MONTRÉAL, Oct. 17,
2023 /CNW/ - Quebecor is pleased to note that
the decisive factor in the decline of Canadian wireless service
prices shown this morning in Statistics Canada's monthly Consumer
Price Index (CPI) report is increased competition from Videotron,
Fizz and Freedom Mobile. Consumers are the ones to benefit.
Between September 2022 and
September 2023, the CPI rose by 3.8%
but the wireless component of the index fell 12.9%. Since
April 2023, when Videotron acquired
Freedom Mobile, wireless prices have declined by almost 20%.
"New data from Statistics Canada confirms what we have promised:
Since its acquisition by Videotron, Freedom Mobile has been driving
change and competitors are following suit," said Pierre Karl
Péladeau, President and CEO of Quebecor. "Even as consumer prices
are going up across the board, wireless prices are falling, leaving
more money in the pockets of Canadian families and benefiting the
entire economy."
About Quebecor Inc.
Quebecor, a Canadian leader in telecommunications,
entertainment, news media and culture, is one of the
best–performing integrated communications companies in the
industry. Driven by their determination to deliver the best
possible customer experience, all of Quebecor's subsidiaries and
brands are differentiated by their high–quality, multiplatform,
convergent products and services.
Quebecor (TSX: QBR.A) (TSX: QBR.B) is headquartered in Québec
and employs more than 10,000 people in Canada.
A family business founded in 1950, Quebecor is strongly
committed to the community. Every year, it actively supports more
than 400 organizations in the vital fields of culture, health,
education, the environment, and entrepreneurship.
SOURCE Québecor Média inc.