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( C ) CoGeco News Release FOR IMMEDIATE RELEASE • • COGECO RELEASES ITS FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2021 Revenue increased by 6.9 % ( 8.5 % in constant currency ( ¹ ) ) compared to the same period of the prior year to reach $ 653.2 million ; Adjusted EBITDA ( ¹ ) reached $ 308.4 million , an increase of 10.3 % ( 11.8 % in constant currency ) ; • • • Free cash flow ( 1 ) reached $ 140.6 million , an increase of 12.4 % ( 12.8 % in constant currency ) ; Cogeco Communications announced the acceleration of high - speed Internet network expansion in Québec in collaboration with the provincial and federal governments ; Cogeco Communications completed the acquisition of DERYtelecom , the third largest cable provider in the province of Québec ; and • A quarterly eligible dividend of $ 0.545 was declared . Montréal , April 13 , 2021 - Today , Cogeco Inc. ( TSX : CGO ) ( " Cogeco " or the " Corporation " ) announced its financial results for the second quarter ended February 28 , 2021 , in accordance with International Financial Reporting Standards ( " IFRS " ) . OPERATING RESULTS For the second quarter of fiscal 2021 : • Revenue increased by 6.9 % to reach $ 653.2 million . On a constant currency basis , revenue increased by 8.5 % , mainly explained as follows : Canadian broadband services revenue increased by 10.1 % as a result of the DERYtelecom acquisition completed on December 14 , 2020 , the cumulative effect of sustained demand for residential high speed Internet since the beginning of the pandemic , and rate increases implemented for certain services , partly offset by a decline in video service customers . Excluding the acquisition of DERYtelecom , revenue in constant currency increased by 2.9 % ; and American broadband services revenue increased by 9.5 % in constant currency resulting mainly from a higher Internet service customer base , rate increases implemented for certain services and the impact of the Thames Valley Communications acquisition completed on March 10 , 2020. Excluding the acquisition of Thames Valley Communications , revenue in constant currency increased by 8.0 % ; partly offset by lower revenue in the media activities due to a decline of the radio advertising market resulting directly from the COVID - 19 pandemic . ( 1 ) The indicated terms do not have standardized definitions prescribed by IFRS and , therefore , may not be comparable to similar measures presented by other companies . For more details , please consult the " Non - IFRS financial measures " section of this press release , including reconciliation to the most comparable IFRS financial measures .