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BCE Posts $4.5 Billion Q3 Profit on MLSE Sale as Core Growth Slows

The company plans a three-year dividend freeze to fund growth investments, with debt reduction as a priority.

Overview

  • Revenue rose about 1.3% to roughly $6.0 billion, reflecting essentially flat performance in Canadian telecom and media.
  • Postpaid wireless net additions fell 65% to 11,511, internet additions dropped to about 21,400 in Canada, and TV subscribers declined.
  • Mobile ARPU slipped 0.4% as competitive pricing and discounting weighed on yields.
  • Newly acquired Ziply Fiber contributed about $160 million in revenue and $71 million in adjusted EBITDA in the quarter.
  • Bell Media faced weak advertising and recorded a $976 million impairment, intensifying pressure on the segment.