Quebecor Inc Shs -B- Subord.Voting
QBR.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 15.00 | Gcnrlj | Hkxhjxwxp |
With Freedom Mobile in Tow, Expansion Outside Quebec Provides Quebecor’s Best Opportunities
Business Strategy and Outlook
Telecom dominates Quebecor’s business, making up more than 85% of revenue and all of its EBITDA. The firm has historically focused its telecom efforts in Quebec, where it dominates the fixed-line market--providing broadband service to 60% of the homes its network passes--and holding its own in wireless against national providers. We estimate Quebecor has a 21% wireless market share in Quebec.