Cable & Telecom

BCE posts $571M net profit, adds quarterly record of 50,000 Fibe TV customers

MONTREAL – BCE announced a net profit of $571 million in Q2 2013 Thursday, a drop of 22% compared to the same period last year, despite increased revenues driven by post-paid wireless subscriber growth and an influx of Fibe TV subscribers. Operating revenues for Bell (which includes Bell wireless, wireline and Bell Media segments) were at $4.42 billion, an increase of 1.95% over Q2 2012, reflecting increases in service revenues (1.8%) and product revenues (2.9%) during the second quarter. BCE’s net earnings attributable to common shareholders were $571 million in Q2 2013, or $0.74 per common share, compared to $732...