July 13, 2014 3:34 PM ET

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Company Overview of Videotron Ltd.

Company Overview

Videotron Ltd. operates as a cable, mobile telephony, and Internet service provider in Canada. The company offers cable Internet access through cable modems; digital television services comprising approximately 52 television channels, audio services, 21 AM/FM radio channels, and an interactive programming guide; and cable telephony service through VoIP technology. It also provides video-on-demand service that enables digital cable customers to rent content from a library of movies, documentaries, and other programming through digital set-top box, Internet access, or mobile phone; and operates pay-per-view channels that allow its digital customers to order live events and movies based on a pr...

612 Saint-Jacques Street

Montreal, QC H3C 4M8

Canada

Founded in 1964

6,310 Employees

Phone:

514-281-1232

Key Executives for Videotron Ltd.

Chief Executive Officer
Age: 55
President and Chief Operating Officer
Age: 45
Senior Vice President of Sales Channel and President of Videotron Business Solutions
Age: 50
Senior Vice President of Operations
Age: 50
Chief Technological Officer
Age: 56
Compensation as of Fiscal Year 2014.

Videotron Ltd. Key Developments

Videotron Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Videotron Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, revenues were CAD 692,685,000, income before income taxes was CAD 125,413,000, income from continuing operations was CAD 107,687,000 and net income from continuing operations attributable to Shareholder was CAD 107,677,000 against revenues of CAD 660,928,000, income before income taxes of CAD 127,888,000, income from continuing operations of CAD 103,979,000 and net income from continuing operations attributable to shareholder of CAD 103,919,000 a year ago. Net income attributable to shareholder was CAD 107,677,000 against CAD 105,905,000 a year ago. Cash flows provided by continuing operating activities was CAD 180,187,000 against CAD 172,892,000 a year ago. Additions to fixed assets was CAD 143,041,000 against CAD 145,578,000 a year ago. Additions to intangible assets was CAD 68,924,000 against CAD 12,949,000 a year ago. During the first quarter of 2014, adjusted operating income grew by 7.0% to CAD 334.6 against CAD 312.7 million compared to the first quarter of 2013.

Videotron Ltd. Announces Closing of USD 600,000,000 Senior Notes Offering

Videotron Ltd. announced the closing of its issuance and sale of USD 600 million aggregate principal amount of 5 3/8% Senior Notes due 2024. The company intends to use the proceeds of this issuance to redeem on April 24, 2014 USD 260 million principal amount of its outstanding 9 1/8% Senior Notes due 2018, to repay drawings under its revolving credit facility, to pay transaction fees and expenses and to use the remainder for general corporate purposes.

Videotron Ltd. Announces Notice of Redemption for Portion of its 9 1/8% Senior Notes Due April 15, 2018

Videotron Ltd. announced that it has issued a notice of redemption for USD 260 million aggregate principal amount of its outstanding 9 1/8% Senior Notes due April 15, 2018. A notice of redemption pursuant to the terms of the indenture governing the notes is being distributed by Wells Fargo Bank, National Association, the trustee under the Indenture. The redemption notice issued states that the redemption date is April 24, 2014 and the redemption price is 103.042% of the principal amount of the notes redeemed, plus accrued and unpaid interest to the redemption date.

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