Wireless gains boost profit at Quebecor's Videotron

(Reuters) - Videotron, the phone, cable-TV and Internet services division of Canadian media company Quebecor Inc, posted solid revenue growth and a jump in quarterly profit on Wednesday, mostly due to mobile-phone growth and one-off financial gains. Profit jumped almost 69 percent to C$161.9 million ($164.4 million)in the fourth quarter on a 7 percent rise in revenue, and Quebecor's shares were up by 12 Canadian cents at C$35.85 early on Wednesday afternoon. Videotron, focused on the French-speaking province of Quebec, added 32,500 wireless subscribers in the fourth quarter, ended December 31. ...

Source: http://news.yahoo.com/wireless-gains-boost-profit-quebecors-videotron-153712760.html

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