VMedia to accelerate national growth after being acquired by Quebecor (updated)

By Steve Faguy MONTREAL — VMedia, the independent internet and television service provider that pioneered delivering television services over IPTV systems in Canada, was quietly acquired by Quebecor last week – but that does not mean it intends to fade away. Instead, Quebecor is financing its expansion, giving it the resources it needs to grow its subscriber base across the country and offer a bundling option that Quebecor’s Videotron can combine with its expansion of mobile services outside Quebec. The purchase price of the deal was not disclosed. According to documents filed with the CRTC, Quebecor acquired all shares of...