Quebecor Media Inc.

Quebecor Media Inc.

December 18, 2014 17:20 ET

AWS-3 Spectrum Auction: Quebecor Is Pleased With New Entrant Provisions

MONTRÉAL, QUÉBEC--(Marketwired - Dec. 18, 2014) - Quebecor Media takes note with great interest of today's announcements by the Honourable James Moore, Minister of Industry, particularly the one relating to the rules for the AWS-3 spectrum auction planned for March 2015.

The government's initial version of those rules had called for a substantial block of spectrum to be set aside for new entrants. Today's announcement follows through on that provision.

"Quebecor Media is pleased that the government has followed through on its policy by setting aside a significant amount of mobile spectrum for new entrants," said Pierre Dion, President and CEO of Quebecor and Quebecor Media. "Minister Moore's announcements definitely go in the right direction, and today is certainly a good day for Canadian consumers."

Quebecor Media maintains, however, that other regulatory measures, including roaming fees based on the real cost of network usage and better terms for tower-sharing, are required for the emergence of true competition in mobile services, for the benefit of all Canadians. Those issues were the subject of a recent CRTC proceeding and a decision is expected within weeks.

About Quebecor Media

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.

Quebecor (TSX:QBR.A)(TSX:QBR.B) is headquartered in Québec. It holds a 75.36% interest in Quebecor Media, which employs close to 14,000 people in Canada.

A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports people working with more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.

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