Cable / Telecom News

Wireless leads strong Q3 at BCE

MONTREAL – Gains at Bell Wireless helped to power a 74.9% jump in BCE's third quarter net earnings, the company announced Thursday.BCE operating revenue grew 1.9% to $5,195 million in Q3, reflecting higher revenues at Bell and Bell Aliant. Adjusted EBITDA was up 2.5% to $2,115 million while adjusted EBITDA margin increased slightly to 40.7%, driven by “healthy growth” at Bell that was partly offset by a year-over-year decline at Bell Aliant.BCE's net earnings attributable to common shareholders jumped 74.9% to $600 million year-over-year, which it said was due to a charge in Q3 2013 for the CRTC tangible benefits...