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General

Videotron revenues rise in Q4 driven by mobile, internet and especially Club Illico

Thursday 14 March 2019 | 12:00 CET | News

Quebecor’s Telecommunications division, including Videotron, had revenues for the fourth quarter advance to USD 866.1 million from a restated 841.7 million the year earlier, while the adjusted EBITDA climbed to USD 425.9 million from a restated 394.9 million. Growth was again driven by all Videotron segments and namely its mobile, internet and Club Illico operations. Videotron also noted it qualified as a bidder in December for the auction of licenses in the 600 MHz band. The auction is set to start on 12 March.

Videotron added 34,400 revenue generating units (RGUs) in the quarter, an increase of 0.6 percent. The figure includes 33,100 connections to its mobile telephony service (+3%), 7,000 subscriptions to its cable internet access service (+0.4%) and 17,900 memberships in Club Illico (+4.4%). 

For the full year, revenues at Telecommunications went higher to USD 3.382 billion from a restated 3.287 billion year-on-year, while the adjusted EBITDA lifted to USD 1.677 billion from a restated 1.557 billion. At Videotron, revenue rose 13.8 percent at mobile telephony, 4.7 percent at internet access, and 18.4 percent at OTT video service Club Illico. 

Total average billing per unit (ABPU) for 2018 lifted to USD 49.51 from 48.23 the year before, while mobile ABPU went 0.7 percent higher to USD 53.62. Videotron added 109,2100 revenue-generating units in 2018, up 0.19 percent. The increase included 129,800 connections to mobile telephony (+12.7%), 38,000 subscriptions to the company’s cable internet access service (+2.3%) and 59,200 memberships in Club Illico (+16.4%). 

Videotron sold its 4Degrees Colocation data centre operations in January for USD 261.6 million, and said it made an estimated gain on disposal of USD 118 million. The sum will recognised in the first quarter of 2019, while USD 53 million will be deferred in connection with conditional adjustments. 

 



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Categories: General
Companies: Quebecor / Videotron
Countries: Canada
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