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EXHIBIT 12.3
VIDEOTRON LTÉE
COMPUTATION OF RATIO OF EBITDA TO CASH INTEREST EXPENSE
(DOLLARS IN MILLIONS, EXCEPT FOR RATIO OF EBITDA TO CASH INTEREST EXPENSE)
| YEAR ENDED DECEMBER 31, | NINE MONTHS ENDED SEPTEMBER 30, | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||
CANADIAN GAAP | |||||||||||||||
EBITDA(1) | $ | 210.3 | $ | 277.7 | $ | 341.1 | $ | 253.4 | $ | 282.4 | |||||
Cash interest expense(2) | 76.4 | 65.1 | 59.4 | 44.1 | 44.3 | ||||||||||
Ratio of EBITDA to cash interest expense | 2.8 | 4.3 | 5.7 | 5.8 | 6.4 | ||||||||||
- (1)
- As defined and calculated in note 7 to "Selected Consolidated Financial and Operating Data."
- (2)
- As defined and calculated in note 9 to "Selected Consolidated Financial and Operating Data."
VIDEOTRON LTÉE COMPUTATION OF RATIO OF EBITDA TO CASH INTEREST EXPENSE (DOLLARS IN MILLIONS, EXCEPT FOR RATIO OF EBITDA TO CASH INTEREST EXPENSE)