Cable / Telecom News

BCE Q4 revenues up, profits down

MONTREAL – Despite an uptick in fourth quarter revenues, BCE saw net earnings fall 8.5%, the company reported Thursday.For the period ended December 30, 2015, net earnings attributable to common shareholders were $496 million, down from $542 million year-over-year.  The company attributed the drop to higher severance, acquisition and other costs, which totalled $152 million in Q4 2015, of which $120 million related mainly to workforce restructuring initiatives.  Excluding the impact of severance, acquisition and other costs, net losses on investments, and early debt redemption costs, adjusted net earnings increased 0.8% to $615 million.Operating revenue increased 1.4% in the period to...