Just over a year after the acquisition of Freedom Mobile on April 3, 2023, Quebecor is pleased to announce that it has fulfilled all nine undertakings made by its Videotron Ltd. subsidiary to Innovation, Science and Economic Development Canada (ISED) at the time of the transaction.

 

The Progress Report on Fulfilment of Videotron Ltd.’s Undertakings submitted to ISED on July 3 describes this remarkable progress, including:

 

• Maintaining the prices of wireless plans by introducing a Mobility Price Freeze Guarantee for all current and future customers of Freedom Mobile;

• Promoting competition and lowering wireless prices by offering affordable mobile packages backed by an enhanced customer experience, which was instrumental in the 26.6% reduction in the wireless component of the Consumer Price Index1 during the year following the acquisition of Freedom Mobile;

• Extending Freedom Mobile and Fizz services to Manitoba and other Canadian markets through MVNO2 agreements;

• Offering low-cost 5G plans to an ever-growing number of Canadians.

 

The full report is available here.

 

Quebecor intends to build on these achievements and continue working with regulatory and government authorities to further strengthen competition for the benefit of all Canadian consumers.

 

¹ Source : Statistics Canada
^{2 Mobile Virtual Network Operator}