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Quebecor closes acquisition of Freedom Mobile
Quebecor closes acquisition of Freedom Mobile Canada NewsWire A fourth major ...
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[{"type":"text","content":"\n \n \n \n Quebecor closes 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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n A fourth major wireless carrier is launched in\n \n Canada\n \n \n \n \n \n MONTRÉAL and\n \n CALGARY\n \n \n ,\n \n \n April 3, 2023\n \n \n /CNW/ - Quebecor Inc. (\"Quebecor\") and Shaw Communications Inc. (\"Shaw\") announced today that the acquisition of Freedom Mobile Inc. (\"Freedom\") by Videotron Ltd. (\"Videotron\"), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the \"Freedom Transaction\").\n \n \n With a combined total of more than 3.5 million customers for mobile services alone and the expertise of nearly 7,500 employees, Freedom and Videotron have the leverage to further disrupt\n \n Canada's\n \n wireless market.\n \n \n \"We are very pleased to be closing the acquisition of Freedom Mobile today, bringing its Canadian footprint as well as the expertise and experience of its employees into our fold,\" said Pierre Karl Péladeau, President and CEO of Quebecor. \"The alliance of Freedom and Videotron will permanently transform\n \n Canada's\n \n wireless market for the benefit of consumers and create a new competitive environment that delivers innovative products and services at better prices.\"\n \n \n Since the beginning of the acquisition process, many hurdles have been successfully cleared. Videotron and Quebecor have demonstrated that their customers have enjoyed better rates, better products and the best customer service, thanks in part to the massive investments Videotron and Quebecor have made and their commitment to customer satisfaction.\n \n \n \"Today marks the beginning of a new era for Canadians,\" Mr. Péladeau said. \"Joining Videotron's track record of success in\n \n Quebec\n \n with Freedom's highly skilled teams will bring our customers the benefit of our combined expertise a...