Telecom gains help sustain growth for Quebecor

MONTREAL — The strong performance of Quebecor’s Videotron telecom segment helped to offset losses in its Quebecor Media subsidiary, allowing the parent company to maintain modest growth overall in the second quarter of 2016, Quebecor announced Thursday.Quebecor’s revenues rose $28.7 million to reach $992.5 million in Q2 2016, which is a 3% increase over its Q2 2015 revenues of $963.8 million. The company’s adjusted operating income also rose 3.1% to $360.3 million in the second quarter of 2016, when compared to the same quarter last year.The company’s telecom segment experienced 5.2% growth in revenues, increasing by $38.9 million to reach...