The Globe and Mail reports in its Friday edition that BCE posted improved revenue and net earnings in its second quarter, surpassing expectations by adding 94,000 net mobile subscribers -- well above the predicted 60,000. The Globe's Irene Galia writes that postpaid subscriber additions, however, were down 43 per cent compared with last year. BCE outperformed rivals Rogers Communications and Telus, which gained 61,000 and 55,000 new subscribers. BCE chief executive officer Mirko Bibic indicated that the company expects pricing to better reflect its value during the busy back-to-school season. Operating revenue reached $6-billion, a 1.3-per-cent increase from last year, exceeding the analyst consensus of $5.9-billion. After the closing of BCE's acquisition of U.S. internet company Ziply Fiber, it increased revenue guidance for 2025 to between zero and 2-per-cent growth, up from previous expectations of between a 3-per-cent loss and 1-per-cent growth. It also slightly increased its capital intensity expectations and lowered its free cash flow growth expectations by nearly half, reflecting increased capital expenditure for Ziply Fiber for the rest of the year. BCE kept its annualized dividend payout of $1.75 per share.
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