Welcome to our dedicated page for BCE news (Ticker: BCE), a resource for investors and traders seeking the latest updates and insights on BCE stock.
BCE Inc. (BCE), Canada’s leading telecommunications and media provider, delivers essential connectivity through fibre networks, wireless services, and digital content platforms. This news hub provides investors and stakeholders with authoritative updates on corporate developments shaping Canada’s communications landscape.
Access real-time press releases, earnings announcements, and strategic initiatives directly from BCE’s operations. Our curated collection includes updates on network expansions, technology partnerships, regulatory developments, and Bell Media programming shifts. Key coverage areas span quarterly financial results, 5G infrastructure investments, digital advertising trends, and enterprise cloud solutions.
Analysts will find detailed reporting on BCE’s competitive positioning against national telecom rivals, while media professionals gain insights into content distribution strategies. Bookmark this page for streamlined access to BCE’s official communications, ensuring you never miss critical updates affecting Canada’s $50B+ telecom market leader.
BCE announced the results of its preferred share conversions on March 31, 2021. A total of 42,423 Series AM Preferred Shares were converted to Series AN Preferred Shares, while 939,786 Series AN shares were converted back to Series AM. Post-conversion, there will be 10,439,978 Series AM and 1,054,722 Series AN shares outstanding. The Series AM shares will have a fixed quarterly dividend of 2.939%, while Series AN shares will have a floating dividend initially set at 0.53927% (2.163% annualized), based on T-Bill rates.
Bell Canada announced public offerings of Cdn $1.55 billion in MTN Debentures in Canada and US $1.1 billion in Notes in the United States. The Canadian offering includes Cdn $1.0 billion in 3.00% MTN Debentures maturing in 2031 and Cdn $550 million in 4.05% MTN Debentures maturing in 2051. The US offering features US $600 million in 0.75% Notes maturing in 2024 and US $500 million in 3.65% Notes maturing in 2051. Proceeds will be used to redeem Cdn $1.7 billion of existing Debentures due in 2022 and repay short-term debt.
BCE Inc. has submitted its 2020 annual report on Form 40-F to the U.S. SEC, which includes audited financial statements for the year ending December 31, 2020. The report is accessible on BCE's website and the SEC's site. Shareholders can request printed copies of the financial statements at no cost. BCE is Canada's leading communications firm, offering a range of services including broadband, TV, Internet, and media assets through Bell Media.
BCE announced its financial targets for 2021, highlighting a 5.1% increase in dividends. The company plans to invest at least $1 billion over the next two years to enhance its fiber and wireless networks. This strategic investment aims to expand service capabilities and improve customer experiences while positioning BCE for growth in the competitive telecommunications landscape.
BCE Inc. (TSX: BCE, NYSE: BCE) will host its fourth-quarter 2020 results conference call on February 4, 2021, at 8:00 am Eastern Time. The call will feature CEO Mirko Bibic and CFO Glen LeBlanc, with media allowed to listen only. To join, dial 1-800-806-5484 or 416-340-2217, using passcode 9050712#. A replay will be accessible until March 4, 2021. A live audio webcast will also be available on BCE's website.
BCE is Canada's largest communications provider, offering broadband, TV, Internet, and business communications services.
BCE Inc. (TSX: BCE) announced that none of its fixed-rate Cumulative Redeemable First Preferred Shares, Series R will convert into floating-rate Series Q Preferred Shares on December 1, 2020. Only 156,972 of the 8,000,000 Series R shares were tendered, which is insufficient for conversion as it leaves less than one million Series Q shares outstanding. The Series R Preferred Shares will maintain their listing on the Toronto Stock Exchange and provide a fixed cash dividend of 3.018% quarterly for five years starting December 1, 2020.
BCE Inc. (BCE) has announced a normal course issuer bid (NCIB) to repurchase up to 10% of the public float of its outstanding First Preferred Shares listed on the Toronto Stock Exchange. The NCIB will run from November 9, 2020, to November 8, 2021. BCE plans to buy shares at market prices and cancel them upon acquisition. The initiative aims to enhance shareholder value amidst price ranges that do not reflect their full worth. BCE has not repurchased shares in the past year and will employ an automatic securities purchase plan for transactions during certain trading restrictions.
BCE reported a 4% increase in revenue to $6.1 billion for Q3 2023, driven by growth in wireless services. Net income rose to $1.5 billion, or $0.70 per share, indicating a strong performance. The company raised its 2023 guidance for free cash flow to approximately $5 billion. Investments in network infrastructure and increased demand for internet and TV services contributed to the positive results. However, BCE faces challenges including rising operational costs and competitive pressures in the telecommunications market.
Bell Canada has announced that it will redeem all outstanding Cdn $850 million principal amount of 2.00% Debentures, Series M-42, due on November 6, 2020. The redemption price will be $1,013.159 per $1,000 principal amount, plus $1.973 for accrued interest. This decision highlights Bell's financial strategy in managing its debts effectively. The Series M-42 Debentures were initially due on October 1, 2021, demonstrating the company’s proactive approach to debt redemption.
Bell Canada announced the early redemption of all outstanding Cdn $750 million principal amount of its 3.15% Debentures, Series M-30, previously due on September 29, 2021. The redemption will take place on September 14, 2020, at a price of $1,026.664 per $1,000 of principal, including $14.585 for accrued and unpaid interest. This decision reflects Bell's financial strategy and maintains its commitment to manage its debt effectively.
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