US EditionTelecommunications Firm BCE Swings to Q2 Profit, Also Sees Operating Revenue Increase
QUEBEC, CANADA, AUG 7 – BCE Inc. increased operating revenue by 1.3% to $6 billion and raised 2025 revenue growth guidance after acquiring U.S. fiber internet company Ziply for $5 billion.
- Earlier this year, BCE Inc. swung to a profit of $579 million as operating revenue increased, according to the company.
- BCE benefited from industry-leading wireless net adds, surpassing Rogers Communication Inc.’s 61,000 and Telus Corp.’s 55,000 adds, driving revenue growth.
- Service revenue declined 1.4 per cent to $4.5-billion, and BCE added 26,500 fibre internet subscribers, down 56 per cent from last year.
- Following quarter-end, BCE finalized the sale of its Maple Leaf Sports and Entertainment stake to Rogers and used proceeds to complete its $5-billion Ziply Fiber acquisition.
- BCE increases 2025 revenue guidance to zero–2% and plans to sell $1.3-billion of non-core assets to help reduce its $32.5-billion debt.
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Winnipeg Free Press+11 Reposted by 11 other sources
Telecommunications firm BCE swings to Q2 profit, also sees operating revenue increase
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