Videotron wireless continues to drive Quebecor growth

MONTREAL – This morning, Videotron and TVA Group owner Quebecor Inc. reported fourth quarter revenues of $1.14 billion, up 4.5% over the fourth quarter of 2018. Adjusted EBITDA was $494.5 million for the period ended December 31, 2019, a 7.4% increase. Without restatement of comparative figures following adoption of new accounting principles IFRS 16, adjusted EBITDA increased by 9.9%. Adjusted EBITDA increased $27.3 million (6.3%) in the telecommunications (Videotron cable, wireless and broadband) segment. Adjusted EBITDA increased in the Media segment (TVA Group) by $6.8 million or 23.9%. Quebecor reported a net increase of 21,800 (0.4%) in revenue generating units...