Bell adds 108,400 customers; MVNO decision the least bad option, says Bibic

Wireless, broadband grow, Covid curtails media, overage revenue continues to shrink By Greg O’Brien MONTREAL – Bell Canada reported today it has added 108,468 net new mobile, retail Internet and IPTV customers in the first quarter of 2021, ended March 31st, a 51% increase over Q1 last year. Company revenue in the quarter grew 1.2% to $5.7 billion, and adjusted EBITDA 0.5% to $2.43 billion, “representing the first quarter of growth since the beginning of the Covid-19 crisis,” reads its press release. Net earnings, however, were down 6.3% compared to Q1 2020 to $687 million. Cash flows from operating activities...