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May 22, 2015 1:22 PM ET

Media

Company Overview of Videotron Ltd.

Company Overview

Videotron Ltd. operates as a cable, mobile telephony, and Internet service provider in Canada. It offers cable Internet access through cable modems; digital television services with packages, including 52 television channels, audio services, 21 FM radio channels, and an interactive programming guide; and cable telephony services through VoIP technology. The company also provides video-on-demand services that enable digital cable customers to rent content from a library of movies, documentaries, and other programming through digital set-top box, computer, tablet,,or mobile phone; and operates pay-per-view channels that allow its digital customers to order live events and movies based on a pre...

612 Saint-Jacques Street

Montreal, QC H3C 4M8

Canada

Founded in 1964

6,432 Employees

Phone:

514-281-1232

Key Executives for Videotron Ltd.

Chief Executive Officer and President
Age: 45
Chief Financial Officer and Senior Vice President
Age: 47
Senior Vice President of Sales Network & Retail Operations, President of Videotron Business Solutions and President of Le Superclub Vidéotron
Age: 50
Senior Vice President of Operations, Customer Service
Age: 50
Senior Vice President of Strategy and Market Development
Age: 40
Compensation as of Fiscal Year 2014.

Videotron Ltd. Key Developments

Videotron Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Videotron Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of CAD 731,827,000 against CAD 692,685,000 a year ago. Income before income taxes was CAD 133,209,000 against CAD 125,413,000 a year ago. Net income attributable to shareholders was CAD 105,460,000 against CAD 107,677,000 a year ago. Cash flows provided by operating activities was CAD 70,248,000 against CAD 180,187,000 a year ago. The decrease was mainly due to: CAD 23.3 million increase in current income tax expenses; and CAD 5.0 million increase in cash financial expenses. Additions to fixed assets were CAD 161,645,000 against CAD 143,041,000 a year ago. Additions to intangible assets were CAD 24,925,000 against CAD 68,924,000 a year ago. Adjusted operating income was CAD 342.7 million against CAD 334.6 million a year ago, this increase was primarily due to revenue increase.

Videotron Agrees on Renewal of Collective Agreement with Approximately 2,800 Unionized Employees

Videotron management announced that its unionized employees have ratified the agreement in principle reached during the winter by the employer and representatives of SEVL 2815, affiliated with the Canadian Union of Public Employees. The agreement renews the collective agreement of the approximately 2,800 employees in Western Quebec until 2018 and affords the two parties still greater flexibility in work organization. This agreement ensures excellent working conditions for employees, in line with determination to constantly enhance its services and remain the most respected telecommunications provider in Quebec. In an increasingly competitive market environment, renewal of the collective agreement will enable Videotron to continue making a difference in customers' lives by providing the best customer experience. Videotron will be positioned to uphold a tradition of customer service dating back more than 50 years, maintain its commitment to excellence and continue playing a leading role in Quebec's economic development.

Videotron Ltd. Announces Issue of Notice of Redemption for Outstanding 6% Senior Notes Due December 15, 2015

Videotron Ltd. announced that it has issued a notice of redemption for all of its outstanding 6% Senior Notes due December 15, 2015 (CUSIP 92658TAK4) (the 'Notes'). A notice of redemption (the 'Redemption Notice') pursuant to the terms of the indenture governing the Notes (the 'Indenture') is being distributed by Wells Fargo Bank, National Association, the trustee under the Indenture. The Redemption Notice issued on March 13, 2015 states that the redemption date is April 10, 2015 (the 'Redemption Date'), and the redemption price is 100.000% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the Redemption Date.

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