Cable / Telecom News

Quebecor continues to ride Videotron’s wireless growth

MONTREAL - Quebecor disclosed its 2019 third quarter results on Thursday, where its wireless service remains the company’s knight in shining armour.Overall, Quebecor reported revenues of $1.07 billion for the period ended September 30, 2019, a 1.9% increase over Q3 2018 results. Revenue in the telecom segment was strong, growing 3% to $877 million. The company’s adjusted EBITDA was $509.3 million, a 7.4% year-over-year increase.The company’s net income attributable to shareholders was $178.5 million, a decrease from the $187.1 million for the same period the year prior. However, the company’s adjusted income from continuing operating activities saw a significant increase...