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M&A Deal Summary

Vidéotron Telecom Acquires Freedom Mobile

On April 3, 2023, Vidéotron Telecom acquired communications company Freedom Mobile from Rogers Communications

Acquisition Highlights
  • This is Vidéotron Telecom’s 3rd transaction in the Communications sector.
  • This is Vidéotron Telecom’s 3rd transaction in Canada.
  • This is Vidéotron Telecom’s 1st transaction in Ontario.
Investment Fate
  • Freedom Mobile was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2023-04-03
Target Freedom Mobile
Sector Communications
Buyer(s) Vidéotron Telecom
Sellers(s) Rogers Communications
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

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 3 of 3
Sector: Communications M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Cablovision Warwick

Warwick, Quebec, Canada

Cablovision Warwick is a cable company that provides telecommunications services, based in Warwick, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-05 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.

Sell -

Seller(S) 1

SELLER

Rogers Communications

Toronto, Ontario, Canada
Category Company
Founded 1960
Sector Communications
Employees24,000
Revenue 20.6B CAD (2024)
DESCRIPTION

Rogers Communications is a diversified canadian communications and media company. It is a provider of wireless voice and data communications services and one of Canada's providers of cable television, high speed Internet and telephony services. Rogers Communications was founded in 1960 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-17 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.

Buy CA$2.9B
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