Videotron acquires Fibrenoire in a C$125 million transaction

Videotron acquired Fibrenoire, a telecommunications company specializing exclusively in fibre-optic connectivity services for businesses in Québec and Ontario. The deal is valued at CDN$125 million. The transaction will enable Videotron Business Solutions and Fibrenoire to join forces to meet the growing demand from business customers for fibre-optic connectivity. Videotron, a wholly owned subsidiary of Quebecor Media Inc., is an integrated communications company engaged in cable television, interactive multimedia development, Internet access, cable telephone and mobile telephone services. Videotron was advised by a Fasken Martineau team that included Constantinos Ragas and Lénie Tessier-Beaulieu.