Freedom acquisition will help Quebecor lower prices, Péladeau tells tribunal
, said Monday that the company “saw a business opportunity” to get its foot in the Western Canadian market when the Rogers-Shaw merger was announced, something he wrote in his witness statement.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
“One of the thrusts of the Commissioner ’s case over the last two weeks is that Vidéotron can not likely succeed notwithstanding its best intentions,” said John Rook, a lawyer for Vidéotron.Article content But Péladeau said Vidéotron can offer lower prices if it can grow outside of Quebec, and that there’s no other way it could buy the 1.7 million customers it would add if its purchase of Freedom Mobile closes., which was also shown during the hearing, Péladeau said his company will work “to end the reign of the ‘Big 3′” — telco giants Rogers, BCE Inc. and Telus Corp. — by promoting competition and to deliver better prices outside Quebec.
Since taking a slice of Quebec’s wireless market with lower pricing, Péladeau has been vocal about his company’s plans to compete across the country.
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