Videotron and Rogers announced a 20-year, LTE network sharing agreement in the province of Québec and the Ottawa region. The two companies will pool their efforts to quickly build out and operate a shared LTE wireless network. The deal will deliver capital and operating savings, allowing both companies to reinvest in their customers and networks. Videotron and Rogers will maintain their business independence, including their product and service portfolios, billing systems and customer data.
In addition to the network sharing agreement, Videotron and Rogers have also come to an agreement regarding Videotron's unused AWS spectrum in the Greater Toronto Area. Videotron will have the option to transfer its Toronto spectrum licence to Rogers, subject to regulatory approvals, beginning January 1, 2014 for a price of $180 million.
Rogers said the deal builds on its extensive LTE footprint across Canada, including Montreal, Ottawa and Québec City. The fast-paced rollout of LTE infrastructure will position the two companies to meet the steadily growing needs of consumers and businesses, ensuring many more can enjoy incredibly fast speeds, throughput and take advantage of the latest and greatest LTE enabled devices.
Videotron serves 1,849,200 cable television customers in Québec, including 1,500,300 subscribers Digital TV. Videotron also has 1,397,300 subscribers to its cable Internet service, 420,900 subscriber connections to its mobile telephone service, and 1,274,000 subscribers to its cable telephone service.
"This agreement will benefit businesses and consumers and is part of Rogers focused, strategic game plan," said Nadir Mohamed, President and CEO, Rogers Communications Inc. "This network and spectrum sharing agreement, combined with the expansion of our LTE footprint, will allow even more consumers to experience the superior connectivity and incredibly fast speeds that LTE delivers."
"This is excellent news for our customers and our shareholders. This agreement will enable us to go farther and to do it faster and is indicative of our determination to anticipate our customers' needs and to maintain the close relationship we have built with them." said Robert Dépatie, President and CEO of Quebecor Inc. and CEO of Videotron.
http://www.rogers.com
http://www.videotron.com
