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Freedom acquisition by Videotron would favour competition, says Péladeau

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A parliamentary committee questioned if Videotron would be a real competitor against Canada’s big three telecom companies with the acquisition of Freedom Mobile. “We will be the long-awaited fourth player,” said Pierre Karl 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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