Quebecor annual revenues up 5.5%, driven by telecom

Quebecor Media Inc. recorded revenues of $1.15 billion in the fourth quarter of 2011, the company said Thursday. The company said its fourth quarter revenue total was up by $59.8 million, or 5.5 per cent, from the same period in 2010. Quebecor said in a release that its total revenues reached $4.21 billion in 2011, up by 5.2 per cent, or $206.5 million, from 2010. The company attributed the revenue increase to sustained growth in its telecom services. In its telecommunications segment, Quebecor said revenues increased by $201.9 million, or 9.1 per cent, from the segment's revenues a year earlier. The company said subsidiary Videotron Ltd. added 375,800 subscribers across all services in 2011. Videotron’s HSPA+ network became available to “nearly seven million people” in Quebec and Eastern Ontario on Dec. 31, 2011, the company said. There was a net increase of 154,500 subscriber connections to its mobile service for fiscal 2011, Quebecor said. The company said Videotron recorded a net increase of 49,900 cable TV customers in 2011, which included a 181,200 digital subscriber increase. Quebecor said “it was the strongest annual growth for the digital service since its launch in 1999.” The company said revenues from Videotron’s cable television services passed the $1 billion mark in 2011. Robert Dépatie, president and CEO of Videotron, said in a statement that Videotron will roll out a new high-speed Internet service in Quebec by May. He said the new service would offer download speeds of 200 Mbps and upload speeds of 30 Mbps. Dépatie said the new service will be launched in Quebec City, “where we launched in 2010, our Ultimate Speed Internet 120 .” Videotron said it first introduced 120 Mbps Internet access in 2010 based on the DOCSIS(R) 3.0 standard.

Quebecor annual revenues up 5.5%, driven by telecom

Brief | March 16, 2012

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