quebecor

Quebecor CEO Pierre Karl Péladeau finds it "incomprehensible" that the Competition Bureau is opposed to the company's proposed acquisition of Freedom Mobile from Rogers and Shaw — reports The Globe and Mail. Back in May, the Bureau petitioned the federal competition tribunal to block Rogers's proposed $26 billion acquisition of Shaw. Canada's competition watchdog argued the...

Quebecor recently acquired Toronto-based VMedia, one of the more prominent independent providers of internet, TV, and phone services in Canada, and fellow independent telecom provider TekSavvy is not happy about it. "This takeout by one of the country’s giant cable firms is another blow to the market and consumer choice," Peter Nowak, Vice President of...

The Competition Bureau said in a Friday statement that the proposed sale of Freedom Mobile to Quebecor does not alleviate all of the regulator's concerns regarding Rogers's planned $26 billion CAD takeover of Shaw Communications — reports Reuters. Canada's competition watchdog said it does not have enough information to approve the Freedom sale at this...

Anthony Lacavera, chairman of Globalive Capital and the original founder of Freedom Mobile, doesn't think selling the wireless provider to Quebecor Inc. will result in the "robust competition that the Canadian wireless sector desperately needs" — reports the Financial Post. Lacvaera urged Industry Minister François-Philippe Champagne and Competition Commissioner Matthew Boswell to block the sale in...

Rogers and Shaw on Friday announced an agreement with Quebecor to sell Freedom Mobile to the latter for $2.85 billion. The pair are divesting Freedom Mobile to sway regulatory approval for their proposed $26 billion merger. Rogers' planned takeover of Shaw is being held up by the Competition Bureau, while the Ministry of Innovation, Science...

Rogers is still poised to gain almost half a million new wireless subscribers from its proposed $26 billion acquisition of Shaw Communications Inc., despite selling Shaw-owned Freedom Mobile to Quebecor — reports The Globe and Mail. Rogers, Shaw, and Quebecor last week announced they had struck an agreement for the Quebec-based telecom operator to purchase...

Rogers, Shaw and Quebecor announced late Friday evening the companies have agreed to sell Freedom Mobile to the Quebec-based telecom, after numerous reports the latter was in the running to acquire the wireless unit. “The proposed divestiture of Freedom Mobile to Quebecor will ensure the presence and viability of a strong fourth wireless carrier in […]

The federal court has rejected Telus Corp.'s request to reverse Montreal-based wireless operator Vidéotron's purchase of nearly $830 million worth of 5G spectrum licenses — reports The Globe and Mail. Québecor-owned Vidéotron was able to bag 294 blocks of 3,500 MHz range wireless spectrum in Canada's 5G auction last year. More than half of the licenses...

Pierre Karl Péladeau, CEO of Québecor Media Inc, said the company remains "interested" in buying Freedom Mobile from Rogers Communications Inc. as he echoed the Competition Bureau's stance on the latter's proposed $26 billion acquisition of Shaw Communications Inc. during a conference call with analysts on Thursday afternoon (via the Financial Post). Péladeau said acquiring...

Quebecor CEO Pierre Karl Péladeau has been providing media interviews to further detail the company’s plans to expand wireless services outside of Quebec. Speaking to the Financial Post, Péladeau says Quebecor has managed to take 22% of the wireless market in Quebec, in under two decades. “There is now a mature market in Quebec, and...

Bell Canada Enterprises (BCE) Inc. and Telus Corp. have demanded that the federal government block issuance of 5G spectrum licenses to Videotron outside Quebec and Ontario, asserting that the Quebecor subsidiary did not meet the requirements to bid on those licenses in the recent 3,500 MHz spectrum auction — reports The Globe and Mail. Videotron spent...

Quebecor, the parent company of Videotron, says it is now moving forward with its plan to offer wireless services coast-to-coast in Canada. Both Quebecor and Videotron recently announced it would be investing $830 million to obtain 294 blocks of 3500 MHz spectrum across Canada, as part of the federal government’s auction for 5G airwaves. More...