BCE (TSX: BCE) to sell land mobile radio services business to Motorola

Rhea-AI Filing Summary

BCE Inc. has filed a report describing a major asset sale. Motorola Solutions Canada Networks Inc. has entered into a definitive agreement to acquire Bell Mobility’s land mobile radio networks services business for CAD $675 million, subject to customary adjustments and a deferred net working capital settlement. The deal is expected to close in the fourth quarter of 2026, following regulatory and third-party approvals and other customary closing conditions. Bell and Motorola Solutions Canada have jointly supported secure, resilient land mobile radio communications for more than 30 years, and Bell will continue as an important service delivery partner to Motorola Solutions Canada after the transaction.

Insights

Telecom M&A and infrastructure analyst

Bell monetizes a specialized radio services business for CAD $675M.

BCE, through Bell Mobility, agreed to sell its Canadian land mobile radio networks services business to Motorola Solutions Canada Networks Inc. for CAD $675 million, plus a deferred net working capital settlement. This is a focused divestiture of a specific service line, not the core wireless network.

The buyer is already Bell’s long-time technology partner in land mobile radio, and Bell will remain an important service delivery partner after closing. This structure keeps Bell involved in mission‑critical communications while shifting ownership and likely capital requirements for that niche business to Motorola Solutions.

The transaction is targeted to close in the fourth quarter of 2026, subject to regulatory and third‑party approvals and other customary closing conditions. Actual impact will depend on final terms at closing and how BCE redeploys proceeds, which is not detailed here.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

March 27, 2026

Commission File Number: 1-8481

BCE Inc.

(Translation of registrant’s name into English)

1, carrefour Alexander-Graham-Bell,

Verdun, Québec

Canada H3E 3B3

(514) 870-8777

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Notwithstanding any reference to BCE Inc.’s Web site on the World Wide Web in the document attached hereto, the information contained in BCE Inc.’s site or any other site on the World Wide Web referred to in BCE Inc.’s site is not a part of this Form 6-K and, therefore, is not furnished to the Securities and Exchange Commission.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		BCE Inc.
Date: March 27, 2026		By:		/s/ Melanie Schweizer
				Name: Melanie Schweizer
				Title: Senior Vice-President, Corporate Services and Corporate Secretary

EXHIBIT INDEX

Exhibit
99.1		News Release

Exhibit 99.1

Motorola Solutions Canada Networks Inc. to Acquire Bell Canada’s Land Mobile Radio

Networks Services Business

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the sections entitled “Motorola Solutions Forward-Looking Statements” and “BCE Forward-Looking Statements” later in this news release.

CONCORD, ON and MONTRÉAL – March 26, 2026 – Motorola Solutions Canada Networks Inc., a subsidiary of Motorola Solutions (NYSE: MSI) today entered into a definitive agreement to acquire the land mobile radio networks services business from Bell Mobility, the wireless subsidiary of Bell Canada and BCE Inc. (NYSE, TSX: BCE) for a purchase price of CAD $675 million, subject to customary adjustments, plus a deferred net working capital settlement.

The transaction is expected to close in the fourth quarter of 2026, following receipt of regulatory and third-party approvals and satisfaction of other customary closing conditions.

For more than 30 years, Bell, together with Motorola Solutions Canada have been providing secure, resilient and highly reliable, land mobile radio communications for customers across Canada. Bell will continue to work closely with Motorola Solutions Canada as an important service delivery partner for land mobile radio networks.

“We have long admired Bell Canada for the loyalty and trust they’ve built with customers across the country,” said Michael Martin, president, Motorola Solutions Canada Networks Inc. “This acquisition helps protect the long-term resiliency and security of the country’s land mobile radio communications for the Canadian communities that rely on them every day.”

About Motorola Solutions | Solving for safer

Safety and security are at the heart of everything we do at Motorola Solutions. We build and connect technologies to help protect people, property and places. Our solutions foster the collaboration that’s critical for safer communities, safer schools, safer hospitals, safer businesses, and ultimately, safer nations. Learn more about our commitment to innovating for a safer future for us all at www.motorolasolutions.com.

