MONTRÉAL, May 8, 2025 /CNW/ - In accordance with the TSX Company Manual, Quebecor Inc. (TSX: QBR.A) (TSX: QBR.B) is issuing this news release to disclose the voting results for the election of directors held at its Annual Meeting of Shareholders held today.

All of the proposed nominees were duly elected as directors of the Corporation by the shareholders present or represented by proxy at the meeting. The results of the vote were as follows:

CLASS "A" DIRECTORS *  

VOTES FOR 

%

VOTES WITHHELD  

%

André P. Brosseau

73,631,551

99.99

3,323

0.01

Michèle Colpron

73,627,285

99.98

7,589

0.02

Lise Croteau

73,628,481

99.99

6,393

0.01

Sylvie Lalande

73,627,681

99.99

7,193

0.01

Érik Péladeau

73,631,694

99.99

3,180

0.01

Jean B. Péladeau

73,628,224

99.99

6,650

0.01

MONTREAL, April 24, 2025 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc. will hold a conference call on Thursday, May 8th, 2025, at 1:00 PM, following the release of Quebecor Inc.'s consolidated results for the first quarter 2025. Media are invited to access the call on a listen-only basis.

Conference call:

Quebecor Inc. reports first quarter 2025 consolidated results

Thursday, May 8 th, 2025, 1:00 PM

Call-in number:

1-800-990-4777 (North America)

Or 514-400-3794 (Greater Montréal area)

To join the conference call without operator assistance, please register and enter your telephone number at the following address to receive an instant automatic callback: https://emportal.ink/423QrFx

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc.;

Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc.

MONTRÉAL, May 2, 2025 /CNW/ - The Annual Meeting of Shareholders of Quebecor (TSX: QBR.A) (TSX: QBR.B) will be held on Thursday, May 8, 2025, at 9:30 a.m. Media representatives are invited to attend the meeting, which will be followed by a press conference given by Sylvie Lalande, Chair of the Board of Directors of Quebecor Inc. and Quebecor Media inc., and Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor Inc. and Quebecor Media Inc.

Date:

Thursday, May 8, 2025

Time:

9:30 a.m., followed by a press conference around 11 a.m.

Place:

Montreal

RSVP:

By noon on Wednesday, May 7, by sending an email to medias@quebecor.com

* Only journalists, cameramen and photographers who have received an email confirming their admission to the meeting will be granted access.

MONTRÉAL, May 2, 2025 /CNW/ - The Annual Meeting of Shareholders of Quebecor (TSX: QBR.A) (TSX: QBR.B) will be held on Thursday, May 8, 2025, at 9:30 a.m. Media representatives are invited to attend the meeting, which will be followed by a press conference given by Sylvie Lalande, Chair of the Board of Directors of Quebecor Inc. and Quebecor Media inc., and Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor Inc. and Quebecor Media Inc.

Date:

Thursday, May 8, 2025

Time:

9:30 a.m., followed by a press conference around 11 a.m.

Place:

Montreal

RSVP:

By noon on Wednesday, May 7, by sending an email to medias@quebecor.com

* Only journalists, cameramen and photographers who have received an email confirming their admission to the meeting will be granted access.

MONTREAL, April 24, 2025 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc. will hold a conference call on Thursday, May 8th, 2025, at 1:00 PM, following the release of Quebecor Inc.'s consolidated results for the first quarter 2025. Media are invited to access the call on a listen-only basis.

Conference call:

Quebecor Inc. reports first quarter 2025 consolidated results

Thursday, May 8 th, 2025, 1:00 PM

Call-in number:

1-800-990-4777 (North America)

Or 514-400-3794 (Greater Montréal area)

To join the conference call without operator assistance, please register and enter your telephone number at the following address to receive an instant automatic callback: https://emportal.ink/423QrFx

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc.;

Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc.

MONTREAL, Feb. 13, 2025 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc. will hold a conference call on Thursday, February 27th, 2025, at 11:00 AM, following the release of Quebecor Inc.'s consolidated results for the fourth quarter and full year 2024. Media are invited to access the call on a listen-only basis.

