Freedom acquisition by Videotron would favour competition, says Péladeau

A parliamentary committee heard a lively debate over whether or not Videotron would be a real competitor against Canada’s big three telecom companies with the acquisition of Freedom Mobile.A man enters Freedom Mobile store in Toronto on Thursday, November 24, 2016.

The $2.85-billion sale to Quebec-based Videotron of Western Canada’s Freedom cellphone network would expand Canada’s threesome of mayors in the cellphone market to four, Pierre Karl Péladeau told a House of Commons committee Wednesday. “We will be the long-awaited fourth player,” said Péladeau, president and CEO of Quebecor Media Inc., which owns Videotron, a Quebec-based cable, telecommunications and television broadcasting company.Read up to 3 free articles per week.

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MPs question officials on Rogers-Shaw takeover’s impact on industry’s competitivenessIndustry committee re-examining deal after the proposed divestiture of Shaw’s Freedom Mobile to Quebecor Rogers is too big already now there will no competition and us consumers already pay more than we should We have no competition in Canada and we’re getting robbed and getting robbed by the government. If this goes through I’m going to be livid once again!
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MPs to grill Rogers, Shaw, Videotron execs on telecom mega-mergerThe Competition Bureau opposed the merger but was overruled by the Competition Tribunal and the court. Block this FP_Champagne This is great comedy!! Yes, MPs are gonna GRILL rich businessmen!!!
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