BCE Inc
TSX:BCE

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BCE Inc
TSX:BCE
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Price: 31.92 CAD -0.53% Market Closed
Market Cap: 29.8B CAD

BCE Inc
Investor Relations

In the sprawling landscape of Canada's telecommunications industry, BCE Inc. stands as a towering figure, a well-oiled machine operating at the intersection of communication and innovation. Originally established in 1880 as Bell Canada Enterprises, the company has undoubtedly transformed from a simple telephone service provider to a diversified conglomerate, addressing the communication needs of millions. BCE Inc.'s powerful trifecta includes Bell Wireless, Bell Wireline, and Bell Media, woven seamlessly into the fabric of Canadian society. The company artfully orchestrates the distribution of services ranging from high-speed internet, television, and landline telecommunication to mobile services, capturing revenue through both consumer subscriptions and corporate contracts. The wireless segment, in particular, serves as a dynamic growth engine, capitalizing on expanding smartphone usage and the relentless evolution of network technologies.

BCE Inc. doesn't just stop at traditional telecommunication services; it dives into the world of media with Bell Media, adding another robust stream to its revenue portfolio. This branch thrives on a comprehensive array of television and radio properties, reaching a broad audience and drawing significant advertising and subscription revenues. By owning and distributing popular content and channels, it ensures a steady influx of viewers and listeners, translating entertainment into monetary gain. The strategic integrations of its telecom and media assets enable BCE Inc. to offer bundled services, enhancing customer loyalty and creating a competitive edge in the market. Simultaneously, its commitment to investing in fiber and 5G ensures BCE Inc. remains at the forefront of connectivity, continually scaling its infrastructure to support an increasingly digital future. Through a combination of innovation, strategic expansion, and a firm grip on modern communication needs, BCE Inc. continues to solidify its influential presence across various facets of Canadian life.

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BCE
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Growth: BCE reported total revenue up 1.3%, driven mainly by the Ziply Fiber acquisition in the U.S.

EBITDA Strength: Adjusted EBITDA increased 1.5% with a 10 basis point margin improvement, hitting the highest margin in over 30 years.

Free Cash Flow: Free cash flow rose by $171 million in Q3, helped by lower CapEx and higher working capital.

AI Solutions Momentum: Revenue from AI-powered solutions grew 34% year-over-year, with a strong pipeline and more announcements expected soon.

Wireless Trends: Wireless service revenue and ARPU both declined by less than 0.5%, but postpaid churn improved by 15 bps. Bell brand postpaid net adds grew over 100% year-over-year.

Ziply Fiber Outperformance: The newly acquired U.S. fiber business outperformed investment expectations, with fiber now making up 87% of Ziply’s retail internet base.

Guidance Reaffirmed: Management reconfirmed all 2025 financial guidance targets.

Capital Allocation: BCE remains focused on reducing its leverage ratio, targeting 3.5x by 2027 and 3.0x by 2030.

Key Financials
EBITDA Margin
45.7%
Bell CTS U.S. Revenue
$160 million
Bell CTS U.S. EBITDA
$71 million
Bell CTS U.S. EBITDA Margin
44.4%
Ziply Fiber Net New Fiber Subscribers
9,000
Total Retail Internet Net Adds (Ziply)
Nearly 5,000
Fiber Share of Ziply Retail Internet Subscribers
87%
Available Liquidity
$3.6 billion
Pension Solvency Surplus
$4.5 billion
Net Debt
$40 billion
Net Debt Leverage Ratio
3.8x adjusted EBITDA
Consolidated Postpaid Net Adds
12,000
Bell Brand Postpaid Net Adds
Multiples of consolidated number; over 100% YoY growth
Earnings Call Recording
Other Earnings Calls

Management

Mr. Curtis Millen
Executive VP & CFO
No Bio Available
Mr. Thane Fotopoulos
Vice President of Investor Relations
No Bio Available
Mr. Robert Malcolmson
Executive VP and Chief Legal & Regulatory Officer
No Bio Available
Ms. Karine Moses
Senior VP of Sales & Vice Chair of Québec
No Bio Available
Ms. Nikki Moffat
Chief Human Resources Officer & Executive VP of Corporate Services
No Bio Available
Ms. Devorah Lithwick
Senior Vice President & Chief Brand Officer
No Bio Available
Ms. Hadeer Hassaan
Executive VP & Chief Customer Experience Officer
No Bio Available
Thierry Chaumont
Senior VP of Tax & Controller
No Bio Available
Mr. Martin Cossette
Senior VP of Corporate Strategy (M&A) & Corporate Secretary
No Bio Available
Mr. Sean H. Cohan
President of Bell Media
No Bio Available

Contacts

Address
QUEBEC
Verdun
Building A, 1 Carref Alexander-Graham-Bell 4th Floor
Contacts
+15147868424.0
www.bce.ca