Conference call:

Quebecor Inc. reports fourth quarter and full year 2024 consolidated results Thursday, February 27th, 2025, 11:00 AM

Call-in number:

1-877-293-8052 (Canada-US)

Participant code:

27370#

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc.    and Quebecor Media Inc.;

Hugues Simard, Chief Financial Officer, Quebecor Inc. and  Quebecor Media Inc.

MONTRÉAL, Feb. 27, 2025 /PRNewswire/ - Quebecor Inc. ("Quebecor" or the "Corporation") today reported its consolidated financial results for the fourth quarter and full year of 2024. Quebecor consolidates the financial results of its Quebecor Media Inc. ("Quebecor Media") subsidiary. 

Highlights

2024 financial year and recent developments

In 2024, Quebecor recorded cash flows provided by operating activities of $1.72 billion, up $256.8 million (17.6%), adjusted EBITDA1 of $2.37 billion, up $129.7 million (5.8%), and revenues of $5.64 billion, up $204.1 million (3.8%) compared with 2023.The Telecommunications segment increased its adjusted cash flows from operations2 by $62.7 million (3.7%), its adjusted EBITDA by $105.1 million (4.7%), and its revenues by $181.1 million (3.9%).Revenues from mobile services and equipment increased by $324.4 million or 15.9% due to the impact of the acquisition of Freedom Mobile Inc. ("Freedom") and revenue growth at Videotron Ltd. ("Videotron").There was a net increase of 373,300 (9.9%) connections to the mobile telephony service and 251,300 (3.3%) total revenue‑generating units3 ("RGUs") in the Telecommunications segment.The Media and Sports and Entertainment segments also grew their adjusted EBITDA by $24.2 million and $4.4 million respectively in 2024.Quebecor's net income attributable to shareholders was $747.5 million ($3.23 per basic share), up $97.0 million ($0.41 per basic share) or 14.9%.Adjusted income from operating activities4 was $747.0 million ($3.23 per basic share), an increase of $58.9 million ($0.25 per basic share) or 8.6%.The consolidated net debt leverage ratio decreased to 3.31x, the lowest among Canada's major telecoms.The quarterly dividend on the Corporation's Class A Multiple Voting Shares ("Class A Shares") and Class B Subordinate Voting Shares ("Class B Shares") was increased from $0.325 to $0.35.On January 28, 2025, Freedom announced a major upgrade to its services: State‑of‑the‑art 5G+ technology was henceforth included in all monthly mobile plans, regardless of price. 5G+ access was also automatically added to the 5G plans of all existing customers with compatible phones, at no extra cost. As well, Freedom expanded international roaming options for its customers by extending the scope of Roam Beyond, a revolutionary plan that lets users enjoy the features of their mobile plan in over 100 global destinations.In 2024, Freedom and Fizz announced the expansion of their service areas in several regions of British Columbia, Alberta and Manitoba through agreements reached under the Canadian Radio‑television and Telecommunications Commission's ("CRTC") Mobile Virtual Network Operator ("MVNO") framework.On February 20, 2025, Videotron announced the expansion of its wireless service area in several sectors of the Municipalité régionale de comté ("MRC") de Témiscamingue. Residents and businesses in these sectors can now subscribe to Videotron wireless services. This followed the expansion of Videotron's service area