Quebecor Inc. CEO Pierre Karl Péladeau says he intends to accept the conditions laid out by Industry Minister François-Philippe Champagne around the sale of wireless carrier Freedom Mobile to Videotron Ltd., which is part of the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc.
Péladeau said in a statement Tuesday evening that Quebecor, which owns Videotron, agrees to incorporate the industry minister’s stipulations in a new version of the transaction, paving the way for Freedom’s sale to go through.
“They are in line with our business philosophy, which has proved highly successful in Quebec, where we have taken a significant market share in a very short span of time,” the statement said….