Cable / Telecom News

Profits at BCE jump 14.1%


MONTREAL – Bell’s wireless and media divisions helped to drive up first quarter profits at BCE by over 14%, the communications giant reported Thursday. BCE reported net earnings attributable to common shareholders of $574 million, up 14.1% from $503 million in the same period last year.  Operating revenue grew 9.9% to $4.91 billion, while EBITDA increased 5.1% to $1.93 billion, mainly as a result of higher revenue at Bell, driven by the acquisition of CTV and improved year-over-year performance at Bell Wireless. At its main Bell Canada subsidiary, operating revenues increased 11.6% year-over-year to $4.33 billion, as revenues from Bell...