Latest news with #BCEInc
Bloomberg
6 days ago
- Business
- Bloomberg
BCE Raises Revenue Guidance After Closing Ziply Deal
BCE Inc. missed earnings forecasts on weak wireless subscriber growth, but raised its Ebitda outlook after closing its acquisition of a US broadband provider. Canada's biggest telecom firm by revenue earned 63 Canadian cents per share on an adjusted basis in the second quarter, less than the 70 cents expected by analysts in a Bloomberg survey, according to a statement Thursday.
Toronto Star
6 days ago
- Business
- Toronto Star
Bell's fibre footprint to ‘plateau' after Ottawa sticks with CRTC's wholesale policy
The chief executive of BCE Inc. says the company expects its Canadian fibre footprint to 'plateau' rather than expand after the federal government announced it wouldn't interfere with a contentious regulatory decision surrounding wholesale access to internet services. President and CEO Mirko Bibic said Thursday that Bell has already built out its fibre internet network to around eight million homes, however, the company doesn't currently plan to grow that number. It marks a significant scale back from its previous plan to reach nine million homes, a figure that was later revised to 8.3 million before it was lowered even further.
Winnipeg Free Press
6 days ago
- Business
- Winnipeg Free Press
Telecommunications firm BCE swings to Q2 profit, also sees operating revenue increase
MONTREAL – BCE Inc. says its latest quarter delivered a higher profit and revenue than the telecommunications firm saw a year earlier. The parent company of Bell Canada says its second-quarter net earnings attributable to common shareholders amounted to $579 million or 63 cents per share. The result compared with a profit of $537 million or 59 cents per share a year prior. Operating revenue for the quarter ended June 30 totalled $6.08 billion compared with about $6 billion a year earlier. On an adjusted basis, BCE says it earned 63 cents per share, down from an adjusted profit of 78 cents per share a year earlier. Analysts on average had expected an adjusted profit of 71 cents per share, according to estimates compiled by LSEG Data & Analytics. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 7, 2025. Companies in this story: (TSX:BCE)
Bloomberg
7 days ago
- Business
- Bloomberg
Telecom Brawl Over Networks Poses Test for Carney's AI Strategy
Mark Carney 's government is days away from a key decision that's poised to affect billions of investment from Canadian telecommunications companies — one that has divided the industry's largest players. Canada's telecom regulator has ruled that major internet providers can use the broadband networks of the largest established phone companies, including BCE Inc. and Telus Corp., for their own services. The policy allows companies to effectively become sellers of internet packages to households in parts of Canada where they haven't built out their own networks.
CBC
02-07-2025
- Business
- CBC
Rogers closes deal with BCE to become majority owner of Maple Leafs Sports & Entertainment
Social Sharing Rogers Communications Inc. has closed its deal to buy BCE Inc.'s 37.5 per cent stake in Maple Leaf Sports & Entertainment to become the majority owner of the company. Rogers now holds a 75 per cent stake in the owner of the Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts and Toronto FC. The $4.7-billion deal closed effective Tuesday after receiving the necessary regulatory and league approvals. Rogers chief executive Tony Staffieri called MLSE one of the most prestigious sports and entertainment organizations in the world. The acquisition grows the company's sports portfolio which already included the Toronto Blue Jays, Rogers Centre and Sportsnet. Earlier this year, Rogers signed a new 12-year, $11-billion agreement with the National Hockey League for the national media rights for NHL games through 2037-2038. The deal kicks in following the end of its current 12-year deal. WATCH | The National discusses Rogers's acquisition of MLSE:
