Quebecor (QBR.A) and Videotron have invested nearly $10 million into new spectrum acquisitions.
These include 600 MHz spectrum in Manitoba and 3500 MHz spectrum in Quebec.
The purchases are in preparation for a major expansion across Canada following the potential acquisition of Freedom Mobile.
Videotron’s expansion in Manitoba paves the way to establish its wireless infrastructure outside of Quebec.
Videotron’s competitive pricing has reduced the cost of mobile plans in Quebec by 35-40 per cent compared to the rest of Canada. Quebecor’s wireless growth strategy involves the replication of this success in other provinces.