Cable / Telecom News

2020 revenues stable at Quebecor


MONTREAL – On Thursday, Quebecor Inc. reported 2020 revenues of $4.32 billion, up 0.6% from 2019 while adjusted EBITDA climbed 3.9% to $1.95 billion. Net income attributable to shareholders however, came in at $607.2 million, a decrease of $45.6 million while adjusted income from continuing operating activities was $594.5 million, an increase of $13.5 million. Cash flow grew 14.7% to $1.31 billion. The company’s telecommunications segment (a.k.a. Vidéotron) grew its revenues by $142.2 million (4.1%) and its adjusted EBITDA by $61 million (3.4%) in 2020. Videotron “significantly increased its revenues from customer equipment sales ($139.1 million or 51.6%), mobile telephony...