Cogeco Cable, one of Canada's largest cablecos, seems well on its way to reaching its "ambitious" target of 8,000 telephony subscribers by the end of fiscal 2006 after moving into four new markets today. Apologies for the tongue in cheek tone of this post but doesn't it seem strange that Cogeco has adopted such an ultra-conservative approach when the rest of the cable industy is so gung-ho on telephony? It's one thing to offer telephone service at a premium price like Shaw ($55 a month) but quite another to carefully tip-toe into a market with such good growth potential.