Quebecor had a pretty good start to 2026. Wireless growth and mobile revenue did the heavy lifting across its Videotron, Freedom Mobile and Fizz brands.
The company added 28,800 new wireless connections in the first three months of the year, bringing its total gains over the past 12 months to nearly 287,000 lines, a 6.9% increase that Quebecor says is the best in the industry. The Montreal-based company has been building toward becoming Canada’s fourth national wireless carrier since picking up Freedom Mobile in 2023 as part of the Rogers-Shaw deal conditions.
Wireless prices across Canada have dropped more than 31% since the Freedom acquisition closed, according to ISED data, and Quebecor has been happy to take credit for that. If you know someone who recently jump on the $40 for 250GB plan with 50GB global roaming, you get the idea.
Total revenue rose nearly 4% to $1.40 billion, net income jumped 18.2% to $225.4 million, and telecom revenue hit $1.22 billion with mobile service revenue up 8.8% year over year. These numbers back up what analysts have been saying, picking Quebecor as the top telecom stock in Canada, when compared to the Big 3.
Average monthly mobile revenue per user ticked up 1.4%, marking the second straight quarter of growth at a time when Rogers, Telus and Bell are all seeing that same number fall. Quebecor called it “disciplined execution of our strategy for profitable growth, supported by a powerful, reliable network and unrivalled customer experience,” which is corporate speak for: our plan is working and theirs isn’t.
The company also brought its consolidated net debt leverage ratio down to 2.86x, the lowest among the major Canadian telecoms.
On the product side, Videotron launched a 2 Gbps residential internet plan in parts of Montreal, Laval and Quebec City, and Freedom Mobile rolled out Total Freedom, which added global roaming as standard for all plans.
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