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Stock impact report

BCE sells land mobile radio unit to Motorola for $675 million [Wealth Professional (Canada)]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
BCE Inc. is raising $675m by selling a legacy land mobile radio business as it pushes ahead with a $7bn asset sale plan to pay down debt, while several analysts still see upside in the stock. BNN Bloomberg reports that Bell Mobility is selling its land mobile radio networks services business to Motorola Solutions Canada Networks Inc. for $675m, as part of BCE's plan to sell $7bn in assets to help reduce debt. Scotiabank analyst Maher Yaghi says the deal centres on a legacy business that brings in steady revenue but is not a main growth driver, and stresses that the bank is not giving up “core customer relationships.” The transaction is expected to close in the fourth quarter of 2026, following receipt of regulatory and third-party approvals and satisfaction of other customary closing conditions, as stated in the press release. The press release stated that for more than three decades, Bell, together with Motorola Solutions Canada, have been providing secure, resilient and hig Show less Read more
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