Wireless growth helps Quebecor’s Covid-hit quarter

MONTREAL – While Quebecor took a 5% hit to second quarter revenue, which came in at $1 billion due mostly to the impact of the Covid-19 crisis, there were still positives to take away. Its adjusted EBITDA for the period ended June 30th was $475.7 million, up 4.5%, while net income lines were up and cash flow grew 18.6% to $326.1 million. The company’s telecommunications segment grew its revenues by 1.7% where Videotron increased its revenues from customer equipment sales by 43.8% and mobile telephony by 9.1% in Q2 2020, compared to Q2 2019 Videotron's total average billing per unit...