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. (TSX: BCE) (NYSE: BCE), formerly known as Bell Canada Enterprises Inc., is a leading Canadian holding company. It operates through its subsidiaries, primarily Bell Canada, which provides a wide range of telecommunication services including wireless, broadband, television, and landline phone services. BCE is a major player in the Canadian telecom industry, serving over 10 million customers and holding around 30% of the national wireless market.
Telecommunications and Media: BCE is one of the incumbent local exchange carriers (ILEC) in Canada, particularly in Ontario and Quebec, the most populous provinces. Its media segment, Bell Media Inc., controls a significant share of television, radio, and digital media assets. Bell Media holds licensing rights for major international movie channels like HBO, Showtime, and Starz, enhancing its content portfolio.
Recent Achievements: BCE's investments in broadband and fibre networks have paid off, with record fibre Internet activations and significant growth in wireless subscribers. PCMag recognized Bell as the Best Major ISP in Canada for 2023, reflecting high Internet speed, customer satisfaction, and coverage.
Innovations and Partnerships: BCE is at the forefront of 5G innovation, collaborating with global telecom leaders like Verizon and Vodafone. The company's recent partnership with Google Cloud to provide AI-driven customer service solutions epitomizes its commitment to digital transformation.
Media Expansion: Bell Media has expanded its footprint by acquiring the Canadian business of OUTFRONT Media and launching new ad-supported streaming channels on platforms like LG Channels and Samsung TV Plus. Strategic deals with FOX Entertainment enhance Bell Media’s content distribution.
Commitment to ESG: BCE emphasizes environmental, social, and governance (ESG) initiatives. The company has significantly invested in clean energy projects and social programs, including mental health initiatives through the Bell Let’s Talk campaign. BCE was recognized with the Clean50 Top Project Award for its sustainable practices.
Financial Performance: BCE continues to deliver strong financial results, with adjusted EBITDA growth and consistent dividend payouts. The company's disciplined cost management and strategic investments in core areas are expected to sustain its growth momentum.
Future Outlook: Looking ahead, BCE remains focused on expanding its 5G network, enhancing digital services, and maintaining its leadership in the Canadian telecom and media markets. The company’s continued emphasis on innovation, customer experience, and sustainable practices positions it well for long-term growth.
Crave, a subsidiary of Bell Media, has secured a long-term Pay-One licensing agreement with Sony Pictures Entertainment, positioning itself as the exclusive Canadian streaming home for new SPE films after their theatrical release. Starting April 2023, subscribers will have access to a variety of films, including Spider-Man and Jumanji franchises, alongside new releases from other major series. This deal enhances Crave's content library and strengthens its competitive edge in the Canadian streaming market.
BCE Inc. (TSX: BCE) has announced the results of conversions for its fixed-rate Cumulative Redeemable First Preferred Shares, Series Z, and floating-rate Cumulative Redeemable First Preferred Shares, Series Y. On December 1, 2022, 137,274 Series Z shares will convert to Series Y shares, and 1,196,313 Series Y shares will convert back to Series Z shares. Post-conversion, there will be 2,977,548 Series Z and 7,020,252 Series Y shares outstanding. The Series Z shares will continue to offer a fixed dividend of 5.346%, while the Series Y will feature an adjustable floating dividend.
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.
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