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Bell to Enter Western Canada Internet Market Using Telus Fibre

The company seeks growth through mandated fibre access with leverage targets intact.

Overview

  • Bell will launch retail internet in British Columbia and Alberta within weeks using the federal fibre-sharing framework on Telus’s network.
  • The expansion opens access to about 3.4 million Telus fibre‑connected homes and businesses for bundled internet, wireless and TV offerings.
  • Management raised its 2028 cost‑saving goal to C$1.5 billion and guided to roughly 15% compounded annual free‑cash‑flow growth from 2025 to 2028.
  • The company lifted its Bell Business Markets revenue target to $1.5 billion by 2028 and forecast 2%–4% annual revenue growth over 2025–2028.
  • Bell committed C$300 million for the first 100 MW of national AI compute and reaffirmed a 3.5x net debt‑to‑EBITDA target by end‑2027 alongside planned asset sales.