Cable / Telecom News

Bell powers BCE’s Q3 profits

MONTREAL – BCE, Canada’s largest telecommunications company, saw its net income more than double for its third quarter, due in large part to successes at Bell, its largest subsidiary.Bell's operating revenues increased by 1.2% to $3,788 million this quarter, as higher product revenues from the acquisitions of The Source, the remaining 50% of Virgin Mobile Canada, and growth in video revenues more than offset declines in local and access, long distance, and wireline data revenues.Operating income increased by 25.9% to $583 million due to higher EBITDA plus lower restructuring and other costs.  EBITDA grew by 1.5% to $1,448 million as higher...