Videotron set to make major wireless network announcement
Pierre Karl Peladeau and Robert Depatie, CEOs of Quebecor and Videotron respectively invite the media to a press conference to announce details of plans to invest several hundred million dollars in Quebec in the roll-out of a new highly advanced wireless network.
The press conference will be held at 10:30 AM, Wednesday, October 22, 2008 at the Monument-National in Montreal.
Last Updated: Wednesday, October 22, 2008 | 1:48 PM ET
By Peter Nowak, CBC News
Quebecor Inc. CEO Pierre Karl Péladeau says his company is making good on a promise it delivered in spring 2007 to
launch a new cellphone network.
Quebec residents will have another cellphone provider to choose from in 12 to 18 months, when Quebecor Inc. launches a
wireless network to compete with incumbents Bell, Rogers and Telus.
The Montreal-based company announced on Wednesday that it plans to spend between $800 million to $1 billion, which
includes the $554 million it paid to acquire wireless spectrum last summer, over four years to build its network, which
will offer services through its Vidéotron subsidiary.