Overview

• BCE’s Q2 net earnings rose to $579 million from $537 million a year earlier on operating revenue growth to $6.08 billion.
• The company lifted its full-year revenue growth guidance to between zero and two percent following the closing of the Ziply Fiber acquisition.
• Bell divested non-core assets by selling its MLSE stake for $4.7 billion and its home security business for $90 million plus contingent payments.
• The $5 billion purchase of Ziply Fiber was finalized alongside the launch of Network FiberCo, a joint venture with PSP Investments financed with non-recourse debt.
• Subscriber additions slowed, with postpaid mobile net adds falling to 44,547 and fibre internet retail growth down 56 percent as mobile ARPU dipped 0.7 percent under pricing pressure.