NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Quebecor Inc.
TSX SYMBOL: QBR.A
TSX SYMBOL: QBR.B
JUNE 18, 2014
A Vision for High Quality Low-Cost Wireless in Canada
Real Competition with a New Expanded Canadian Network
TORONTO, ONTARIO--(Marketwired - June 18, 2014) - At a keynote speech to The
2014 Canadian Telecom Summit, Quebecor President and CEO Pierre Dion today
outlined a vision for a new low-cost wireless service in Canada, one that would
provide Canadians with competitive voice, data and roaming plans currently only
available in Europe and Australia.
"Our vision is to provide Canadians with a new high quality, low-cost
wireless choice and real wireless competition," said Mr. Dion. "We
aim to deliver real low-cost wireless plans for consumers, real wireless
competition, and a real new offering in the Canadian marketplace. Under the
right conditions, we are ready, willing and able to become Canada's
"fourth wireless competitor."
Videotron is uniquely positioned to address the Canadian government's
stated policy objective of a serious fourth competitor in the markets where
this is lacking - a fourth competitor who is experienced, well-financed,
well-equipped, highly entrepreneurial and customer-focused.
Videotron's plan is based upon achieving meaningful market penetration
through offering Canadians outside Quebec the country's best low-cost
The plan includes major investments in spectrum, an expanded network and
consolidation with willing partners. To date Videotron has invested over $1.6
billion in wireless spectrum and networks.
Critical to the vision is an urgent need for a fair and competitive federally
regulated roaming policy. The current regulatory landscape favours the
incumbent wireless players in Canada. According the Competition Bureau of
Canada, incumbent players have used the roaming policy as a "strategic
tool to eliminate or reduce the competitive pressure... in Canadian mobile
Independent research conducted by the SeaBoard Group suggests that roaming
rates charged by the incumbents to new entrants can be many times more than
even the lower interim rates established by Industry Canada in the recent
Budget Implementation bill.
"With a fair, competitive and level playing field on roaming, the stage
will be set for a new era of consumer choice in Canada. It will benefit
consumers, small businesses, and the economy at large," added Mr. Dion.
"It will be the dawn of a new sustainable and viable low-cost wireless
Quebecor, a Canadian telecommunications, entertainment and news media leader,
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)(TSX:QBR.B) is firmly based in Quebec. It holds a 75.36%
interest in Quebecor Media, which employs more than 15,000 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: https://twitter.com/QuebecorMedia
FOR FURTHER INFORMATION PLEASE CONTACT:
INDUSTRY: Media and Entertainment - Books and Publishing, Media and
Entertainment - Information Services, Media and Entertainment - Movies/Music
Videos, Media and Entertainment - Music and Radio, Media and Entertainment -
-0- Jun/18/2014 19:15 GMT
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