About BCE

BCE is Canada’s largest communications company¹, leading the way in advanced fibre and wireless networks, enterprise services and digital media. By delivering next-generation technology that leverages cloud-based and AI-driven solutions, we’re keeping customers connected, informed and entertained while enabling businesses to compete on the world stage. To learn more, please visit Bell.ca or BCE.ca.

¹ Based on total revenue and total combined customer connections.

Media Contact

Matt Schuler

Motorola Solutions

matt.schuler@motorolasolutions.com

+1 312-909-5234

Investor Contact

Brian Piotrowski

Motorola Solutions

brian.piotrowski@motorolasolutions.com

+1 847-576-6899

For BCE

Media Contact

Ellen Murphy

media@bell.ca

Investor Contact

Krishna Somers

Krishna.somers@bell.ca

Motorola Solutions Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. Motorola Solutions can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent Motorola Solutions’ views only as of today and should not be relied upon as representing Motorola Solutions’ views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, statements regarding the expected timing of the closing of the transaction, expected benefits of the transaction to Motorola Solutions and ability to integrate the acquisition into Motorola Solutions. Motorola Solutions cautions the reader that the risks and uncertainties, including those in Part I Item 1A of Motorola Solutions’ 2025 Annual Report on Form 10-K and in its other U.S. Securities and Exchange Commission (“SEC”) filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investors, could cause actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to, risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition, receipt of regulatory approvals, receipt of third-party approvals, Motorola Solutions’ ability to close the transaction in the anticipated timeline or at all, successfully integrate and operate the acquisition and realize the anticipated benefits of the proposed acquisition. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

BCE Forward-Looking Statements

Certain statements made in this news release are forward-looking statements, including statements relating to the proposed disposition by Bell Mobility Inc. of its Canadian LMR network services business, the expected timing and completion thereof, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the “safe harbour” provisions of applicable Canadian securities laws and of the United States Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual

results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe BCE’s expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, BCE does not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. The timing and completion of the proposed disposition are subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, relevant regulatory and third-party approvals, which may affect its completion, terms or timing. The proposed disposition could be modified, restructured or terminated. Accordingly, there can be no assurance that the proposed disposition will occur, or that it will occur on the terms and conditions, or at the time, currently contemplated in this news release. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE’s 2025 Annual MD&A dated March 6, 2026, and BCE’s news release dated February 5, 2026 announcing its financial results for the three-month period and year ended December 31, 2025, filed with the Canadian provincial securities regulatory authorities (available at sedarplus.ca) and with the U.S. Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.

FAQ

What business is BCE (BCE) selling to Motorola Solutions Canada Networks Inc.?

BCE, through Bell Mobility, is selling its Canadian land mobile radio networks services business. This unit supports secure, resilient radio communications for customers across Canada and has been jointly delivered with Motorola Solutions for more than 30 years.

What is the purchase price for Bell Mobility’s land mobile radio networks services business?

The agreed purchase price is CAD $675 million, subject to customary adjustments, plus a deferred net working capital settlement. This figure reflects the value assigned to Bell Mobility’s land mobile radio networks services business being acquired by Motorola Solutions Canada Networks Inc.

When is the Bell–Motorola Solutions land mobile radio transaction expected to close?

The transaction is expected to close in the fourth quarter of 2026. Completion depends on receiving required regulatory and third‑party approvals and satisfying other customary closing conditions described in the news release attached to BCE’s report.

Will Bell remain involved in land mobile radio networks after the sale to Motorola Solutions?

Yes. Bell will continue working closely with Motorola Solutions Canada as an important service delivery partner for land mobile radio networks. While ownership of the services business will transfer, Bell’s role in supporting Canadian land mobile radio customers will continue through this partnership.

How long have Bell and Motorola Solutions collaborated on land mobile radio services in Canada?

Bell and Motorola Solutions Canada have collaborated for more than 30 years. Together they have provided secure, resilient and highly reliable land mobile radio communications for customers across Canada, experience that underpins the new ownership and service partnership structure.

What approvals are required for the BCE land mobile radio business sale to close?

Closing is subject to regulatory and third‑party approvals, along with other customary closing conditions and termination rights. These requirements mean the proposed disposition could be modified, restructured or terminated if conditions are not met as contemplated.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 12.8 KB