MONTREAL, June 9, 2017 /CNW Telbec/ - Quebecor announced
today the sale of Videotron's Advanced Wireless Services (AWS-1)
spectrum licence in the Greater
Toronto region to Rogers Communications Canada Inc. for
approximately $184 million, pursuant
to the transfer option held by Videotron since 2013.
The transaction has been approved by the competent regulatory
authorities. It is expected to close in the coming days.
Videotron moves forward with its network investment
program
This transaction will notably assist in funding
Videotron's ongoing network investment plans in Quebec and Eastern
Ontario. These plans include an aggressive 4G network
expansion and densification, anticipated 5G network deployment and
upgrades to the company's Internet Protocol (IP) wireline
network. These investments will contribute to further enhance
competition in wireless and wireline services in Quebec and Eastern
Ontario.
About Quebecor
Quebecor, a Canadian leader in
telecommunications, entertainment, news media and culture, is one
of the best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high-quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It
holds an 81.07% interest in Quebecor Media, which employs more than
10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports people
working with more than 400 organizations in the vital fields of
culture, health, education, the environment and
entrepreneurship.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Quebecor