Quebecor Media Inc.

Quebecor Media Inc.

October 22, 2009 15:30 ET

Advanced Wireless Services Networks: A Leap Forward for Quebec Communities and the Economy

Speech by Pierre Karl Peladeau

MONTREAL, QUEBEC--(Marketwire - Oct. 22, 2009) - Speaking at the Federation des chambres de commerce du Quebec (FCCQ) conference on the business of the future, Pierre Karl Peladeau, President and Chief Executive Officer of Quebecor, discussed his take on the digital revolution under way in Quebec and the role Quebecor intends to play in modernizing telecommunications infrastructures.

In his address, Mr. Peladeau noted that Canada has been lagging behind in the shift to latest-generation telecommunications technology. He suggested the reason lies largely in lack of competition and administrative and regulatory red tape.

"If we want to promote growth and to maintain our standard of living, we need to create a technological framework that supports innovation in all sectors of the economy," said Mr. Peladeau. "Around the world, investment in new-generation telecom infrastructures has been a core component of efforts to maintain economic leadership. Public authorities must commit to this process for the benefit of society as a whole. That means having the courage to fight special interests whose sole objective is to protect their established privileges."

Mr. Peladeau also discussed the benefits that will accrue to both individuals and businesses from the upgrading of communications infrastructures: in addition to the jobs that will be created and the new services that will be made available to Quebecers, the building of Quebecor's new network could exert downward pressure on prices, as occurred when Videotron launched its telephone service. Enriched service offerings at lower rates will help Quebec businesses improve productivity and enhance their competitiveness.

From an economic standpoint, the new services will foster business development: increased mobility and the availability of advanced functionalities will enable companies to improve operational efficiencies and strengthen their competitive posture.

"Our Advanced Wireless Services network is an important project for Quebec, an ambitious undertaking that will stimulate our entire economy and create growth opportunities for all businesses," said Mr. Peladeau. "I am particularly proud that we are once again preparing to inject new energy into a market plagued by a chronic lack of competition and innovation. And I am prouder still that we will thereby be improving infrastructures for society as a whole. At the end of the day, we will all benefit."

The build-out of Quebecor's Advanced Wireless Services network is one of the largest private investments made in Quebec in recent years.

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.

Contact Information