06:39:30 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,264
Close 2023-11-03 C$ 54.52
Market Cap C$ 49,737,192,873
Recent Sedar Documents

Post/CP say BCE's Bibic warns CRTC: make right decision

2023-11-03 07:38 ET - In the News

The Financial Post reports in its Friday edition that while BCE is "well on track" to meet its fibre Internet build targets, the company's chief executive officer has warned that the company is prepared to delay progress in 2024 in the face of regulatory uncertainty. A Canadian Press dispatch to the Post quotes chief executive officer Mirko Bibic saying Thursday that Bell Canada is waiting for the CRTC's decision in a review launched by the regulator earlier this year into the rates that smaller competitors pay the big telcos for access to their networks. The review is aimed at bolstering competition and lowering consumer costs. It will also determine whether big carriers should provide smaller competitors with access to their fibre-to-the-home networks to improve Internet speeds to their customers. Mr. Bibic warned a decision that too heavily benefits the smaller players could have an adverse effect on competition. "If the decision isn't favourable ... from a fibre perspective, or from a wholesale access perspective, you're going to see us slow down the build as early as next year. It's as simple as that," Mr. Bibic told analysts on a morning conference call as the company reported its third-quarter earnings.

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