BCE Inc Stock Price, News & Analysis

Bell Canada has announced a public offering of Cdn $1.0 billion in MTN Debentures, Series M-57, with a fixed interest rate of 5.85%. The debentures will be dated November 10, 2022, and mature on November 10, 2032. Issued at Cdn $99.768 per $100 principal amount, they have a yield to maturity of 5.881%. The proceeds will be used for short-term debt repayment and general corporate purposes. The offering is anticipated to close on November 10, 2022, subject to customary conditions.

BCE Inc. (BCE) has announced the renewal of its normal course issuer bid (NCIB) for purchasing up to 10% of the public float of its outstanding First Preferred Shares listed on the Toronto Stock Exchange. This NCIB will run from November 9, 2022, to November 8, 2023, unless completed earlier. BCE aims this buyback strategy to take advantage of potential undervaluation of its shares. As of November 2, 2022, BCE had not repurchased any shares under the previous bid that expires on November 8, 2022. BCE may employ an automatic securities purchase plan (ASPP) for these acquisitions.

BCE has announced a strategic investment in a groundbreaking technology aimed at enhancing network capabilities. This investment aligns with BCE's commitment to innovation, aiming to improve service delivery and customer satisfaction. The project is projected to increase efficiency and reduce operational costs significantly. BCE anticipates a positive impact on long-term financial performance, with potential revenue growth stemming from enhanced service offerings. The total investment is estimated at $300 million over three years.

BCE Inc. (TSX: BCE) will hold its third-quarter 2022 results conference call on November 3, 2022, at 8:00 am Eastern. Mirko Bibic, CEO, and Glen LeBlanc, CFO, will present, with media welcome to listen. Interested participants can join by calling 1-800-806-5484 or 416-340-2217 with passcode 1128694#. A replay will be accessible until December 1, 2022. The live audio webcast will be available on BCE's website.

BCE is Canada's largest communications company, offering advanced broadband, media, and business services.

Thunderbird Entertainment Group is set to premiere Season 11 of Highway Thru Hell on September 26 at 9 p.m. ET, showcasing the impact of the 2021 British Columbia floods. Viewers will witness recovery efforts by heavy operators and first responders in devastated communities, highlighting the challenges they faced during this natural disaster. The season promises real stories of resilience, detailing the destruction and subsequent recovery efforts on essential highways.

BCE Inc. (TSX: BCE, NYSE: BCE) announced the conversion results for its preferred shares on August 23, 2022. A total of 1,067,517 Series AA Preferred Shares will convert to Series AB on September 1, 2022, while 1,977,982 Series AB shares will convert to Series AA. After this conversion, BCE will have 12,307,661 Series AA and 7,688,739 Series AB Preferred Shares outstanding. The Series AA shares will offer a fixed 4.94% annual dividend, paid quarterly, while Series AB will provide a monthly floating dividend for the next five years.

BCE has reported a steady increase in total revenue for the last quarter, reaching CAD 6.1 billion, up 2% year-over-year. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose by 3%, totaling CAD 2.5 billion. BCE's wireless segment showed strong growth, contributing significantly to the overall performance. However, challenges remain in the wireline segment, with a decline in subscribers affecting overall profitability. The company continues to invest in network infrastructure to drive future growth.

BCE Inc. (TSX: BCE) will host its second-quarter 2022 results conference call on August 4, 2022, at 8:00 am ET. CEO Mirko Bibic and CFO Glen LeBlanc will lead the call, which is open for media on a listen-only basis. Interested participants can call 1-800-806-5484 or 416-340-2217 with passcode 6085726#. A replay will be available until September 4, 2022. The call will also be streamed live on BCE's website.

BCE is Canada's largest communications company, offering various services including broadband wireless and media.

Bell Canada announced a prospectus supplement to its short form base shelf prospectus dated March 7, 2022, to renew its Medium Term Notes (MTN) program. This program allows Bell to issue MTN Debentures until April 7, 2024, fully guaranteed by BCE (TSX, NYSE: BCE). The renewal aims to enhance Bell's financial flexibility and capital market access. A dealer agreement has also been established for future MTN offerings. The securities will not be registered under the U.S. Securities Act, preventing sales in the U.S.