Nov 3, 2022
BCE tops third quarter expectations
BNN Bloomberg
,Barry Schwartz discusses BCE Inc.
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BCE Inc. topped profit expectations in the third quarter, as the telecom giant added more than 224,000 wireless customers in the quarter.
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Revenue at the company rose a little more than three per cent to $6 billion in the quarter.
The company also reconfirmed its full-year financial forecast, with expectations for full-year revenue growth of one to five per cent.
In a release, BCE Chief Executive Officer Mirko Bibic said the company posted its strongest-ever quarter of overall growth across its wireless and wireline networks.
“We experienced over 400,000 net activations across our wireline and wireless networks, with our highest-ever number of total mobile phone net additions, and we also gained a significant share of Internet subscriber growth with over 95,000 new net fibre-to-the-home customers this past quarter, up 33% over last year and our best-ever result,” he said.
BNN Bloomberg is owned by BCE, through its Bell Media division.