Quebecor Media Inc.'s Wireless Spending Plans
11 9월 2008 - 3:44AM
Marketwired
Further to articles published this morning in various newspapers
about Quebecor Media's (TSX: QBR.A)(TSX: QBR.B) wireless spending
plans, the Company would like to clarify that its plan to spend
between $800-1,000 M over the next four years covers the cost of
building out its network in Quebec, the operating losses expected
to occur in the first few years following commercial launch and the
cost of acquiring the spectrum, payment for which amounting to $555
M was completed on September 3rd, 2008.
About Quebecor Media Inc.
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:
QBR.A)(TSX: QBR.B), a communications company with operations in
North America, Europe and Asia. Quebecor Media owns operating
companies in numerous media-related businesses: Videotron Ltd., the
largest cable operator in Quebec and a major Internet Service
Provider and provider of telephone and business telecommunications
services; Sun Media Corporation, the largest publisher of
newspapers in Canada; TVA Group Inc., operator of the largest
French-language over-the-air television network in Quebec, a number
of specialty channels, and the English-language over-the-air
station Sun TV; Canoe Inc., operator of a network of English- and
French-language Internet properties in Canada; Nurun Inc., a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia; magazine publisher TVA
Publishing Inc.; book publisher and distributor Quebecor Media Book
Group Inc.; Archambault Group Inc. and TVA Films, companies engaged
in the production, distribution and retailing of cultural products;
Le SuperClub Videotron ltee, a DVD and console game rental and
retail chain; and Quebecor MediaPages, publisher of print and
online directories.
Contacts: Quebecor Media Inc. Jean-Francois Pruneau Treasurer
514-380-4144 pruneau.jean-francois@quebecor.com
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