in the MRC de la Haute‑Côte‑Nord and the MRC de Charlevoix‑Est announced on December 12, 2024, and in the Gaspésie and Côte‑Nord regions announced on September 26, 2024.On April 10, 2024, Videotron announced that it would help improve wireless coverage in outlying regions of Québec by installing at least 37 new cell towers in Abitibi‑Témiscamingue and the Laurentians in partnership with the Québec government.On May 7, 2024, Freedom announced the phased roll‑out of its affordable new wireline Internet and TV services, Freedom Home Internet and Freedom TV, becoming a true multi‑service player capable of addressing a new customer segment seeking bundled offers.On February 5, 2025, Fizz announced the launch of Fizz TV, an all‑digital television service. Available to all Fizz Internet subscribers in Québec, Fizz TV is differentiated by a pick‑and‑pay model that lets users build their own low‑cost TV plan.On October 2, 2024, Quebecor, through its Quebecor Out‑of‑Home division, acquired the Canada‑wide out‑of‑home advertising business of Media Group Inc. ("NEO‑OOH") and integrated it into Québecor Affichage Neo Inc. The Corporation can now offer its advertising partners more than 17,000 advertising faces across Canada, a unified platform with new reach and power that complements Quebecor's comprehensive multiplatform advertising offering.On June 26, 2024, Event Management Gestev Inc. ("Gestev") acquired Evenma, a company that manages popular and corporate events including the renowned Festivent and Festibières festivals. This acquisition is an important step in Gestev's expansion, strengthening its leadership position in the events market.In May 2024, the Corporation obtained Investment Grade ratings from the credit rating agencies S&P Global Ratings, which upgraded Videotron's unsecured debt from BB+ to BBB‑, and Moody's Ratings, which upgraded Videotron's unsecured debt from Ba2 to Baa3. Following these new ratings, all liens on Videotron's assets granted to the bank lenders were terminated and the related debt instruments (including derivatives) are now unsecured.On June 17, 2024, Videotron redeemed at maturity its Senior Notes in aggregate principal amount of US$600.0 million, bearing interest at 5.375%, and unwound the related hedging contracts for a total cash consideration of $662.3 million.On June 25, 2024, the Corporation redeemed all its outstanding 4.0% convertible debentures for a total aggregate principal amount of $150.0 million. Pursuant to the terms of the debentures, the Corporation elected to settle the redemption in shares and consequently issued and delivered 5,161,237 Class B Shares to the holders.On November 8, 2024, Videotron issued US$700.0 million aggregate principal amount of 5.700% Senior Notes maturing on January 15, 2035 for net proceeds of $964.6 million. Videotron used the net proceeds, together with drawings on its revolving credit facility, to repay in full its $700.0 million Tranche A term loan maturing in October 2025 and its 5.750% Senior Notes maturing in 2026 in the amount of $375.0 million. On June 21, 2024, Videotron also issued $600.0 million aggregate principal amount of Senior Notes bearing interest at 4.650% and maturing on July 15, 2029, and $400.0 million aggregate principal amount of Senior Notes bearing interest at 5.000% and maturing on July 15, 2034, for total net proceeds of $992.6 million.

