Videotron has reached an agreement to acquire Télédistribution Amos inc. (Cable Amos) and its network. The Québec telecom leader expects that Abitibi-Témiscamingue residents living in Cable Amos' service area will be able to join its subscriber family in the coming months.
"We're serious about establishing ourselves in Abitibi-Témiscamingue, as the transaction we are announcing today shows," says 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," adds 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-Quévillon, Belcourt, Ste-Gertrude-Manneville, Launay, Trécesson, Berry, Champneuf, La Motte, Landrienne, La Corne, Preissac, St-Felix-de-Dalquier, St-Mathieu-d'Harricana, St-Marc-de-Figuery, La Morandière, Rochebeaucourt, Guyenne, St-Dominique-du-Rosaire, Pikogan and Rivière-Héva. Residents covered by Cable Amos' wireline network will be able to experience 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. With this acquisition, Videotron will be able to connect an even greater number of Abitibi-Témiscamingue residents.