UPDATE Videotron, a subsidiary of Quebecor, has purchased Freedom Mobile from Shaw Communications to create Canada’s fourth national wireless provider. The transaction, which is subject to regulatory approvals, is expected to facilitate the regulatory approval of the merger of Shaw and Rogers.
The combined business of Videotron and Freedom will be well-positioned to launch a strong, competitive national 5G offering, using Videotron’s 3500 MHz holdings, according to Pierre Karl Péladeau, President and CEO, Quebecor.
“Quebecor has shown that it is the best player to create real competition and disrupt the market. Our strong track record combined with Freedom’s solid Canadian footprint will allow us to offer consumers in British Columbia, Alberta and Ontario more choice, value, and affordability through discounted multiservice bundles and innovative products,” Péladeau said. Continue Reading |
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