Page 1 of 2 1 2 LastLast
Results 1 to 15 of 18

Thread: Quebecor held talks with wind

  1. #1
    Join Date
    Nov 2014
    Posts
    9
    Feedback Score
    0

    Quebecor held talks with wind

    THE CANADIAN PRESS
    MONTREAL—Quebecor Inc. has held talks with Wind Mobile as the Montreal-based telecom and media company considers whether to expand its wireless business outside Quebec.
    “They are fully aware of our interest in participating in the consolidation of the industry and as I’ve said, we’ll do that only if we think that the regulatory and investment conditions are right for us,” president and chief executive Pierre Dion said Thursday as Quebecor reported improved third-quarter results, helped by its telecommunications operations.
    Wind Mobile has some 750,000 wireless customers concentrated in populated areas of Ontario, Alberta and British Columbia, while Quebecor has nearly 600,000 in Quebec.
    It has often been mentioned as possible partner or takeover target for Quebecor if it goes ahead with its plan to become a fourth national wireless company.
    In September, Quebecor chief financial officer Jean-Francois Pruneau said the company was interested in talking to Wind Mobile about a partnership, but wasn’t interested in a takeover.
    Quebecor has been considering its expansion for months, but Dion said the company will not rush into a decision.
    “We want all conditions to be right, whether it is regulatory conditions, business model conditions, partners conditions, we want everything in order to minimize our risk,” Dion said
    “We want to make sure we’re doing the right things.”
    Quebecor reported Thursday a net profit in the third quarter of $45.1 million or 37 cents per share on $1.02 billion in revenue. That compared with a loss of $188.8 million or $1.53 per share on revenue of $1.02 billion in the third quarter of last year.
    On an adjusted basis, the company said it earned a profit from continuing operations of $65.6 million or 53 cents per share. That compared with a similar profit of $63.1 million or 51 cents per share a year ago.
    During the quarter, the company’s telecommunications business earned $738.2 million in revenue, up $23.5 million from a year ago, helped by its mobile business.
    Average revenue per user for its operations, which include cable television and Internet service as well as cable and wireless phone service, was $126.02 in the quarter, up from $119.24 a year ago.
    The wireless operations saw revenue grow 30.5 per cent to $75.7 million in the quarter as it added 38,100 new customers for a total of 589,400.
    Average revenue per user from mobile telephone services at Quebecor rose to $44.23 from $41.55 a year ago.
    RBC Capital Markets analyst Drew McReynolds said overall results were “slightly better than expected.”
    He noted that the number of new wireless customers was slightly ahead of his expectations.
    “ARPU increased 6.5 per cent year over year, which was ahead of our 2.5 per cent estimate,” McReynolds wrote in a note to clients.
    Meanwhile, Quebecor’s media business earned $298.8 million in revenue in the quarter, down $19.9 million from a year ago as revenue fell at its newspaper and broadcasting operations.
    Last month, Quebecor agreed to sell most of its Sun Media business, including 175 newspapers, Quebecor’s Islington printing plant in Ontario and 34 real estate properties in Ontario, Alberta and Manitoba, to Postmedia for $316 million.
    Quebecor Media still has Le Journal de Montreal, Le Journal de Quebec and the 24 Heures free daily as well as Internet, television, telecommunications and retail operations.
    It will also retain ownership of Sun News Network

  2. #2
    Join Date
    Oct 2012
    Posts
    727
    Feedback Score
    0
    hmm looks like tony's plans are bearing fruit

  3. #3
    Join Date
    Jul 2010
    Posts
    4,900
    Feedback Score
    0
    Quote Originally Posted by bluebell_rose View Post
    hmm looks like tony's plans are bearing fruit
    what plan was that again? I just want to give him credit if anything he planned happened with in a timely manner as he may have planned.

  4. #4
    Join Date
    Apr 2008
    Location
    Canada
    Posts
    7,293
    Carrier(s)
    Koodo (03/2015-present)
    Feedback Score
    0
    A partnership could be interesting. I suppose VT could hold the spectrum but have WIND deploy it. Cross-roaming would also be great. I know VT already roams on Rogers but outside Quebec I'm sure WIND would still give them a better rate.

  5. #5
    Join Date
    Mar 2008
    Posts
    2,108
    Device(s)
    One Plus One (Virgin), iPhone 5c (Mobi)
    Carrier(s)
    Virgin > Fongo, Chatrlicity
    Feedback Score
    0
    Who knows if VT will continue with looking for partnerships in Canada considering Pierre Karl Peladeau's separatist leanings. Even though he quit, he still plays a part in their corporate strategy.
    Bell SK+fongo:
    $85 Unlimited NA, NA text, US Roaming, 15GB

  6. #6
    Join Date
    Apr 2008
    Location
    Canada
    Posts
    7,293
    Carrier(s)
    Koodo (03/2015-present)
    Feedback Score
    0
    Quote Originally Posted by fruvous View Post
    Who knows if VT will continue with looking for partnerships in Canada considering Pierre Karl Peladeau's separatist leanings. Even though he quit, he still plays a part in their corporate strategy.
    They bought spectrum in BC, AB and ON. They have committed to doing *something* outside Quebec.

