Quebecor Media will purchase the preferred shares of Videotron Telecom Ltd from The Carlyle Group for $94 million. The purchase gives Quebecor a business telecommunications services firm that offers local switch dial tone, long distance, high speed data transmission and Internet connectivity capabilities. “This transaction will allow us to fully implement our business strategies and further accelerate
Advertisement
Quebecor Media will purchase the preferred shares of Videotron Telecom Ltd from The Carlyle Group for $94 million. The purchase gives Quebecor a business telecommunications services firm that offers local switch dial tone, long distance, high speed data transmission and Internet connectivity capabilities.
“This transaction will allow us to fully implement our business strategies and further accelerate the development of our telephony, Internet and data transmission services,” said Pierre Karl Peladeau, president and CEO of Quebecor.
