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Briefing

Videotron to acquire Cable Amos in challenge to Bell’s Quebec market presence

Cable Amos, which operates a television and internet network, currently serves 23 Quebec municipalities. The deal is subject to federal government approval; Montreal-based Videotron expects it to close in the spring of 2020. (The Logic)

Briefing

Videotron to acquire Cable Amos in challenge to Bell’s Quebec market presence

By Zane Schwartz
Dec 23, 2019
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Cable Amos, which operates a television and internet network, currently serves 23 Quebec municipalities. The deal is subject to federal government approval; Montreal-based Videotron expects it to close in the spring of 2020. (The Logic)

Talking point: This is the latest move in an escalating fight between Bell and Videotron for market share in Quebec. Last week, the Canadian Radio-television and Telecommunications Commission (CRTC) ordered Bell to provide its rival with access to its network in Abitibi-Témiscamingue, Que. at reasonable prices. Today’s announcement also focuses on the market potential of the region, which has almost 150,000 people. “We’re serious about establishing ourselves in Abitibi-Témiscamingue, as the transaction we are announcing today shows,” said Videotron CEO Jean-François Pruneau today. The battle for market share is a small part of a bigger fight raging between two of Canada’s largest media companies: Bell and Quebecor, which owns Videotron. Last week, the CRTC sided with Videotron in an unrelated dispute. Earlier this year, the two firms got in a protracted fight over the licence fees for each other’s sports channels.

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