  7. #7
    Join Date
    Apr 2011
    Location
    Toronto
    Posts
    2,127
    Device(s)
    BlackBerry Key2
    Carrier(s)
    Bell Mobility
    Feedback Score
    0
    Quote Originally Posted by cmstlist View Post
    They bought spectrum in BC, AB and ON. They have committed to doing *something* outside Quebec.
    WIND has spectrum all over the place that they haven't deployed, including Northern Quebec, Newfoundland, Labrador, New Brunswick, Yukon, NWT, Nunavut, PEI, Nova Scotia, etc, etc, etc. Just because they own it doesn't mean they have plans for it or are committed to using it.

  8. #8
    Join Date
    Mar 2014
    Posts
    937
    Feedback Score
    0
    Videotron only got the spectrum because they knew they could get it for the cheapest price possible. Because Wind was not in the auction.
    But now they want to become part of the Big 4. So they definitely want to capitalize on that spectrum.

  9. #9
    Join Date
    Oct 2012
    Posts
    727
    Feedback Score
    0
    Quote Originally Posted by cmstlist View Post
    A partnership could be interesting. I suppose VT could hold the spectrum but have WIND deploy it. Cross-roaming would also be great. I know VT already roams on Rogers but outside Quebec I'm sure WIND would still give them a better rate.
    probably very likely as quebecor probably doesn't want to lose their rogers roaming buddy.Making wind deploy it probably suits them better as wind then bears the cost of deploying it.

  10. #10
    Join Date
    Oct 2014
    Posts
    23
    Carrier(s)
    Wind Mobile
    Feedback Score
    0
    Let's hope Wind can iron something out with VT so they can get on that 700 MHZ and have some form of LTE. It's either that or buy out Mobi but that doesn't seem to have any traction at the moment.

  11. #11
    Join Date
    Jan 2011
    Location
    Mississauga
    Posts
    1,113
    Device(s)
    Huawei P20 Pro
    Carrier(s)
    Bell Mobility
    Feedback Score
    0
    Quote Originally Posted by bertbob View Post
    Let's hope Wind can iron something out with VT so they can get on that 700 MHZ and have some form of LTE. It's either that or buy out Mobi but that doesn't seem to have any traction at the moment.
    WIND wants to set up shop in Quebec. The second most populous province in the country. They are all about profit and even more so now that they're part of a Canadian conglomerate. Quebec is probably the reason they don't already have a million subscribers.

    If you ask me, the government messed up. Allowing another monopoly for form. Let's just hope they don't eventually let Videotron buy WIND. It probably would be smarter for WIND to just buy Mobi - but less profitable in the long run.

    The just put of a carrier access tariff so perhaps they're renting their network to Videotron in exchange.

    Or nothing is happening and we're just bickering for no reason.
    People fight too much on this forum. Can't we all just be friends?

  12. #12
    Join Date
    Mar 2014
    Posts
    937
    Feedback Score
    0
    I hope Videotron does not buys Wind or Mobile. It will become the Big 4. Prices will lower compared to what it is now in Ontario but will still be high. If that happens we will have more CRTC hearings 5-10 years from now about the possibility of Full MVNOs in Canada.

    Videotron has a Canada roaming agreement for Quebec plans but if Videotron opens up shop in Ontario Rogers will not get the same agreement.

  13. #13
    Join Date
    Oct 2012
    Posts
    727
    Feedback Score
    0
    on the bright side wind will take the crap videotron doesn't want in quebec and they take the premium takers willing to fork them the money except quebec plans will have to be properly worded so regulations don't mess wind up. I don't think it's videotron that's probably expensive but rather the regulations that's expensive in quebec.

  14. #14
    Join Date
    Mar 2014
    Posts
    937
    Feedback Score
    0
    on the bright side wind will take the crap videotron doesn't want in quebec
    I don't think Videotron wants to give anything away.

  15. #15
    Join Date
    Apr 2008
    Location
    Canada
    Posts
    7,293
    Carrier(s)
    Koodo (03/2015-present)
    Feedback Score
    0
    Quote Originally Posted by bluebell_rose View Post
    on the bright side wind will take the crap videotron doesn't want in quebec
    What do you even mean by that?

Page 1 of 2 1 2 LastLast

Similar Threads

  1. Replies: 9
    Last Post: 07-01-2013, 04:20 PM
  2. Verizon offers $700M for Wind, talks with Mobilicity
    By SharpieFiend in forum Freedom Mobile (previously Wind Mobile)
    Replies: 1
    Last Post: 06-26-2013, 09:33 AM
  3. Ericsson back in talks with Partner
    By eakenn in forum General Mobile Questions and Discussion
    Replies: 0
    Last Post: 09-02-2003, 02:27 PM
  4. Talk with CSR!
    By T-MOBILE GSM in forum T-Mobile
    Replies: 18
    Last Post: 09-14-2002, 12:26 AM

Bookmarks