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Rules announced for 600 MHz spectrum auction - Quebecor pleased by government's recognition of the importance of new entrants such as Videotron
Rules announced for 600 MHz spectrum auction - Quebecor pleased by government's recognitio...
About this update from Quebecor Inc. Class A
[{"type":"text","content":"\n\n\n\nRules announced for 600 MHz spectrum auction - Quebecor pleased by government's recognition of the importance of new entrants such as Videotron\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\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, March 29, 2018\n\n\n\nMONTRÉAL, March 29, 2018 /CNW Telbec/ - Pierre Karl Péladeau, President and CEO of Quebecor, has commented on the Government of Canada announcement setting out the rules for the upcoming wireless spectrum auction, including a set-aside of 30 MHz (out of a total of 70 MHz) for new entrants: \"We are pleased that the government continues to recognize the important role of new entrants such as Videotron in driving increased competition, to the benefit of mobile telephone users.\" \n\nQuebecor notes that the stable, ongoing presence of strong regional players such as Videotron has had a significant impact on mobile service prices in Canada. For example, a study by Nordicity commissioned by Innovation, Science and Economic Development Canada, released in October 2017, found that the wireless rates of regional players such as Videotron, Eastlink and Freedom Mobile were an average 40.82% lower than those of the incumbents (Bell, Roger, Telus).1\n\n\"The government's decision will enable new entrants to obtain a balanced portfolio of low and high frequencies, ensuring that all Canadians can continue enjoying mobile services of the highest quality, regardless of their carrier,\" Mr. Péladeau concluded.\n\nAbout QuebecorQuebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. \n\nQuebecor (TSX: QBR.A, QBR.B) is headquartered in Québec. It holds an 81.53% interest in Quebecor Media, which employs more than 10,000 people in Canada. \n\nA family business founded in 1950, Quebecor ...