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May 06, 2015 1:31 AM 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 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.

Videotron Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Videotron Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of CAD 708,675,000 compared to CAD 683,216,000 a year ago. Income before income taxes was of CAD 149,160,000 compared to loss of CAD 137,290,000 a year ago. Income from continuing operations was of CAD 124,606,000 compared to loss of CAD 115,331,000 a year ago. Net income attributable to shareholder was CAD 124,603,000 compared to CAD 115,139,000 a year ago. Cash flows provided by continuing operating activities was CAD 338,183,000 compared to CAD 282,705,000 a year ago. Additions to fixed assets were of CAD 163,183,000 compared to CAD 124,009,000 a year ago. Additions to intangible assets were of CAD 15,922,000 compared to CAD 29,113,000 a year ago. Adjusted operating income was CAD 338.8 million against CAD 329.4 million a year ago. For nine months, the company reported revenue of CAD 2,096,550,000 compared to CAD 2,018,658,000 a year ago. Income before income taxes was of CAD 414,723,000 compared to CAD 248,057,000 a year ago. Income from continuing operations was of CAD 350,635,000 compared to CAD 217,959,000 a year ago. Net income attributable to shareholder was CAD 350,630,000 compared to CAD 217,668,000 a year ago. Cash flows provided by continuing operating activities was CAD 800,190,000 compared to CAD 698,712,000 a year ago. Additions to fixed assets were of CAD 462,160,000 compared to CAD 396,347,000 a year ago. Additions to intangible assets were of CAD 270,954,000 compared to CAD 52,706,000 a year ago. Adjusted operating income was CAD 1,004.5 million against CAD 962.5 million a year ago.

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