MONTRÉAL, July 4, 2024
/CNW/ - Just over a year after the acquisition of Freedom Mobile on
April 3, 2023, 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.
The Progress Report on Fulfilment of Videotron Ltd.'s
Undertakings submitted to ISED on July
3 describes this remarkable progress, including:
- Maintaining the prices of wireless plans by
introducing a Mobility Price Freeze Guarantee for all current and
future customers of Freedom Mobile;
- Promoting competition and lowering wireless
prices 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
Index1 during the year following the acquisition of
Freedom Mobile;
- Extending Freedom Mobile and Fizz services to Manitoba and other Canadian markets
through MVNO2 agreements;
- Offering low-cost 5G plans to an ever-growing
number of Canadians.
The full report is available here.
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.
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1
Source: Statistics Canada
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2
Mobile Virtual Network Operator
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About Quebecor
Quebecor, 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.
Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs
more than 11,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports more
than 400 organizations in the vital fields of culture, health,
education, the environment and entrepreneurship.
SOURCE Québecor Média inc.