Quebecor Inc.‘s Videtron has acquired wireless, TV, home phone, and cellular company Cablovision Warwick Inc., which has been operating in the Centre-du-Quebec region for almost 50 years.
Videotron CEO Jean-François Pruneau said in a statement Thursday that the company plans to invest in Cablovision Warwick’s existing infrastructure “in order to offer residents and businesses in the towns they currently serve our state-of-the-art product line.”
“Cablovision Warwick is so highly regarded and known in the region because of the incredible work of David Ouellette and his family over the past four decades,” Quebecor CEO Pierre Karl Péladeau said in the release.
Ouellete said he believes Videotron is able to respond to shifting customer needs and that “it was only natural for me to pass the torch to Videotron because of the ties we have developed over the years.”
Financial details of the acquisition were not released Thursday. Cablovision Warwick’s customers will be able to continue using their services as usual. Videotron said people currently covered by that network will also be able to access its IPTV service Helix in the coming months.
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