Quebecor selling Toronto-area AWS-1 spectrum licence to Rogers for $184 million

Quebecor selling Toronto-area AWS-1 spectrum licence to Rogers for $184 million

MONTREAL — Quebecor’s Videotron unit is selling its advanced wireless services spectrum license in the Greater Toronto Area to Rogers Communications (TSX:RCI.B) 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. (TSX:QBR.B) says it has regulatory approval for the transaction, which it expects to close within days.

The Canadian Press

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