Quebecor Inc Shs -B- Subord.Voting

QBR.B: XTSE (CAN)

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Canadian Telecom: We See Value in Scale Despite Tough Industry Dynamics

Martin Szumski

Sep 1, 2026

We transfer coverage of the Canadian telecom providers: Rogers, BCE, Telus, Quebecor, and Cogeco. These firms account for nearly all of the wireless and wireline services provided in Canada, with all but Cogeco operating national wireless networks, and Rogers and BCE the largest wireline networks.

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Quebecor Inc Shs -B- Subord.Voting

Canadian Telecom: We See Value in Scale Despite Tough Industry Dynamics

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