Wireless, Internet gains boost Q4 revenues at BCE; Crave now profitable with linear additions

MONTREAL – Despite an uptick in revenue, BCE saw its fourth quarter profits sag under the weight of an asset writedown and other expenses, the company said Thursday. For the quarter ended December 31, the company saw operating revenue increase 3.0% to $6.22 billion, driven by a 1.5% increase in service revenue that reflected year-over-year growth for all Bell operating segments. Product revenue increased 11.3% as a result of a higher sales mix of premium smartphones and stronger data equipment sales to large business customers. Net earnings fell 8.0% to $642 million, while net earnings attributable to common shareholders dropped...