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Quebecor Inc
Symbol C : QBR.B
Shares Issued 156,117,684
Close 2018-08-09 C$ 28.40
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Globe says Quebecor ekes out boost in wireless billing

2018-08-10 06:02 ET - In the News

The Globe and Mail reports in its Friday edition that Quebecor continues to attract a large share of Quebec's wireless subscribers, but monthly prices are growing at a slower pace. The Globe's Christine Dobby writes that the company said Thursday it added 31,900 new wireless subscribers in the second quarter, meeting forecasts. Its Videotron division drew 21 per cent of total new subscribers in its footprint, which is the province of Quebec and Ottawa, as it continues to lure an outsized amount of the market away from BCE, Rogers and Telus. Quebecor now has 1.1 million wireless subscribers compared with 10.6 million at Rogers, 9.3 million at BCE and nine million for Telus. Videotron's average billing per user (ABPU) was $53.70 a month, up just 0.7 per cent year-over-year, compared with a 5.6-per-cent increase at this time last year. This is similar to results reported by the Big Three. Quebecor also cited customers who have their own devices, which leads to lower revenue than those who buy expensive smart phones through the company. Bring-your-own-device customers represented 45 per cent of the company's new clients in the quarter. Quebecor reported overall revenue of $1.04-billion, up slightly from last year.

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