MONTRÉAL, Feb. 27, 2025 /CNW/ - Quebecor Inc. ("Quebecor" or the "Corporation") today reported its consolidated financial results for the fourth quarter and full year of 2024. Quebecor consolidates the financial results of its Quebecor Media Inc. ("Quebecor Media") subsidiary. 

Highlights

2024 financial year and recent developments

In 2024, Quebecor recorded cash flows provided by operating activities of $1.72 billion, up $256.8 million (17.6%), adjusted EBITDA1 of $2.37 billion, up $129.7 million (5.8%), and revenues of $5.64 billion, up $204.1 million (3.8%) compared with 2023.The Telecommunications segment increased its adjusted cash flows from operations2 by $62.7 million (3.7%), its adjusted EBITDA by $105.1 million (4.7%), and its revenues by $181.1 million (3.9%).Revenues from mobile services and equipment increased by $324.4 million or 15.9% due to the impact of the acquisition of Freedom Mobile Inc. ("Freedom") and revenue growth at Videotron Ltd. ("Videotron").There was a net increase of 373,300 (9.9%) connections to the mobile telephony service and 251,300 (3.3%) total revenue‑generating units3 ("RGUs") in the Telecommunications segment.The Media and Sports and Entertainment segments also grew their adjusted EBITDA by $24.2 million and $4.4 million respectively in 2024.Quebecor's net income attributable to shareholders was $747.5 million ($3.23 per basic share), up $97.0 million ($0.41 per basic share) or 14.9%.Adjusted income from operating activities4 was $747.0 million ($3.23 per basic share), an increase of $58.9 million ($0.25 per basic share) or 8.6%.The consolidated net debt leverage ratio decreased to 3.31x, the lowest among Canada's major telecoms.The quarterly dividend on the Corporation's Class A Multiple Voting Shares ("Class A Shares") and Class B Subordinate Voting Shares ("Class B Shares") was increased from $0.325 to $0.35.On January 28, 2025, Freedom announced a major upgrade to its services: State‑of‑the‑art 5G+ technology was henceforth included in all monthly mobile plans, regardless of price. 5G+ access was also automatically added to the 5G plans of all existing customers with compatible phones, at no extra cost. As well, Freedom expanded international roaming options for its customers by extending the scope of Roam Beyond, a revolutionary plan that lets users enjoy the features of their mobile plan in over 100 global destinations.In 2024, Freedom and Fizz announced the expansion of their service areas in several regions of British Columbia, Alberta and Manitoba through agreements reached under the Canadian Radio‑television and Telecommunications Commission's ("CRTC") Mobile Virtual Network Operator ("MVNO") framework.On February 20, 2025, Videotron announced the expansion of its wireless service area in several sectors of the Municipalité régionale de comté ("MRC") de Témiscamingue. Residents and businesses in these sectors can now subscribe to Videotron wireless services. This followed the expansion of Videotron's service area in the MRC de la Haute‑Côte‑Nord and the MRC de Charlevoix‑Est announced on December 12, 2024, and in the Gaspésie and Côte‑Nord regions announced on September 26, 2024.On April 10, 2024, Videotron announced that it would help improve wireless coverage in outlying regions of Québec by installing at least 37 new cell towers in Abitibi‑Témiscamingue and the Laurentians in partnership with the Québec government.On May 7, 2024, Freedom announced the phased roll‑out of its affordable new wireline Internet and TV services, Freedom Home Internet and Freedom TV, becoming a true multi‑service player capable of addressing a new customer segment seeking bundled offers.On February 5, 2025, Fizz announced the launch of Fizz TV, an all‑digital television service. Available to all Fizz Internet subscribers in Québec, Fizz TV is differentiated by a pick‑and‑pay model that lets users build their own low‑cost TV plan.On October 2, 2024, Quebecor, through its Quebecor Out‑of‑Home division, acquired the Canada‑wide out‑of‑home advertising business of Media Group Inc. ("NEO‑OOH") and integrated it into Québecor Affichage Neo Inc. The Corporation can now offer its advertising partners more than 17,000 advertising faces across Canada, a unified platform with new reach and power that complements Quebecor's comprehensive multiplatform advertising offering.On June 26, 2024, Event Management Gestev Inc. ("Gestev") acquired Evenma, a company that manages popular and corporate events including the renowned Festivent and Festibières festivals. This acquisition is an important step in Gestev's expansion, strengthening its leadership position in the events market.In May 2024, the Corporation obtained Investment Grade ratings from the credit rating agencies S&P Global Ratings, which upgraded Videotron's unsecured debt from BB+ to BBB‑, and Moody's Ratings, which upgraded Videotron's unsecured debt from Ba2 to Baa3. Following these new ratings, all liens on Videotron's assets granted to the bank lenders were terminated and the related debt instruments (including derivatives) are now unsecured.On June 17, 2024, Videotron redeemed at maturity its Senior Notes in aggregate principal amount of US$600.0 million, bearing interest at 5.375%, and unwound the related hedging contracts for a total cash consideration of $662.3 million.On June 25, 2024, the Corporation redeemed all its outstanding 4.0% convertible debentures for a total aggregate principal amount of $150.0 million. Pursuant to the terms of the debentures, the Corporation elected to settle the redemption in shares and consequently issued and delivered 5,161,237 Class B Shares to the holders.On November 8, 2024, Videotron issued US$700.0 million aggregate principal amount of 5.700% Senior Notes maturing on January 15, 2035 for net proceeds of $964.6 million. Videotron used the net proceeds, together with drawings on its revolving credit facility, to repay in full its $700.0 million Tranche A term loan maturing in October 2025 and its 5.750% Senior Notes maturing in 2026 in the amount of $375.0 million. On June 21, 2024, Videotron also issued $600.0 million aggregate principal amount of Senior Notes bearing interest at 4.650% and maturing on July 15, 2029, and $400.0 million aggregate principal amount of Senior Notes bearing interest at 5.000% and maturing on July 15, 2034, for total net proceeds of $992.6 million.

QUÉBEC CITY, Dec. 3, 2024 /CNW/ - Quebecor proudly announced today that it has donated $10 million to the Fondation du CHU de Québec's $60 million campaign in support of the new hospital complex, the NCH. This major gift is the largest corporate donation the Fondation has received since its creation in 2013.

