Quebecor's Market-Leading Wireless Customer Additions Drive Market Share as the Firm Pushes National

Quebecor cable network reaches over 3.6 million homes in Canada, predominantly in Quebec, and we estimate that it serves over 50% of homes within this footprint. The firm has continued to invest in its network, predominantly in its fiber-to-the-home network, to offer high-speed internet services to households. We expect Quebecor will continue to benefit from its leading position and improved network, and forecast the firm continue to extend its penetration levels in its wireline business.