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 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.
Bell Canada announced a public offering of Cdn $750 million in MTN Debentures under its medium term notes program. The 1.65% Series M-53 debentures are set to mature on August 16, 2027, with a yield to maturity of 1.651%. Proceeds will fund the redemption of existing 3.15% Series M-30 Debentures due on September 29, 2021. The offering is expected to close on August 14, 2020, subject to customary conditions. The Series M-53 debentures are guaranteed by BCE and will not be sold or registered in the U.S.
BCE has announced its quarterly earnings, showcasing a net income of $800 million, representing a 5% increase year-over-year. The company reported a revenue growth of 3% to $6.2 billion, driven by an increase in wireless and media segment performance. BCE also declared a quarterly dividend of $0.875 per share, reflecting confidence in its financial health. In a proactive move, BCE is investing $1 billion in network expansion to enhance service delivery, aiming to increase market share. However, rising operational costs remain a concern for future profitability.
BCE Inc. (TSX: BCE) will announce its second-quarter 2020 results on August 6, 2020, at 8:00 am Eastern Time. The conference call will feature CEO Mirko Bibic and CFO Glen LeBlanc, open to media on a listen-only basis. Participants can join by calling 1-866-696-5894 or 416-641-6150 with passcode 7959145#. A replay will be available until September 4, 2020. A live audio webcast will also be accessible on BCE's website.