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Stock impact report

Less intense telecom competition leading to milder Black Friday promos: executives [BNN Bloomberg (Canada)]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Company Research Source: BNN Bloomberg
Chief financial officers from BCE Inc. and Telus Corp. were among the speakers Monday at a conference held by Desjardins in Toronto, where they described a competitive environment that has been easing. The shift comes after a couple years of intense competition to gain customers among the Big Three telecoms and Quebecor Inc., whose Videotron subsidiary was hailed as a fourth national carrier when it acquired Freedom Mobile in 2023. Videotron must offer plans at least 20 per cent lower than its competitors as part of the federal government's mandatory conditions when it approved the acquisition, and other companies have also sought to provide more attractive bundles since then. But now, Bell's Curtis Millen said the company “feels like we're getting back to the normal interaction” when it comes to pricing for telecom services in Canada. He said Canada's telecom market had gotten less “reasonable and rational, pricing-wise” than the U.S. in recent years, however that trend seem Show less Read more
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