13:30:16 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Quebecor Inc
Symbol QBR
Shares Issued 153,965,202
Close 2023-05-19 C$ 34.67
Market Cap C$ 5,337,973,553
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Globe says Rogers, Quebecor heading to arbitration

2023-05-23 07:39 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Globe and Mail reports in its Saturday edition that Rogers and Quebecor's Videotron are heading to arbitration after failing to reach an agreement regarding the terms under which Videotron will be able to access Rogers's wireless network. The Globe's Alexandra Posadski writes that in 2021, after a lengthy review, the CRTC ruled that Rogers, BCE, Telus and SaskTel must sell wireless network access to eligible regional competitors which commit to building out their own infrastructure. The rates are to be negotiated between the parties, with final-offer arbitration available if they are unable to come to an agreement. In this case, representatives of Rogers and Quebecor said in a letter to the broadcast regulator that after numerous discussions, they have been unable to agree on commercial rates. The letter follows Quebecor acquiring Freedom Mobile, Canada's fourth-largest wireless carrier, which was being divested as part of Rogers's $20-billion takeover of Shaw. As part of that deal, Rogers and Quebecor entered into a number of commercial agreements granting Videotron access to various infrastructure owned by Rogers. At issue are terms relating to the CRTC's mobile virtual network operator, or MVNO, regime.

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