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Jun 9, 2017

Quebecor selling Toronto-area spectrum licence to Rogers for $184 million

Quebecor's headquarters in Montreal

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MONTREAL - Quebecor's Videotron unit is selling its advanced wireless services spectrum license in the Greater Toronto Area to Rogers Communications (RCIb.TO) for about $184 million.

The Montreal-based cable and telecommunications company will use money from the sale to upgrade and expand its high-speed wireless network in Quebec and eastern Ontario.

Quebecor Inc. (QBRb.TO) says it has regulatory approval for the transaction, which it expects to close within days.