12:09:07 EDT Mon 20 May 2024
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or Name
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CA



Quebecor Inc
Symbol QBR
Shares Issued 153,965,202
Close 2023-07-24 C$ 32.82
Market Cap C$ 5,053,137,930
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Globe says Quebecor's Freedom works on dropped calls

2023-07-25 08:52 ET - In the News

The Globe and Mail reports in its Tuesday edition that Quebecor's Freedom Mobile wireless division is introducing "seamless" roaming, launching its first 5G services, sweetening roaming charges for existing customers and expanding into Quebec. The Globe's Irene Galea writes that Quebecor's Videotron acquired Freedom Mobile for $2.85-billion in March as part of Rogers Communications' much larger takeover of Shaw Communications. Since then, Quebecor has reiterated its plans to expand Videotron's wireless offerings across Canada. The company has promised to keep its phone plans at a 20-per-cent discount to the three other major incumbents (Bell Canada, Rogers and Telus) for 10 years from its benchmark date of last Feb. 10, or it will have to pay annual penalties totalling $200-million. As of July 24, Freedom Mobile is also implementing seamless handoff when moving between home and partner networks. Previously, when moving between networks, customer calls would sometimes drop, or data would be interrupted. In a 2021 filing to the CRTC, Videotron said that the absence of seamless roaming was the biggest barrier to its countrywide growth, particularly outside urban centres, and resulted in thousands of dropped calls per day.

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