Quebecor Media Inc. Seeks Participation in Wireless Spectrum Auction
March 13 2008 - 11:56AM
Marketwired
MONTREAL, QUEBEC of spectrum to be auctioned would be reserved
for new entrants in the wireless market. The purpose of the
decision was to increase competition in the Canadian market, which
has lagged behind other countries in terms of technology,
penetration levels and consumer pricing.
If the Quebecor Media application is accepted - a decision will
be known on March 31 - the company will bid for spectrum across
Canada.
"We have always stated clearly that our Videotron subsidiary
planned to build its own wireless network to serve the Quebec
market. However, exceptionally favourable conditions for new
entrants, which may never occur again, persuaded us it is in the
interest of our shareholders that we try to extend our deployment
across Canada. We will see at the conclusion of the auction if such
a deployment is possible," said the president and CEO of Quebecor
Inc., Pierre Karl Peladeau.
The auction opens on May 27, 2008.
About Quebecor Media Inc.
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:
QBR.A)(TSX: QBR.B), a communications company with operations in
North America, Europe and Asia. Quebecor Media owns operating
companies in numerous media-related businesses: Videotron Ltd., the
largest cable operator in Quebec and a major Internet Service
Provider and provider of telephone and business telecommunications
services; Sun Media Corporation, the largest publisher of
newspapers in Canada; Quebecor MediaPages, a publisher of print and
online directories; TVA Group Inc., operator of the largest
French-language over-the-air television network in Quebec, a number
of specialty channels, and the English-language over-the-air
station Sun TV; Canoe Inc., operator of a network of English- and
French-language Internet properties in Canada; Nurun Inc., a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia; magazine publisher TVA
Publishing Inc.; book publisher and distributor Quebecor Media Book
Group Inc.; Archambault Group Inc. and TVA Films, companies engaged
in the production, distribution and retailing of cultural products,
and Le SuperClub Videotron ltee, a DVD and console game rental and
retail chain.
Contacts: Quebecor Inc. Luc Lavoie Executive Vice President,
Corporate Affairs Office: 514-380-1974 Portable: 514-947-6672
lavoie.luc@quebecor.com
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