The historic agreement was announced this morning at the Centre intégré de cancérologie du CHU de Québec-Université Laval (CHU) by Pierre Karl Péladeau, President and CEO of Quebecor, Francis Morin, Acting President and CEO of the Fondation du CHU de Québec, and Martin Beaumont, President and CEO of the CHU de Québec-Université Laval, with Christian Dubé, Québec Minister of Health, and Bruno Marchand, Mayor of Québec City, in attendance.

MONTREAL, Oct. 24, 2024 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc. will hold a conference call on Thursday, November 7th, 2024, at 11:00 AM, following the release of Quebecor Inc.'s consolidated results for the third quarter 2024. Media are invited to access the call on a listen-only basis.

Conference call:

Quebecor Inc. reports third quarter 2024 consolidated results Thursday, November 7th, 2024, 11:00 AM

Call-in number:

1-877-293-8052 (Canada-US)

Participant code:

55218#

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc.    and Quebecor Media Inc.;

Hugues Simard, Chief Financial Officer, Quebecor Inc. and  Quebecor Media Inc.

MONTRÉAL, Oct. 28, 2024 /CNW/ - It has been 10 years since Fernand Leduc (1916-2014) passed away. Quebecor is pleased to honour him with an exhibition of his work, which has been enormously influential in Quebec and beyond, at its head office gallery.

"I am very happy with the presence of this exhibition in homage to the painter Fernand Leduc at the Espace musée Québecor. He is certainly one of the giants in the history of painting in Quebec and Canada. This exhibition, I hope, will remind us why Fernand Leduc is considered by many to be the painter of light," says Pierre Karl Péladeau, President and CEO of Quebecor.

MONTREAL, Oct. 24, 2024 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and Quebecor Media Inc. will hold a conference call on Thursday, November 7th, 2024, at 11:00 AM, following the release of Quebecor Inc.'s consolidated results for the third quarter 2024. Media are invited to access the call on a listen-only basis.

Conference call:

Quebecor Inc. reports third quarter 2024 consolidated results Thursday, November 7th, 2024, 11:00 AM

Call-in number:

1-877-293-8052 (Canada-US)

Participant code:

55218#

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer, Quebecor Inc.    and Quebecor Media Inc.;

Hugues Simard, Chief Financial Officer, Quebecor Inc. and  Quebecor Media Inc.

MONTREAL, July 25, 2024 /CNW/ - Pierre Karl Péladeau, President and Chief Executive Officer,

Quebecor Inc. and Quebecor Media Inc. and Hugues Simard, Chief Financial Officer, Quebecor Inc. and

Quebecor Media Inc. will hold a conference call on Thursday, August 8th, 2024, at 11:00 AM, following the release of Quebecor Inc.'s consolidated results for the second quarter 2024. Media are invited to access the call on a listen-only basis.

Conference call:

 

Quebecor Inc. reports second quarter 2024 consolidated results Thursday, August 8th, 2024, 11:00 AM  

Call-in number:

1-877-293-8052 (Canada-US)

Participant code:  

69843#

Speakers:

Pierre Karl Péladeau, President and Chief Executive Officer,  Quebecor Inc.  and Quebecor Media Inc.

Hugues Simard, Chief Financial Officer, Quebecor Inc. and  Quebecor Media Inc.

MONTRÉAL, Aug. 8, 2024 /CNW/ - Quebecor Inc. ("Quebecor" or "the Corporation") today reported its consolidated financial results for the second quarter of 2024.

