MONTRÉAL, Aug. 21, 2019 /CNW
Telbec/ - Videotron has reacted to the CRTC decision on
Internet access rates for resellers by calling for caution and
expressing concern about the decision's potential economic
impact.
"It has been clearly established that a strong digital economy,
supported by powerful networks, promotes the economic development
of our communities, and we are concerned about the long-term
consequences that delays in investments may have for the country,"
commented Jean-François Pruneau, President and CEO of
Videotron.
Videotron estimates the retroactive costs of the rate cut at
around $50 million. The company will
take time to assess all available options.
Videotron (www.videotron.com), a wholly owned
subsidiary of Quebecor Media Inc., is an integrated communications
company engaged in cable television, interactive multimedia
development, Internet access, cable telephone and mobile telephone
services. Videotron is a leader in new technologies with its illico
interactive television service and its broadband network, which
supports high-speed cable Internet access, digital cable
television, and other services. As of June 30, 2019, Videotron
was serving 1,558,400 cable television customers. The Club illico
over-the-top video service had 431,000 members. Videotron is also
the Québec leader in high-speed Internet access, with 1,706,900
subscribers to its cable service as of June 30, 2019. As of
the same date, Videotron had 1,193,600 subscriber connections to
its mobile telephone service and was providing cable telephone
service to 1,072,900 Québec households and organizations. Videotron
places on the prestigious Canada's
Top 100 Employers and Montréal's Top Employers lists.
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SOURCE Videotron