Quebecor Inc. saw an opportunity for Videotron Ltd. to expand its footprint nationally when Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc. was announced in March 2021.
In cross examination during the hearing on the deal Monday, Quebecor CEO Pierre Karl Peladeau confirmed that his company, which owns Videotron, viewed the proposed merger as a chance to potentially enter the wireless market in Western Canada.
Videotron acquired 3500 MHz spectrum in the summer of 2021, concentrated in southern and eastern Ontario, Manitoba, Alberta and British Columbia.The proposed sale of Freedom to Videotron is part of Rogers' strategy to get its broader deal across the finish line. Champagne -- who as minister of innovation, science and industry must approve any spectrum licence transfer -- left the door open to a revised agreement, saying he had two major stipulations.He also 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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