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Quebecor Decision to Expand Wireless Outside Quebec Coming in a “Few Months”

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Videotron’s parent company, Quebecor, said today it is considering expanding its wireless services outside Quebec but a meeting with the Federal Government will determine its final decision, reports The Globe and Mail:

Quebecor Inc. will soon decide whether it will expand its wireless service outside of its home province of Quebec, but chief executive Pierre Dion wants to first meet with the federal government.

“We expect to meet with the Canadian government soon in order to let them know what we assume to be the right conditions for us to operate a single service wireless business outside of our home territory,” Quebecor president and chief executive Pierre Dion said Thursday.

“Its response will dictate our next step.”

Dion also mentioned “I’m confident that our team will manage the process rigorously and that should the plan make sense, we will get the right attention,” with the timeline for a decision to be made to come in a “few months”.

According to the Financial Post, Dion reiterated the buy-and-hold strategy for its newly acquired 700MHz wireless spectrum “has not been ruled out”; the company paid a mere $233 million for seven licenses in four provinces, which would essentially reach 80% of Canada’s population.

The comments came today after Quebecor announced its Q1 2014 earnings, which saw its Videotron segment grow 4.8% as sales reached $693 million, boosted by strong wireless and internet revenues.

Dion said the recent addition of the iPhone 5c and iPhone 5s to Videotron’s lineup has him optimistic, as he foresees higher average revenue per user (ARPU) and subscriber growth.

Back in March, Quebecor said its expansion plans would be on hold until Ottawa modified its wireless rules to give smaller companies a fighting chance versus incumbents.

Videotron looks to be the shining light for Canadian wireless users, as a viable fourth option. Let’s hope something happens.

 

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  • HAL 8950

    Problem is that the owner of Videotron has a vision for Canada, and it is to break it up…

    “Billionaire Pierre Karl Péladeau controls 28% of shares and 73% of voting shares of Montreal’s Quebecor, the parent company of Videotron. Péladeau announced his plans to run for provincial office under the separatist party Parti Québécois.”
    I would rather support a company that is NOT trying to break up the country!

  • jfmartel

    It is already broken btw. You should check the vote compass analysis from 2011.

  • Crosseyedmofo

    unsure how this translates into broken country

  • Farids

    If Quebecor becomes national, the chances are, its major investors will not support the sepratist movement anymore, or at least not as strongly as before. In fact the sepratist movement may play a very positive role here; how? If and when Quebecor becomes national, it’ll have to have a Canadian ownership to operate, otherwise, it can’t be financed anymore(like the problem Wind Mobile is having). So, Quebecor will have to at least indirectly support the Canadian unity in order to protect its investments, which will keep getting more and more as it builds it’s network in Canadian cities outside Quebec. Here’s the icing on the cake: the sepratists support the Quebec sepration from canada because of their national pride: they believe they are, and can run Quebec better than the Canadian federal government. So, under one Canadian flag, the major sepratist investors of a nation wide Quebecor, will push the company to offer much better plans than the big 3 to prove the point that Quebec based companies are the best, and much better than the rest of Canadian based mobile companies(read Big3). And it gets even better: the more we Canadians buy from Quebecor, the more proud they and the Québécois become, and in turn, the less likely they are to support the sepratist movement. For decades, the English speaking Canada has always tried to keep Quebec attached to the Canadian flag. Perhaps, the solution lies in the reverse: a québécois company to reach the English Canadians and bring them together with the French.

  • 1His_Nibs1

    I usually have little to no use for anything pertaining to Quebec but in this case I’ll make an exception & hope Quebecor looks beyond their borders & decides to nationalize it’s operations re: their wireless business.

  • Al

    That was intended as a joke, right?
    If not, that is the most delusional thing I have ever read.

  • Crosseyedmofo

    how was it delusional?

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