Friday, January 8, 2016

Videotron Acquires Fibrenoire

Videotron has acquired Fibrenoire, which provides fibre-optic connectivity services for businesses in Québec and Ontario. Fibrenoire deploys and operates its own 4,500-km+ fibre-optic network in the Toronto, Ottawa, Montréal and Québec City metropolitan areas. The purchase price was $125 million.

"We are very pleased to welcome Fibrenoire's talented team to our ranks," said Manon Brouillette, President and CEO of Videotron. "This transaction will strengthen Videotron's leadership in the business telecom market. Combining our expertise and our distinct but complementary facilities will equip us to continue our growth in the Québec business market."

Videotron, a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in cable television, interactive multimedia development, Internet access, cable telephone and mobile telephone services. Videotron serves 1,745,900 cable television customers, including 1,564,600 Digital TV subscribers. Videotron is also the Québec leader in high-speed Internet access, with 1,559,500 subscribers to its cable service as of September 30, 2015. As of the same date, Videotron had 742,500 subscriber connections to its mobile telephone service and was providing cable telephone service to  1,329,500 Québec households and organizations.

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