Cable / Telecom News

Q3 profits at BCE climb 12.5%

MONTREAL – Wireless gains helped to drive up third quarter revenues and profits at BCE.For the period ended September 30, 2015, profits of $791 million were up 12.5% from $703 million in the same period last year.  BCE's net earnings attributable to common shareholders were $739 million, up 23.2% due to higher adjusted EBITDA, higher other income driven by gains from BCE's minority interest equity investments and mark-to-market gains on equity derivative contracts entered into to economically hedge future payments under its share-based compensation plans, lower severance, acquisition and other costs, as well as a decrease in non-controlling interest as...