Sign in to follow this  
ErickMontreal

Wireless win will mean new growth for Quebecor: Peladeau

Recommended Posts

Wireless win will mean new growth for Quebecor: Peladeau

 

VIRGINIA GALT

Globe and Mail Update

August 5, 2008 at 9:21 AM EDT

 

Montreal-based media company Quebecor Inc. is “poised to embark on a new round of growth” as a result of its successful bid for a new wireless spectrum licences covering all of Quebec and part of the Toronto area, the company said Tuesday.

 

“This is a key strategic development for Quebecor media, since consumer demand for advanced wireless services is expected to increase substantially in the coming years,” said chief executive officer Pierre Karl Paul Peladeau, in releasing the company's second quarter financial results.

 

The company, which has gone through a major restructuring, reported consolidated net profit of $57.3-million, or 88 cents a share, compared with $43.2-million, or 77 cents a share, in the corresponding period a year earlier. The year-ago result was dragged down by a $6.7-million loss at the company's former printing subsidiary, Quebecor World Inc., which sought court protection from creditors earlier this year.

 

“Once again, Quebecor's very positive results were spearheaded by robust numbers in the cable segment, which continued to log strong customer growth for all its services,” Mr. Peladeau said.

Quebecor Inc.

 

“At the conclusion of the spectrum auction for advanced wireless services, Quebecor Media held standing high bids on 17 operating licences, covering all of Quebec and part of the Toronto area.”

 

Quebecor bid $554.6-million for the operating licences in the auction that closed late last month – an investment that pave the way for future growth by allowing the company to offer its customers “a still more complete and competitive array of cable and telecommunications services,” Mr. Peladeau said.

 

The company reported that consolidated revenue from continuing operations increased to $942.3-million, up 15.6 per cent from the corresponding period a year ago.

 

Revenue in the cable segment was up 20.3 per cent to $75.6-million, “reflecting continued customer growth for all services,” the company said.

 

Newspaper revenue was up 27.2 per cent to $65.7-million, due primarily to the acquisition of Osprey Media Income Fund in August, 2007, and broadcasting revenue was up 4.2 per cent to $4.5-million.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Similar Content

    • By GDS
      Some were questioning this one when it appeared on the Carte de projets that I posted earlier
       
      http://www.mtlurb.com/forums/showthread.php/19130-Carte-des-projets
       
      So here it is. I think brings to an end this little rendering blitz I have been on. Hope you all have enjoyed and it will inspire others to share.
       


    • By pedepy
      having recently walked through griffintown from downtown towards verdun i found that while the area is filled with many condo projects most of them look they have been there for quite a while and they all seem to be waiting after one another to 'pop' from the ground ... in the meantime the place still looks awfully desolate and abandoned and you have to think that this has an effect on the health of those projects - it's not like the city lacks any plans for griffintown but don't you think they should be more proactive about it and inject some fund in the neighborhood to help spur the growth of all these residential towers instead of waiting for them to actually get built before they do anything ? chicken and the egg kinda situation now it seems but imo the city should be the first to do actually do something and not the private developers .. after all all these years down the road its the city that will still be collecting tax funds if anything gets built - not the initial investors
    • By WestAust
      Ce projet va renaitre de ses cendres (en partie), via un autre promoteur
       
      Simon Property Group, Calloway REIT, and SmartCentres Announce Second Premium Outlet Center® in Canada to Serve Montreal Area
       
      INDIANAPOLIS, May 21, 2012 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG), the world's leading retail real estate company, Calloway Real Estate Investment Trust ("Calloway") (TSX: CWT-UN) and SmartCentres announced plans to develop their second Premium Outlet Center® in Canada. The center will be located in the Town of Mirabel, Quebec, approximately 20 miles north of Montreal. The project, called Montreal Premium Outlets®, is a joint venture between Simon, Calloway and SmartCentres. Simon will own 50% of the project.
       
