Videotron has reached an agreement to acquire Teledistribution Amos (Cable Amos) and its network. Videotron expects to integrate Abitibi-Temiscamingue residents living in Cable Amos' service area in the coming months.
Videotron announced plans to expand into Abitibi-Temiscamingue in rural southwest Quebec in July 2019.
"We're serious about establishing ourselves in Abitibi-Temiscamingue, as the transaction we are announcing today shows," said Jean-François Pruneau, president and CEO of Videotron. "As we have been saying, we are evaluating growth opportunities in the region and will seize those that are promising. We are excited about offering our services to local residents."
"We are proud to pass the torch to Videotron," said Cable Amos management. "This was not a random choice. We are convinced that Videotron is the company best able to create healthy competition in the region. Customer needs are changing, and only Videotron is in a position to respond to the new realities."
Cable Amos currently serves Amos, Senneterre, Barraute, Lebel-sur-Quevillon, Belcourt, Ste-Gertrude-Manneville, Launay, Trecesson, Berry, Champneuf, La Motte, Landrienne, La Corne, Preissac, St-Felix-de-Dalquier, St-Mathieu-d'Harricana, St-Marc-de-Figuery, La Morandiere, Rochebeaucourt, Guyenne, St-Dominique-du-Rosaire, Pikogan and Riviere-Heva. Residents covered by Cable Amos' wireline network will have access to Helix, Videotron's new home entertainment and management platform.
The acquisition is expected to close in the spring of 2020. It is subject to approval by Innovation, Science and Economic Development Canada and to customary conditions. Videotron's teams will then meet with Abitibi residents living in Cable Amos' service area to present Videotron's products and start taking installation appointments.
Videotron was already planning to offer its products and services in the rest of the region by interconnecting to the Cablevision network.