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M&A Deal Summary

Quebecor Acquires Freedom Mobile

On July 5, 2024, Quebecor acquired communications company Freedom Mobile from Vidéotron Telecom

Acquisition Highlights
  • This is Quebecor’s 2nd transaction in the Communications sector.
  • This is Quebecor’s 6th transaction in Canada.
  • This is Quebecor’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2024-07-05
Target Freedom Mobile
Sector Communications
Buyer(s) Quebecor
Sellers(s) Vidéotron Telecom
Deal Type Divestiture

Target

Freedom Mobile

Toronto, Ontario, Canada
Freedom Mobile is a wireless telecommunications provider founded on a simple pledge: Freedom from data overages and freedom from gouging. Freedom Mobile was founded in 2008 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Quebecor

Montreal, Quebec, Canada
Category Company
Founded 1965
Sector Communications
Employees11,000
Revenue 5.6B CAD (2024)
DESCRIPTION

Quebecor is a telecommunications, entertainment, news media, and culture-integrated communications company. Driven by the determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Quebecor was founded in 1965 and is based in Montreal, Quebec.

DEAL STATS #
Overall 6 of 6
Sector: Communications M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 3 of 3
Country: Canada M&A 6 of 6
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Audiogram

Montreal, Quebec, Canada

Audiogram is an operator of independent French-language record labels in North America with over 10 million albums sold worldwide, a publishing subsidiary, a show production division, and a neighboring rights collection service. Audiogram was founded in 1984 and is based in Montreal, Quebec.

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Seller(S) 1

SELLER

Vidéotron Telecom

Montreal, Quebec, Canada
Category Company
Founded 1989
Sector Communications
DESCRIPTION

Vidéotron Telecom Ltée was a facilities-based competitive local exchange carrier providing local, long distance, Internet access and data services to businesses in the province of Quebec, Canada.

DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Freedom Mobile

Toronto, Ontario, Canada

Freedom Mobile is a wireless telecommunications provider founded on a simple pledge: Freedom from data overages and freedom from gouging. Freedom Mobile was founded in 2008 and is based in Toronto, Ontario.

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