Cable & Telecom

BCE net earnings fell 29% in Q4, grew 7% for full year

Company reports “best annual retail residential net subscriber performance in 10 years,” CEO says MONTREAL – BCE Inc. today reported net earnings declined by 29.4% to $658 million in its fourth quarter for 2021 compared to the same quarter the previous year and adjusted EBITDA increased 1.1% to $2.4 billion. The decline in net earnings was attributed “to a one-time gain realized on the sale of Bell data centres to Equnix in Q4 2020 totalling $211 million, higher depreciation and amortization expense and higher income taxes, partly offset by adjusted EBITDA growth and higher other income,” a press release explains....