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Quebecor Media Inc.

09:49 AM EST - Quebecor Media Inc. : Announced the sale of seven 2,500 MHz and 700 MHz wireless spectrum licences outside Quebec, held by Videotron, to Shaw Communications Inc. for a consideration of $430 million. The sale includes three 700 MHz licences covering southern Ontario and the entirety of the provinces of Alberta and British Columbia, and four 2500 MHz licences covering the major urban centres in those provinces, namely Toronto, Edmonton, Calgary and Vancouver. Quebecor Media Inc.
shares T.QBR.A are trading up $0.73 at $41.34.