Cable / Telecom News

Wireless growth, spectrum sale to Rogers help drive up Quebecor revenues


MONTREAL — Quebecor Inc. reported Thursday consolidated revenue of $1.03 billion in the second quarter of 2017 and its largest quarterly year-over-year increase in adjusted operating income in almost five years.The company’s adjusted operating income was $395.3 million for the second quarter of 2017, up 9.7% from the $360.3 million in adjusted operating income it reported in Q2 2016.Quebecor’s net income attributable to shareholders was $132.4 million ($1.09 per basic share) in Q2 2017, compared with $9.8 million ($0.08 per basic share) in the same period of 2016. This increase of $122.6 million ($1.01 per basic share) was primarily due...