MONTRÉAL, March 3,
2022 /CNW Telbec/ - Quebecor takes note of the
statement by the Honourable François-Philippe Champagne, Minister of Innovation,
Science and Industry, regarding the proposed purchase of Shaw by
Rogers. The federal government's recognition of the importance of
ensuring healthy competition in Canada's telecommunications industry and its
readiness not to authorize the transfer of Shaw's wireless licenses
to Rogers represent a step in the right direction.
"As it stands, the proposed Rogers-Shaw transaction is contrary
to the public interest," said Pierre Karl Péladeau, President and
Chief Executive Officer of Quebecor. "As Bell, Rogers and Telus
already control 90% of Canada's
wireless market, it is imperative that we create the necessary
conditions for real competition in order to give consumers more
choice, better prices, better services and more innovation."
The pending Competition Bureau of Canada decision on the Rogers-Shaw transaction
could also be an opportunity to create the dynamics for real,
sustainable competition, for the benefit of Canadians.
About Quebecor
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.
Québec-based Quebecor (TSX: QBR.A, QBR.B) 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.
Visit our website: www.quebecor.com
Follow us on Twitter: twitter.com/Quebecor
SOURCE Québecor Média inc.