Strong Wireless Service Revenue Growth
Quebecor reported the strongest quarterly wireless service revenue growth since acquiring Freedom Mobile, with a 6.4% increase in mobile revenue and 114,000 net additions in the quarter.
Increased EBITDA and Cash Flow
EBITDA increased by $34 million or 6% to $628 million, with cash flows from operating activities rising by $36 million or 7% compared to the same quarter last year.
Expanded Network Coverage
Network expansions included over 180,000 new households in Quebec and further coverage in Ontario, enhancing connectivity for new regions.
Successful Refinancing
Videotron issued $800 million of senior notes yielding 3.95%, with the issuance being over 3x oversubscribed, demonstrating strong investor demand.
Improved ARPU and Churn Metrics
Consolidated mobile ARPU improved with a $0.29 gain over three months, and churn rates reached some of the lowest in the industry.