QBR.A Quebecor Inc

Videotron Ltd. today announced the pricing of its new issuance of C$ Senior
Notes due 2021 in an aggregate principal amount of C$300.0 million. The new
senior notes will be sold at par, will carry a coupon of 6 7/8% and will mature
on July 15, 2021. Videotron intends to use the proceeds of this offering to
finance the redemption and retirement of a portion of its issued and outstanding
6 7/8% Senior Notes due 2014 on or about July 20, 2011, to finance the
settlement and termination of related hedging contracts and for the payment of
related transaction fees and expenses.


This press release is not an offer to sell or the solicitation of an offer to
buy securities in any jurisdiction. The senior notes have not been and will not
be qualified for sale to the public under applicable Canadian securities laws
and, accordingly, any offer and sale of the notes in Canada will be made on a
basis which is exempt from the prospectus and dealer registration requirements
of such securities laws. The senior notes have not been registered under the
United States Securities Act of 1933 or applicable state securities laws, and
the senior notes may not be offered or sold in the United States absent
registration or an applicable exemption from registration. Any redemption of 6
7/8% Senior Notes due 2014 will be made pursuant to a notice of redemption under
the indenture governing such notes. 


Videotron (www.videotron.com), a wholly owned subsidiary of Quebecor Media Inc.,
is an integrated communications company engaged in cable television, interactive
multimedia development, and Internet access, cable telephone and mobile
telephone services. Videotron is a leader in new technologies with its
interactive Digital TV service and its broadband network, which supports
high-speed cable Internet access, analog and digital cable television, and other
services. As of March 31, 2011, Videotron was serving 1,808,600 cable television
customers, including 1,243,700 subscribers to its digital service. Videotron is
also the Quebec leader in high-speed Internet access, with 1,263,600 subscribers
to its cable service as of March 31, 2011. As of the same date, Videotron had
164,700 subscriber connections to its mobile telephone service and was providing
cable telephone service to 1,129,800 Quebec households and organizations. For
the sixth consecutive year, Videotron was named Quebec's most respected
telecommunications company by Les Affaires magazine, based on a Leger Marketing
survey.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the United States Securities Act of 1933, as amended, and Section
21E of the United States Securities Exchange Act of 1934, as amended, and
forward-looking information within the meaning of National Instrument 51-102
Continuous Disclosure Obligations in Canada (collectively, "forward-looking
statements"). All statements other than statements of historical facts included
in this press release, including statements regarding our industry and our
prospects, plans, financial position and business strategy, may constitute
forward-looking statements. These forward-looking statements are based on
current expectations, estimates, forecasts and projections about the industries
in which we operate as well as beliefs and assumptions made by our management.
Such statements include, in particular, statements about our plans, prospects,
financial position and business strategies. Words such as "may," "will,"
"expect," "continue," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe" or "seek" or the negatives of these terms or variations of them or
similar terminology are intended to identify such forward-looking statements.
Although we believe that the expectations reflected in these forward-looking
statements are reasonable, these statements, by their nature, involve risks and
uncertainties and are not guarantees of future performance. Such statements are
also subject to assumptions concerning, among other things: our anticipated
business strategies; anticipated trends in our business; and our ability to
continue to control costs. 


We can give no assurance that these estimates and expectations will prove to
have been correct. Actual outcomes and results may, and often do, differ from
what is expressed, implied or projected in such forward-looking statements, and
such differences may be material. Some important factors that could cause actual
results to differ materially from those expressed in these forward-looking
statements include, but are not limited to: our ability to successfully continue
rolling-out and developing our new 4G network and facilities-based mobile
offering; general economic, financial or market conditions; the intensity of
competitive activity in the industries in which we operate, including
competition from alternative means of programs and content transmission;
unanticipated higher capital spending required to deploy our 4G network or to
address continued development of competitive alternative technologies, or the
inability to obtain additional capital to continue the development of our
business; our ability to implement successfully our business and operating
strategies and manage our growth and expansion; disruptions to the network
through which we provide our digital television, Internet access and telephony
services, and our ability to protect such services from piracy; labour disputes
or strikes; changes in our ability to obtain services and equipment critical to
our operations; changes in laws and regulations, or in their interpretations,
which could result, among other things, in the loss (or reduction in value) of
our licenses or markets or in an increase in competition, compliance costs or
capital expenditures; our substantial indebtedness, the tightening of credit
markets, and the restrictions on our business imposed by the terms of our debt;
and interest rate fluctuations that affect a portion of our interest payment
requirements on long-term debt. We caution you that the above list of cautionary
statements is not exhaustive. These and other factors could cause actual results
to differ materially from our expectations expressed in the forward-looking
statements included in this press release, and you are encouraged to read the
section "Item 3. Key Information - Risk Factors" of Videotron's annual report on
Form 20-F for the year ended December 31, 2010 for further details and
descriptions of these and other factors. Each of these forward-looking
statements speaks only as of the date of this press release. We will not update
these statements unless applicable securities laws require us to do so.

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