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) news covers developments at what the company describes as Canada’s largest communications provider, with activities spanning advanced fibre and wireless networks, enterprise services and digital media. News items often highlight how BCE, through the Bell brand, is executing on its strategic priorities and updating investors on financial performance.
Investors and followers of BCE stock can expect regular coverage of quarterly and annual results, including metrics such as operating revenues, adjusted EBITDA, net earnings and free cash flow, as reported in company news releases and related Form 6-K filings. These updates are frequently accompanied by commentary from BCE’s leadership on business trends, capital investment and cost efficiency initiatives.
BCE news also features strategic actions such as the acquisition of Ziply Fiber, described as the leading fibre Internet provider in the Pacific Northwest of the United States, and the formation of Network FiberCo with PSP Investments to support U.S. fibre expansion. Additional coverage includes announcements about Bell’s fibre and wireless network expansion, partnerships to demonstrate technologies like satellite direct-to-cell connectivity, and initiatives to extend 5G and 5G+ coverage.
On the enterprise and media side, BCE publishes news about AI-powered enterprise solutions under brands such as Bell AI Fabric, Bell Cyber and Ateko, as well as partnerships with AI companies and technology providers. Bell Media announcements include streaming bundles, sports broadcasting rights, digital advertising collaborations and content initiatives involving platforms like Crave. For investors tracking BCE, this news stream provides insight into how the company is pursuing its multi-year strategic plan and managing its communications, enterprise and media businesses.
BCE Inc. announced the conversion results of its Preferred Shares. On November 1, 2021, 9,593 Series T Preferred Shares will convert to Series S, while 1,393,174 Series S will convert to Series T. Post-conversion, BCE will have 5,870,133 Series T and 2,128,267 Series S Preferred Shares outstanding. Series T will pay a fixed quarterly dividend of 4.990%, and Series S will maintain a monthly floating dividend based on the prime rate. Both series will continue to trade on the Toronto Stock Exchange under the symbols BCE.PR.T and BCE.PR.S.
Bell Canada has initiated a Consent and Proxy Solicitation for holders of its various debentures, including Series EH, EJ, EO, EU, and EZ, to approve amendments to its 1976 Indenture. These Proposed Amendments aim to align with current market practices in Canada and enhance operational flexibility for raising capital. Approval requires consent from at least 66 2/3% of the debenture holders. If granted, amendments will not change interest rates or maturity dates. A special virtual meeting is scheduled for November 12, 2021, if necessary, with the consent solicitation ending on November 8, 2021.
NICE has announced a partnership with Bell, Canada’s largest communications company, to offer CXone, a leading contact center as a service (CCaaS) platform, across Canada. This collaboration aims to enhance digital customer experiences using Bell's high-speed network. With the integration of NICE’s omnichannel customer service capabilities, companies can manage customer interactions seamlessly. This partnership positions NICE and Bell to cater to evolving consumer expectations for efficient and flexible customer service solutions.
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On August 9, 2021, Bell Canada announced a public offering in the United States of $1.25 billion in Notes, consisting of $600 million Series US-5 Notes maturing in 2032 and $650 million Series US-6 Notes maturing in 2052. The proceeds will help cover the $2.07 billion cost for acquiring spectrum licenses from the July 2021 Canadian auction and will be used for repaying short-term debt. The offering is expected to close on August 12, 2021, and the Notes are fully guaranteed by BCE.
BCE reported its third-quarter earnings, showing a revenue increase to CAD 6.1 billion, a 2.5% rise year-over-year. The company added 90,000 new wireless subscribers, boosting total subscribers to 10.2 million. Adjusted EBITDA for the quarter reached CAD 2.5 billion, reflecting a 3.4% growth. However, net income decreased by 4% to CAD 1.1 billion. BCE maintained its annual dividend at CAD 3.60 per share, signaling continued confidence in cash flow generation.
BCE Inc. (TSX: BCE) announced the conversion results of its preferred shares on July 23, 2021. A total of 12,985 Series AI Cumulative Redeemable First Preferred Shares have been converted into Series AJ Preferred Shares, while 3,598,141 Series AJ shares have converted to Series AI. After conversion on August 1, 2021, there will be 9,535,040 Series AI and 4,464,960 Series AJ shares outstanding. Series AI will pay a fixed quarterly dividend of 3.39%, while Series AJ will feature a float-based monthly dividend calculated against the prime rate.
Bell Canada and Google Cloud have established a strategic partnership aimed at enhancing Bell's digital transformation and network infrastructure. This multi-year collaboration focuses on integrating Google’s expertise in multicloud, AI, and data analytics with Bell’s 5G network capabilities. Key initiatives include migrating critical workloads to the cloud, enhancing network automation, and leveraging AI for improved customer experiences. The partnership also emphasizes sustainability, with goals for carbon neutrality by 2025. This collaboration is expected to significantly improve services for customers across Canada.
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BCE Inc. announced a new Sustainable Financing Framework aimed at enhancing its environmental, social, and governance (ESG) initiatives. This framework will guide the issuance of green, social, and sustainability bonds to fund projects with positive impacts. BCE will ensure transparency with annual updates on fund allocations. Sustainalytics has validated the framework's alignment with international standards. This initiative also supports the United Nations Sustainable Development Goals, emphasizing BCE's commitment to sustainability and community development.