Vidéotron says it has reached a deal to buy northwest Quebec-focused Télédistribution Amos Inc., also known as Cable Amos, and its television and internet network.
Montreal-based Vidéotron says the acquisition will give residents in the Abitibi-Témiscamingue region access to services including Helix, its new home-entertainment and management platform.
Financial terms of the deal were not disclosed.
Vidéotron, a subsidiary of Quebecor Media Inc., says it had already planned to expand in the area, but that the takeover will allow it to connect an even greater number of residents.
The region is also served by Bell Canada subsidiary Cablevision du Nord de Québec inc.
Cable Amos management says the deal with Videotron will create healthy competition in the region, with the larger company better positioned to respond to changes in the industry.
Vidéotron says the deal, which is subject to approval by Innovation, Science and Economic Development Canada, should close in the spring of 2020.
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