Ever since filing for bancrupcy protection late last year, Quebecor CEO Pierre Karl Péladeau stated that he’s intent on making Quebecor Inc., (which owns Videotron) on making its planned mobile-phone service a key component of its business.
Quebecor Media committet to spending $1 billion over the next 18 months to build its new wireless business. “We’re investing with a medium- and long-term perspective. There is no future for a cable and telecom company that doesn’t invest in its technology. Wireless is the future.”