Overview

• Quebecor’s CEO said the company will not follow Telus’s sale of 49.9 per cent of its tower portfolio to the Caisse de dépôt et placement du Québec or Rogers’ similar transaction with Blackstone and pension funds
• The firm posted second-quarter net income of $217.7 million, up from $207.6 million a year earlier, on revenue of $1.38 billion, marginally below last year’s level
• Quebecor added 72,000 net wireless subscribers in Q2 while losing 3,200 internet cable customers, underscoring its shift toward mobile expansion and calibrated pricing
• CFO Hugues Simard confirmed Videotron will avoid further price aggression against Bell in Quebec’s wireline market and maintain a disciplined competitive stance
• TVA Group’s EBITDA fell to $1.8 million from $11.4 million, sparking discussions of specialty channel closures but ruling out a full media-unit sale