Last week, Videotron issued a press release shedding some light on the progress of its HSPA network deployment. Its 3G+ Advanced Wireless Services (AWS) rollout is on schedule for a summer 2010 launch.
Videotron still anticipates launching its AWS offering in the summer of 2010, when its new High Speed Packet Access (HSPA) network is expected to be operational. The optimization of Videotron’s AWS build-out and launch project over the past year has evolved, resulting in a corresponding evolution of the project’s investment profile as compared to Videotron’s initial estimates. Nevertheless, Videotron believes that this will not have a material impact on Videotron’s results of operations or financial position, because Videotron anticipates that its optimized AWS project will further benefit its penetration, revenue generation and cash conversion objectives.
Videotron’s HSPA deployment will focus on Quebec where Quebecor, its parent company, purchased the majority of the available spectrum in the wireless auction that took place in 2008.