Cable / Telecom News

Quebecor’s Q1 rise in revenues, profits, led by Videotron

MONTREAL - Quebecor’s net income for the first quarter more than doubled, and the company hiked its quarterly dividend 29%, the Montreal-based giant said Thursday.For the period ended March 31, 2016, net income attributable to shareholders was $69.9 million, up from $29.4 million in the same period of 2015, as a result of growth in all of its business segments.Quebecor's revenues increased 5% year-over-year to $975.4 million, and adjusted operating income grew 4.6% to $354.7 million.  On an adjusted basis, income from continuing operations was jumped 63.5% to $67.7 million from $41.4 million in the same period of 2015.The company posted revenue increases in...