Cable & Telecom

Increases in Q4 revenues, profits cap “an excellent year” at Quebecor

MONTREAL – “Strong numbers” at Videotron helped to push up fourth quarter revenues and profits at Quebecor, the company said Wednesday.Consolidated revenues for the quarter ended December 31, 2018 grew 2.6% ($27.6 million) to $1.09 billion year-over-year.  Revenues increased in Telecommunications ($24.4 million or 2.9% of segment revenues) and in Sports and Entertainment ($3.2 million or 6.4%), though dropped in Media ($1.5 million or ‑0.8%).Net income attributable to shareholders was $116.8 million in the fourth quarter of 2018, compared with $70.4 million in the same period of 2017, a favourable variance of $46.4 million.  Adjusted EBITDA increased 7.7% ($32 million) to $450.0 million.Quebecor’s Videotron telecom segment significantly increased its revenues from mobile telephony...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.