Jun 9, 2017
Quebecor selling Toronto-area spectrum licence to Rogers for $184 million
The Canadian Press
MONTREAL - Quebecor's Videotron unit is selling its advanced wireless services spectrum license in the Greater Toronto Area to Rogers Communications (RCIb.TO) for about $184 million.
The Montreal-based cable and telecommunications company will use money from the sale to upgrade and expand its high-speed wireless network in Quebec and eastern Ontario.
Quebecor Inc. (QBRb.TO) says it has regulatory approval for the transaction, which it expects to close within days.
