Cable / Telecom News

Videotron still growing

MONTREAL - "Once again, Quebecor's very positive results were spearheaded by robust numbers in the cable segment, which continued to log strong customer growth for all its services," said Pierre Karl Peladeau, president and CEO of Quebecor Inc., in a press release announcing the company’s second quarter results today. Quebecor's second quarter 2008 (ended June 30th) revenues came in at $942.3 million, up 15.6% over the second quarter of 2007. Operating income rose 20.1% to $277 million. Videotron’s operating income was up 25.1% to $182 million and quarter-over-quarter net customer growth was 51,300 for cable telephone service (to 743,000), 23,600...