Montréal, May 27, 2015 – In response to remarks made this morning in the National Assembly during question period, Videotron would like to set the record straight on the interest rates charged on customer accounts that are overdue or in default.
Videotron's interest rates are in fact the lowest in the Québec telecommunications industry. Videotron charges 1.5% per month or 19.56% per year, whereas Bell charges 3% per month or 42.58% per year. Telus, Rogers, Cogeco and Shaw charge 2% per month or 26.82% per year.
Videotron (www.videotron.com), 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 is a leader in new technologies with its illico interactive television service and its broadband network, which supports high-speed cable Internet access, analog and digital cable television, and other services. As of March 31, 2015, Videotron was serving 1,770,600 cable television customers, including 1,555,500 Digital TV subscribers. Videotron is also the Québec leader in high-speed Internet access, with 1,543,100 subscribers to its cable service as of March 31, 2015. As of the same date, Videotron had 662,100 subscriber connections to its mobile telephone service and was providing cable telephone service to 1,344,600 Québec households and organizations. For the tenth consecutive year, Videotron was ranked as Québec's most respected telecommunications company, based on a Léger survey.
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