Second quarter 2024 highlights

In the second quarter of 2024, Quebecor recorded revenues of $1.39 billion, down $11.6 million (‑0.8%), adjusted EBITDA1 of $624.9 million, up $19.7 million (3.3%) and adjusted cash flows from operations2 of $449.7 million, down $5.6 million (‑1.2%) compared with the same period of 2023.The Telecommunications segment reported a $14.3 million (‑1.2%) decrease in revenues, stable adjusted EBITDA, and a $15.7 million (‑3.4%) decrease in adjusted cash flow from operations, which reflects sustained investment in the Canada‑wide expansion plan.There was a net increase of 66,200 revenue‑generating units ("RGUs")3 (0.9%) in the second quarter of 2024, including 93,500 connections (2.4%) to the mobile telephony service.TVA Group Inc. ("TVA Group") recorded a $5.2 million (3.7%) increase in revenues and a $17.0 million favourable variance in adjusted EBITDA compared with the second quarter of 2023, due in part to an agreement on carriage fees for the LCN specialty channel, which gave rise to a $10.2 million favourable retroactive adjustment.The Sports and Entertainment segment's revenues decreased by $3.4 million (‑7.0%) and its adjusted EBITDA by $2.0 million in the second quarter of 2024.Quebecor's consolidated net income attributable to shareholders: $207.6 million ($0.90 per basic share), up $33.5 million ($0.15 per basic share) or 19.2%.Adjusted income from operating activities:4 $205.1 million ($0.89 per basic share), up $22.8 million ($0.10 per basic share) or 12.5%.In the second quarter of 2024, Fizz and Freedom announced the expansion of their service areas in several regions of Canada, including Manitoba, through agreements reached under the Canadian Radio-television and Telecommunications Commission ("CRTC")'s Mobile Virtual Network Operator ("MVNO") regime. This expansion continued on July 23, 2024, when Freedom announced the addition of some 50 cities and communities in Alberta and British Columbia to its service area.On May 7, 2024, Freedom Mobile Inc. ("Freedom") announced the phased roll‑out of its affordable new wireline Internet and TV services, Freedom Home Internet and Freedom TV, becoming a true multi‑service player and positioning itself to address a new customer segment seeking bundled offers.On April 10, 2024, Videotron announced that it would help improve wireless coverage in outlying regions of Québec by installing at least 37 new cell towers in Abitibi‑Témiscamingue and the Laurentians in partnership with the Québec government.Both Videotron and Freedom performed very well in the mid‑year report released by the Commission for Complaints for Telecom‑television Services (CCTS) on April 25, 2024. Videotron's and Freedom's outstanding customer service and their determination to resolve issues promptly are reflected in this report. While the volume of complaints logged by CCTS about the telecom industry as a whole rose sharply by 43.1%, Videotron stood out from the other major players with a significant drop of 11.4%, while Freedom saw its percentage of complaints decrease from 6.5% to 4.7% compared to the industry total volume of complaints.On June 26, 2024, Event Management Gestev Inc. ("Gestev") acquired Evenma, a company that manages popular and corporate events including the renowned Festivent and Festibières festivals. This acquisition is an important step in Gestev's expansion, strengthening its leadership position in the events market.On May 6, 2024, S&P Global Ratings upgraded Videotron's unsecured debt from BB+ to BBB‑ with stable outlook. On May 30, 2024, Moody's Ratings upgraded Videotron's unsecured debt from Ba2 to Baa3 with stable outlook. On June 13, 2024, following these new ratings, all liens on Videotron's assets granted to bank lenders were terminated and the related debt instruments (including derivative financial instruments) are now unsecured.On June 21, 2024, Videotron issued $600.0 million aggregate principal amount of Senior Notes bearing interest at 4.650% and maturing on July 15, 2029, and $400.0 million aggregate principal amount of Senior Notes bearing interest at 5.000% and maturing on July 15, 2034, for total net proceeds of $992.6 million.On June 17, 2024, Videotron redeemed at maturity its Senior Notes in aggregate principal amount of US$600.0 million, bearing interest at 5.375%, and unwound the related hedging contracts for a total cash consideration of $662.3 million.On June 25, 2024, Quebecor redeemed all of its outstanding 4.0% convertible debentures in the aggregate principal amount of $150.0 million. Pursuant to the terms of the debentures, the Corporation elected to settle the redemption in shares and consequently issued and delivered 5,161,237 Class B Subordinate Voting Shares ("Class B Shares") to the holders.

MONTRÉAL, Aug. 8, 2024 /PRNewswire/ - Quebecor Inc. ("Quebecor" or "the Corporation") today reported its consolidated financial results for the second quarter of 2024.

