Québecor (TSE: QBR-R) President and CEO Pierre Karl Péladeau stated that there are no plans to sell the company’s cell towers, according to MSN. This statement was made in response to a question about TELUS’s (NYSE: TU) recent transaction, where 49.9 percent of approximately 3,000 of TELUS’s towers was sold for nearly $1 billion to La Caisse, one of Canada’s largest pension fund managers, Inside Towers reported.
Péladeau characterized such infrastructure asset sales as offering short-term financial solutions with potential long-term risks. Montréal-based Québecor says it intends to independently finance its infrastructure, diverging from tower sale trends observed in the U.S. and Europe. Péladeau noted that the company’s current financial position makes this approach feasible.
Québecor’s telecom properties include Vidéotron, a cable, fiber, and mobile network operator headquartered in Montréal, as well as an MVNO dubbed Fizz, and Freedom Mobile, a Toronto-based mobile network operator. Québecor acquired Freedom Mobile as part of Rogers Communications’ (NYSE: RCI) acquisition of Shaw Communications in 2024, Inside Towers reported.
Inside Towers Intelligence estimates that Vidéotron, operating primarily in Québec, owns around 1,000 towers and Freedom Mobile owns and operates over 1,600 towers; more than half of these are located in Ontario and the remainder in Alberta and British Columbia.
Québecor is now the fourth largest mobile network operator in Canada, after Rogers, Bell Canada (NYSE: BCE), and TELUS, although its tower count is substantially less than each of the Big 3, according to Inside Towers Intelligence. Telecom accounted for over 85 percent of Québecor’s $1 billion revenue in 2Q25. During the quarter, Québecor added 72,000 new mobile subscribers but lost 3,200 internet customers, mainly due to intense competition from Bell in Québec’s cable market.
By John Celentano, Inside Towers Business Editor
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