RGU is not a measurement that is consistent with IFRS and the Corporation's definition and calculation of RGU may not be the same as identically titled measurements reported by other companies or published by public authorities.The Corporation uses ABPU, an industry metric, as a key performance indicator.
"We strongly believe that both the process used and the conclusions reached by the CRTC were and are deeply flawed.
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An RGU represents, as the case may be, subscriptions to the cable Internet, cable television and Club illico services, and subscriber connections to the mobile telephony and cable telephony services.
Quebecor: Quebecor Inc. (QBCRF) CEO Pierre Karl Péladeau on Q4 2019 Results - Earnings Call Transcript
The Board oversees management of the Corporation’s commercial and internal affairs with a view to creating shareholder value.
As described under "Changes in Accounting Policies" below, on "Quebecor generated solid 7.4% growth in adjusted EBITDA in the third quarter of 2019 compared with the same quarter of 2018. "During the quarter, we once again demonstrated our ability to stay at the leading edge of evolving consumer needs and maintain our position as a leader in innovation and customer experience.
"TVA Group Inc.'s ("TVA Group") consolidated adjusted EBITDA increased by "Videotron again demonstrated that it is regarded as a first-class issuer and we are very pleased with the response to the issuance on the Canadian market of high-yield notes in the aggregate principal amount of "On the matter of aggregated wholesale access by resellers to the Internet networks of the large cable and telephone companies, we note the interim stay of the Canadian Radio‑television and Telecommunications Commission's ("CRTC") order regarding access rates, which was granted by the Federal Court of Appeal on September 27, 2019," Pierre Karl Péladeau stated.
Quebecor reports Q4 results.
(in millions of Canadian dollars, except for earnings per share data) (Gain) loss on valuation and translation of financial instruments Restructuring of operations, litigation and other itemsOther comprehensive income (loss) from continuing operations:Gain (loss) on valuation of derivative financial instrumentsGain on valuation and translation of financial instruments Restructuring of operations, litigation and other itemsGain on valuation and translation of financial instrumentsRestructuring of operations, litigation and other itemsGain on valuation and translation of financial instruments Restructuring of operations, litigation and other itemsLoss on valuation and translation of financial instrumentsRestructuring of operations, litigation and other itemsThe Chief Executive Officer uses adjusted EBITDA as the measure of profit to assess the performance of each segment.
This measure eliminates the significant level of impairment and depreciation/amortization of tangible and intangible assets and is unaffected by the capital structure or investment activities of the Corporation and its business segments.
The Corporation's definition of adjusted income from continuing operating activities may not be identical to similarly titled measures reported by other companies.
This is also considered the "top-line" of the income statement. We will continue executing our business strategies and investing in innovative projects to ensure continued success and sustainable growth for the benefit of our shareholders and all our stakeholders," Pierre Karl Péladeau concluded.Table 2 presents segmented adjusted EBITDA for the last eight quarters, restated to reflect the retroactive application of IFRS 16.To explain the effect of choices made in applying a change in accounting policies, Table 5 also provides a reconciliation of adjusted EBITDA to net income, without restatement of comparative figures following adoption of IFRS 16, as permitted under International Financial Reporting Standards ("IFRS").In the first nine months of 2019, the Corporation purchased and cancelled 2,672,056 Class B Shares for a total cash consideration of $80.5 million (7,535,300 Class B Shares for a total cash consideration of In the first nine months of 2019, 180,000 Class B Shares of Quebecor were issued upon exercise of stock options for a cash consideration of $2.7 million (100,000 Class B Shares for a cash consideration of For a detailed analysis of Quebecor's third quarter 2019 results, please refer to the Management Discussion and Analysis and condensed consolidated financial statements of Quebecor, available on the Corporation's website at Quebecor will hold a conference call to discuss its third quarter 2019 results on November 7, 2019, at 11:00 a.m. EST.