BCE Inc., Canada’s largest communications company, today reported results for the second quarter (Q2) of 2017.
“Bell’s strategy to lead Canadian investment and innovation in broadband networks and services continues to drive solid customer additions and financial performance across every communications business segment. We achieved exceptional growth in wireless as more Canadians take advantage of the best smartphones on the fastest national wireless network, our rapidly expanding all-fibre network delivered further gains in Fibe Internet and TV additions, and Bell Media continues to set the pace in Canadian multimedia as home of the best in entertainment, news, sports and music programming,” said George Cope, President and CEO of BCE Inc. and Bell Canada. “We’re keeping the momentum going with continued leadership in mobile LTE network speed and capability, ongoing television advancements including the groundbreaking Alt TV, and a growing leadership position in the Internet of Things and business data centre services.”
“In Q2, the Bell team’s focus on leading the way in breakthrough network and service innovations delivered strong growth in service revenue, positive adjusted EBITDA across our wireless, wireline and media segments, and a 17% increase in the free cash flow that fuels our unparalleled investments in broadband infrastructure, product development and new media. We were proud to welcome MTS to the national Bell team and very pleased with the strong contribution of Manitoba’s #1 communications provider to our results as the new Bell MTS quickly integrated operations in Q2 and began the rollout of our billion-dollar broadband investment plan for the province.”
Bell is focused on achieving a clear goal – to be recognized by customers as Canada’s leading communications company – through the execution of 6 Strategic Imperatives: Invest in Broadband Networks & Services, Accelerate Wireless, Leverage Wireline Momentum, Expand Media Leadership, Improve Customer Service, and Achieve a Competitive Cost Structure. This broadband leadership strategy has delivered world-class fibre and wireless LTE networks; continued strong performance across wireless, TV, Internet and media growth services; 47 consecutive quarters of uninterrupted year-over-year adjusted EBITDA growth; and 13 increases to the BCE common share dividend since the end of 2008 – a total increase of 97%.
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