Videotron going national? Skepticism abounds as auction moves along, big three Q4 reports approach

TORONTO – While we first reported here that Quebecor’s cable and wireless division Vidéotron might be interested in buying ailing Mobilicity and stocking up on 700 MHz spectrum in the ongoing auction, most reaction has been disbelief.In a research note to clients on Monday, BMO Capital Markets analyst Tim Casey doesn’t buy it. “We acknowledge there is a potential opportunity for a non-incumbent bidder in the auction (such as Quebecor, EastLink, Novus or Feenix) to scoop up the remaining prime block of 700MHz spectrum (for Southern Ontario, Eastern Ontario, B.C. and Alberta) at attractive valuations. However, the value of the...