Videotron continues to drive Quebecor growth

MONTREAL – Quebecor Inc. saw first quarter revenues rise 3.4% to $1.09 billion, adjusted EBITDA climb 3.7% to $453 million, a cash flow increase of 4.3% to $307.6 million, and adjusted income jump 16.5% to $130 million, the company reported this morning. All of this was led by the company’s telecommunications (Videotron) unit which showed strong growth through Q1, ended March 31, 2021. Videotron “significantly increased its revenues from mobile services and equipment ($23 million or 11.1%), Internet access ($19.1 million or 6.9%) and wireline equipment ($18.4 million or 65.0%),” reads the company press release. There was a net increase...