      The Mirabel site is located on Highway 15 at Notre Dame Street. Phase 1 will be comprised of 350,000 square feet of gross leasable area and 80 stores. Construction is expected to begin in 2013. The first Simon and Calloway project, Toronto Premium Outlets, located in the Town of Halton Hills, is currently under construction and on schedule for a summer 2013 opening.
       
      "Due to the strong response to our first announced project in the Toronto area, we are excited to now bring the Premium Outlets branded concept of upscale outlet shopping to the Montreal area," remarked John R. Klein, President of Simon's Premium Outlets platform. "We are pleased to quickly expand our presence in Canada and our partnership with Calloway and SmartCentres to develop another first-class project."
       
      "Opening a new Premium Outlet Center in the Montreal area will help fulfill the merchant demand for growth in Canada while providing economic benefits in and around Mirabel," said Al Mawani, CEO of Calloway. "With more than four million residents in the area, we look forward to bringing a high-quality outlet shopping experience to the region."
       
      "We're pleased to be partnering with Simon Property Group, the world leader in the shopping and outlet center business. We are excited about bringing many new international designer brands to the Canadian consumer at affordable prices," said Mitchell Goldhar, CEO of SmartCentres.
       
       
      "I am delighted with this decision to develop a portion of the Lac Mirabel lands and welcome Premium Outlets to our city," said Hubert Meilleur, Mayor of the City of Mirabel. "They can count on the City's full cooperation in seeing this new project through to its successful completion. Being the first in Quebec to have a Premium Outlets concept is something for us to be very proud of."
      Simon Property Group's outlet portfolio comprises 70 Premium Outlet Centers® including 57 in the United States, one in Puerto Rico, eight in Japan, two in Korea and one in Malaysia and Mexico. Premium Outlet Centers in the United States are located primarily in or near major metropolitan markets such as New York, Los Angeles, Boston and Chicago and visitor markets such as Orlando, Las Vegas and Palm Springs. Premium Outlets properties are distinguished by their unparalleled mix of leading designers and name brands selling direct to consumers at significant savings with each being an architecturally distinct village setting with charm and ambiance.
       
      About Simon Property Group
       
      Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and the largest real estate company in the world. The Company currently owns or has an interest in 337 retail real estate properties in North America and Asia comprising 244 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more information, visit the Simon Property Group website at http://www.simon.com.
       
      About Calloway
       
      Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6 billion. It owns and manages approximately 26 million square feet in 118 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit http://www.callowayreit.com.
       
      About SmartCentres
       
      A privately held Canadian company, SmartCentres has developed more than 200 shopping centres in communities big and small, and operates in every province. SmartCentres is committed to bringing value to Canadian communities through the efficiencies of unenclosed shopping centre formats each adapted to the market in which it is located. For more information on SmartCentres, visit http://www.smartcentres.com.
       
      http://phx.corporate-ir.net/phoenix.zhtml?c=113968&p=irol-newsArticle&ID=1698130&highlight=
       
      SOURCE Simon Property Group, Inc.
    • By IluvMTL
      http://www.lienmultimedia.com/spip.php?article33716
       
      Betaville – Un jeu vidéo pour la planification urbaine
       
      27 novembre 2012, 00h05
      Avec tous les débats des dernières années à propos de la nécessité de tenir des consultations publiques en matière d’urbanisme, que ce soit dans le cas de l’échangeur Turcot ou de Griffintown, l’implantation de Betaville ne peut pas tomber mieux. Créé par Carl Skelton du Brooklyn Experimental Media Centre et Martin Koplin du M2C Institute for Media Technology and Culture de Brême, Betaville est un outil 3D de planification urbaine gratuit et en ligne, à l’usage des entreprises de design, des architectes, des promoteurs et de la communauté en général.
    • By MARTY
      I have it from a very good source. My cousin who works for a major glass curtain wall company in Monteal was at my home last week and he gave me a scoop.The company is presently working on windows for the new additions at P.E.T. and apparently sometime in 2016 a new project to replace the 50 + year old windows on the main building will be launched. I am hoping that he is right.
       
      :shhh: