News Summary

Quebecor reported strong growth in its wireless segment for Q1 2025, driven by its subsidiaries Freedom Mobile and Fizz. The Montreal-based company saw a 10.1% increase in net income to $190.7 million, with adjusted income from operations rising by 13.5% to $185.1 million. Despite a slight revenue decline to $1.34 billion due to weaker telecom equipment sales, the company’s mobile segment added 54,400 lines, marking the highest growth among Canadian telecom providers. Freedom Mobile’s rollout of 5G+ speeds across Ontario, Alberta, and B.C. contributed to this success. Fizz, Quebecor’s discount brand, also saw rapid adoption of its new Fizz TV service. Quebecor’s strategic moves, including share repurchases and debt reduction, have positioned it as a leader in price elasticity within the wireless market.