, which needs to get out of Canada, analyst says

The purchase of MetroCast through its Atlantic Broadband subsidiary was "not cheap" at $1.4 billion, but makes "strategic sense" for Quebec-based Cogeco Communications as it seeks to expand in a U.S. market less fraught with fiber competition than Canada, said Barclays analyst Phillip Huang.