06:07:19 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,159,109
Close 2023-05-04 C$ 64.44
Market Cap C$ 58,779,532,984
Recent Sedar Documents

Globe says Telus, BCE ready for bulked-up Rogers

2023-05-05 08:32 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Friday edition that BCE and Telus posted lower first-quarter profits as they brace for heightened competition from Rogers Communications after the completion of its takeover of Shaw Communications. The Globe's Alexandra Posadzki writes that BCE and Telus each boosted their first-quarter revenue and topped analyst expectations, even as their profits slipped on higher depreciation and amortization costs. During conference calls to discuss their quarterly results, both telcos were asked about the deal's impact on their future profitability. Top executives at BCE and Telus said they are ready for the increased competition, having spent the past several years aggressively building out their networks in preparation. Rogers on Wednesday announced revamped 5G wireless plans aimed at capturing a larger portion of the market for bundled services after consummating the Shaw takeover last month. Rogers is now able to bundle its cellphone plans with residential offerings such as Internet and TV services in Western Canada, where it previously had no cable operations. The Big Three telcos are also expected to face competitive pressure from Quebecor's Vidéotron, which now owns Shaw's Freedom Mobile.

© 2024 Canjex Publishing Ltd. All rights reserved.