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Quebecor announces it has met all commitments related to the acquisition of Freedom Mobile
Quebecor announces it has met all commitments related to the acquisition of Freedom Mobile ...
About this update from Quebecor Inc. Class A
[{"type":"text","content":"\n \n \n \n Quebecor announces it has met all commitments related to the acquisition of Freedom Mobile\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n July 4, 2024\n \n \n /CNW/ - Just over a year after the acquisition of Freedom Mobile on\n \n April 3, 2023\n \n , Quebecor is pleased to announce that it has fulfilled all nine undertakings made by its Videotron Ltd. subsidiary to Innovation, Science and Economic Development Canada (ISED) at the time of the transaction.\n \n \n The\n \n Progress Report on Fulfilment of Videotron Ltd.'s Undertakings\n \n submitted to ISED on\n \n July 3\n \n describes this remarkable progress, including:\n \n \n \n \n Maintaining the prices of wireless plans\n \n by introducing a Mobility Price Freeze Guarantee for all current and future customers of Freedom Mobile;\n \n \n \n Promoting competition\n \n and\n \n lowering wireless prices\n \n by offering affordable mobile packages backed by an enhanced customer experience, which was instrumental in the 26.6% reduction in the wireless component of the Consumer Price Index\n \n 1\n \n during the year following the acquisition of Freedom Mobile;\n \n \n \n Extending Freedom Mobile and Fizz services to\n \n Manitoba\n \n \n and other Canadian markets through MVNO\n \n 2\n \n agreements;\n \n \n \n Offering low-cost 5G plans\n \n to an ever-growing number of Canadians.\n \n \n \n The full report is available\n \n here\n \n .\n \n \n Quebecor intends to build on these achievements and continue working with regulatory and government authorities to further strengthen competition for the benefit of all Canadian consumers.\n \n \n \n \n \n \n \n \n 1\n \n \n Source: Statistics Canada\n \n \n \n \n \n \n \n \n 2\n \n \n Mobile Virtual Network Ope...