Quebecor CEO agrees to industry minister’s conditions around sale of Freedom Mobile

Peladeau said in a statement Tuesday eveningthat Quebecor, which owns Videotron, agrees to incorporate the industry minister’s stipulations in a new version of the transaction, paving the way for Freedom’s sale to go through.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The sale of Freedom Mobile to Videotron would see Quebecor buy all of Freedom’s branded wireless and internet customers as well as all of Freedom’s infrastructure, spectrum and retail locations in a move that would expand Quebecor’s wireless operations nationally. Secondly,Champagne said he would “expect to see” wireless prices in Ontario and Western Canada lowered by about 20 per cent, putting them in line with Videotron’s current Quebec offerings.

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Quebecor CEO agrees to industry minister's conditions around sale of Freedom MobileMONTREAL — Quebecor Inc. CEO Pierre Karl Peladeau says he intends to accept the conditions laid out by Industry Minister Francois\u002DPhilippe Champagne around the…
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Quebecor CEO agrees to industry minister's conditions around sale of Freedom MobileMONTREAL — Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd.
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