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Freedom Mobile and Fizz Fuel Big Subscriber Growth for Quebecor
['Austin Blake']
iPhone in Canada
Quebecor posted its second quarter results with mobile subscriber growth and rising revenue per customer, something that is getting harder to pull off in Canadian wireless right now.
Free cash flow rose 11.7 per cent to $418.7 million and adjusted EBITDA came in at $627.4 million, a 3.7 per cent increase.
Mobile Growth Across Videotron, Freedom and FizzQuebecor added 53,200 net mobile lines in the quarter across Videotron, Freedom Mobile and Fizz.
Mobile service revenue climbed 9.2 per cent to $477.8 million, while Internet access revenue rose 3.1 per cent to $319.2 million.
On the balance sheet, Quebecor repaid $800 million under Videotron’s credit facilities during and just after the quarter.