Quebecor announced today the sale of Videotron’s Advanced Wireless Services (AWS-1) spectrum licence in the Greater Toronto region to Rogers Communications Canada Inc. for approximately $184 million, pursuant to the transfer option held by Videotron since 2013.
The transaction has been approved by the competent regulatory authorities. It is expected to close in the coming days.
Videotron moves forward with its network investment program
This transaction will notably assist in funding Videotron’s ongoing network investment plans in Quebec and Eastern Ontario. These plans include an aggressive 4G network expansion and densification, anticipated 5G network deployment and upgrades to the company’s Internet Protocol (IP) wireline network. These investments will contribute to further enhance competition in wireless and wireline services in Quebec and Eastern Ontario.