Videotron's Q2 boosted by mobile
Videotron highlighted a big jump in mobile service subscribers as it released its second-quarter earnings, taking pride of place over decent growth in its cable business.
Of the company's 52,700 revenue-generating units (RGUs) added during the quarter, 45,900 were mobile service subscribers. Videotron added a total of 30,100 RGUs in the second quarter a year ago.
By June 30, Videotron's 4G network was available to more than 6 million people. Videotron said it now has more than 210,000 customers for its mobile services.
That 210,000 remains a sliver of its total; Videotron reported a total of 4.42 million revenue-generating units as of the end of the second quarter. Even so, it just began tying together its fixed and mobile broadband services by putting them together in a bundle; earlier this week, the company launched its new High-Speed Internet Combo package, which includes both residential and mobile Internet service.
The company also said it is preparing for the launch of the next generation of illico, its Web brand, in the coming months.
Videotron ended the second quarter with 1.8 million cable television customers, including 1.27 million households and businesses.
As of June 30, there were 1.27 million residential and business subscribers to Videotron's cable Internet access services.
The company also claimed 1.14 million residential and business subscribers to its cable telephone service.
Parent Quebecor said revenue increased in all business segments, though profit was down a bit. Quebecor President and CEO Pierre Karl Peladeau called out the startup costs associated with the establishment of mobile voice and broadband services.