Second quarter 2024 highlights

In the second quarter of 2024, Quebecor recorded revenues of $1.39 billion, down $11.6 million (‑0.8%), adjusted EBITDA1 of $624.9 million, up $19.7 million (3.3%) and adjusted cash flows from operations2 of $449.7 million, down $5.6 million (‑1.2%) compared with the same period of 2023.The Telecommunications segment reported a $14.3 million (‑1.2%) decrease in revenues, stable adjusted EBITDA, and a $15.7 million (‑3.4%) decrease in adjusted cash flow from operations, which reflects sustained investment in the Canada‑wide expansion plan.There was a net increase of 66,200 revenue‑generating units ("RGUs")3 (0.9%) in the second quarter of 2024, including 93,500 connections (2.4%) to the mobile telephony service.TVA Group Inc. ("TVA Group") recorded a $5.2 million (3.7%) increase in revenues and a $17.0 million favourable variance in adjusted EBITDA compared with the second quarter of 2023, due in part to an agreement on carriage fees for the LCN specialty channel, which gave rise to a $10.2 million favourable retroactive adjustment.The Sports and Entertainment segment's revenues decreased by $3.4 million (‑7.0%) and its adjusted EBITDA by $2.0 million in the second quarter of 2024.Quebecor's consolidated net income attributable to shareholders: $207.6 million ($0.90 per basic share), up $33.5 million ($0.15 per basic share) or 19.2%.Adjusted income from operating activities:4 $205.1 million ($0.89 per basic share), up $22.8 million ($0.10 per basic share) or 12.5%.In the second quarter of 2024, Fizz and Freedom announced the expansion of their service areas in several regions of Canada, including Manitoba, through agreements reached under the Canadian Radio-television and Telecommunications Commission ("CRTC")'s Mobile Virtual Network Operator ("MVNO") regime. This expansion continued on July 23, 2024, when Freedom announced the addition of some 50 cities and communities in Alberta and British Columbia to its service area.On May 7, 2024, Freedom Mobile Inc. ("Freedom") announced the phased roll‑out of its affordable new wireline Internet and TV services, Freedom Home Internet and Freedom TV, becoming a true multi‑service player and positioning itself to address a new customer segment seeking bundled offers.On April 10, 2024, Videotron announced that it would help improve wireless coverage in outlying regions of Québec by installing at least 37 new cell towers in Abitibi‑Témiscamingue and the Laurentians in partnership with the Québec government.Both Videotron and Freedom performed very well in the mid‑year report released by the Commission for Complaints for Telecom‑television Services (CCTS) on April 25, 2024. Videotron's and Freedom's outstanding customer service and their determination to resolve issues promptly are reflected in this report. While the volume of complaints logged by CCTS about the telecom industry as a whole rose sharply by 43.1%, Videotron stood out from the other major players with a significant drop of 11.4%, while Freedom saw its percentage of complaints decrease from 6.5% to 4.7% compared to the industry total volume of complaints.On June 26, 2024, Event Management Gestev Inc. ("Gestev") acquired Evenma, a company that manages popular and corporate events including the renowned Festivent and Festibières festivals. This acquisition is an important step in Gestev's expansion, strengthening its leadership position in the events market.On May 6, 2024, S&P Global Ratings upgraded Videotron's unsecured debt from BB+ to BBB‑ with stable outlook. On May 30, 2024, Moody's Ratings upgraded Videotron's unsecured debt from Ba2 to Baa3 with stable outlook. On June 13, 2024, following these new ratings, all liens on Videotron's assets granted to bank lenders were terminated and the related debt instruments (including derivative financial instruments) are now unsecured.On June 21, 2024, Videotron issued $600.0 million aggregate principal amount of Senior Notes bearing interest at 4.650% and maturing on July 15, 2029, and $400.0 million aggregate principal amount of Senior Notes bearing interest at 5.000% and maturing on July 15, 2034, for total net proceeds of $992.6 million.On June 17, 2024, Videotron redeemed at maturity its Senior Notes in aggregate principal amount of US$600.0 million, bearing interest at 5.375%, and unwound the related hedging contracts for a total cash consideration of $662.3 million.On June 25, 2024, Quebecor redeemed all of its outstanding 4.0% convertible debentures in the aggregate principal amount of $150.0 million. Pursuant to the terms of the debentures, the Corporation elected to settle the redemption in shares and consequently issued and delivered 5,161,237 Class B Subordinate Voting Shares ("Class B Shares") to the holders.