Q3 revenues, profits on the rise at Quebecor

MONTREAL – An uptick in subscribers at Videotron combined with the company's spectrum sale buoyed third quarter revenues and profits at Quebecor.For the period ended September 30, 2017, revenues of $3.06 billion were up 3.3% year-over-year. Revenues increased in Telecommunications ($97.1 million or 4.1% of segment revenues), Sports and Entertainment ($2.1 million or 8.5%) and Media ($1.4 million or 0.2%).Net income attributable to shareholders rebounded to $171.9 million from a net loss attributable to shareholders of $8.3 million in the same period of 2016, due in large part to a $243.1 million gain on the sale of spectrum licences recognized this quarter, including $121.6 million without any tax consequences.Videotron grew its...