BCE Inc. accelerates network investments amid favourable regulatory rulings [Toronto Globe and Mail (Ontario, Canada)]
BCE, Inc. (BCE)
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Source: Toronto Globe and Mail
BCE Inc. accelerates network investments amid favourable regulatory rulings BCE Inc. will spend an additional $500-million to speed up its rollout of high-speed internet and 5G wireless services after a long-awaited but controversial regulatory decision provided the company with the conditions it needs to invest, its CEO says. The Montreal -based telecom said earlier this year that it would invest an additional $1-billion to $1.2-billion into its networks over the next two years, on top of its usual $4-billion a year in spending. Now, the company is boosting that amount to $1.5-billion to $1.7-billion in additional investment, crediting last week’s reversal of a 2019 decision that would have slashed the rates that large phone and cable companies can charge smaller internet service providers for access to their broadband networks. “Bad regulatory decisions really negatively affect investments, and the right decisions really do support investments,” Mirko Bibic, CEO of BCE and Bell Can
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BCE
Earnings
- 2/8/24 - Beat
BCE
Sec Filings
- 3/26/24 - Form 6-K
- 3/13/24 - Form 6-K
- 3/8/24 - Form 6-K
- BCE's page on the SEC website