Thu, Nov. 3, 7:08 AM
Wed, Nov. 2, 5:30 PM
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Tue, Sep. 13, 7:56 AM
Tue, Sep. 6, 7:30 PM
- Bell Canada (NYSE:BCE) is breaking off its IPTV offering as a stand-alone service early next year.
- Currently, customers need to sign up for the company's Fibe Internet plan to get Fibe TV, but it will offer separate signups by the end of Q1 2017, it says.
- The change comes along with continuing alignment of its TV services across Eastern Canada. Bell Aliant's FibreOP TV in Atlantic Canada is being integrated with the Fibe TV offering in Ontario and Quebec, bringing more 4K, HD and on-demand content along with key Fibe TV features, Bell says.
- The company will invest another $1B this year to bring the Fibe service to about 3M homes and businesses in Eastern Canada, up from 2.2M at the end of last year.
Tue, Aug. 9, 4:04 PM
- Canadian regulators looking into BCE's (BCE +0.6%) C$3.9B deal to acquire Manitoba Telecom Services (OTCPK:MOBAF) seems to be aiming attention at mobile wireless service, CTFN reports.
- A researcher interviewed by the Canadian Competition Bureau told CTFN that his ears perked up (along with colleagues) at questions they got from interviewers about mobile wireless at MTS.
- “The question raised the possibility that MTS’s mobile wireless division may have been encountering difficulties in recent years for which a take-over by BCE might provide a plausible remedy,” Dwayne Winseck noted in an ex parte filing.
- The relative success or failure of wireless at MTS is relevant in the regulators' eyes since the combination would bring a consolidation to three firms in the Manitoba market -- running counter to the government's wireless policy, Winseck suggests.
Mon, Aug. 8, 10:17 AM
- BCE (NYSE:BCE) is buying the rest of data-center operator Q9 Networks for about $675M, including debt.
- The Canadian telecom giant owns about 35.4% of the Toronto-based networking firm; it's buying the rest from its group partners, including the Ontario Teachers' Pension Plan, Providence Equity Partners and Madison Dearborn Partners.
- That group had acquired Q9 in October 2012.
- That price includes net debt but excludes Bell's current ownership; the deal is expected to close by year-end.
Thu, Aug. 4, 1:06 PM
- BCE is up 1.2% and holding just a hair off last week's 52-week high of $63.40 after its Q2 earnings where adjusted net profits rose 12%/
- Adjusted net earnings were $824M; adjusted EPS rose 8%. Adjusted EBITDA rose 3.2% to $2.268B, beating an expected $2.253B.
- By segment: Bell Wireless service revenues grew 4.6% to $1.61B. Bell Wireline revenue fell 2.1% to $2.979B. Bell Media revenue rose 5.3% to $779M.
- The company added 113,000 net new postpaid wireless, IPTV and high-speed Internet subscribers.
- It affirmed full-year guidance for revenue growth of 1-3%, EBITDA growth of 2-4%, adjusted EPS of $3.45-$3.55 (vs. $3.47 consensus) and free cash flow growth of 4-12%.
- Press Release
Thu, Aug. 4, 7:04 AM
Wed, Aug. 3, 5:30 PM
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Fri, Jul. 29, 11:02 AM
- Bell Canada (BCE +0.2%) and Nokia (NYSE:NOK) have completed the first Canadian trial of 5G wireless, the companies said.
- The trial at Bell's Wireless Innovation Centre used 73-GHz spectrum to hit sustained speeds more than six times faster than Canada's top 4G speeds.
- "Bell is working closely with Nokia and our other partners in North America and worldwide to create the network, device and application ecosystem required to ensure Canadians will be able take full advantage of the 5G opportunity," said Bell CTO Stephen Howe.
Thu, Jul. 7, 12:39 PM
- BCE and Manitoba Telecom are rolling out a plan for extensive expansion of networks in Northern Manitoba, part of a $1B investment Bell is making in the province.
- The company's promising full LTE/HSPA+ coverage for the Highway 6 corridor north, along with enhancements to broadband and wireless/wireline service for indigenous and mining communities.
- Bell had announced a $3.9B acquisition of Manitoba Telecom Services at the beginning of May, alongside a commitment to spend heavily in the province. It will make Winnipeg its headquarters for Western Canada and operate there as Bell MTS.
Thu, Jun. 23, 12:21 PM
- BCE (BCE +0.7%) is welcoming news that Manitoba Telecom Services (OTCPK:MOBAF +1.6%) today overwhelmingly approved its $3.9B buyout by BCE in a special shareholder meeting.
- The takeover was approved by 99.66% of votes cast. The deal should close in late 2016 or early 2017.
- Bell plans to leverage brand value by operating the combined operations in Manitoba as Bell MTS and making Winnipeg its Western Canada HQ.
- BCE is also promising a $1B commitment over five years to expand broadband wireless and fiber in Manitoba after the deal's closed.
Wed, May 11, 11:09 AM
- Canada has denied an appeal by BCE of a decision that requires its telecoms to share their last-mile fiber connections.
- That means the decision by its regulator (Canadian Radio-television and Telecommunications Commission) is upheld, and smaller firms will get an expansion foothold as Canada's big three -- BCE, Telus (NYSE:TU) and Rogers Communications (NYSE:RCI) -- will have to share connections to homes and businesses.
- The CRTC made the decision to protect competition in the sector. It "strikes the right balance between the private sector having incentive to invest and consumers having a competitive choice," says Navdeep Bains, the country's minister of innovation.
- In U.S. trading: BCE -0.4%; TU +1.4%; RCI +0.5%. Shaw Communications (NYSE:SJR), entering the wireless market through its acquisition of Wind Mobile, is up 0.7%.
- Now read Shaw Communications Picking A Challenging Time To Work To Become The Fourth Major Canadian Telecom Giant »
Mon, May 2, 7:39 PM
- BCE's (BCE -0.3%) C$3.9B deal to acquire Manitoba Telecom (OTCPK:MOBAF +15.7%) may signal a reversal of a four-player policy under Canada's previous government, and show the way to even further communications consolidation up north.
- “This would set a significant precedent, as it would reduce Manitoba to a three-player wireless market from four,” Canaccord's Aravinda Galappatthige wrote. Canada's previous Conservative government pursued a long-in-the-works policy of ensuring four competitors in Canada's markets, but Justin Trudeau's new Liberal government could be going a different way.
- Other players (like Quebecor which could sell wireless spectrum outside Quebec) are keeping an eye on the response from a government that may be worried more about finances than wireless competition right now. The previous government policy meant it had foregone hundred of millions in potential spectrum revenues in order to subsidize new competitors.
- Now read BCE's Robust Fundamentals Provide Safe Haven In A Volatile Market »
Mon, May 2, 8:39 AM
- BCE agrees to acquire Manitoba Telecom Services (OTCPK:MOBAF) for ~C$3.9B ($2.5B), including $800M of debt, to expand its services in the Canadian province.
- BCE will pay C$40/share, a 22% premium to Manitoba Telecom’s Friday closing price in Toronto.
- The company says it plans to invest C$1B over five years after the deal closes to expand its broadband networks and services throughout Manitoba.
- BCE also says it will divest about a third of Manitoba Telecom’s postpaid wireless subscribers to Telus (NYSE:TU) following the completion of the deal.
Thu, Apr. 28, 7:17 AM
- BCE (NYSE:BCE): Q1 EPS of $0.85 beats by $0.01.
- Revenue of $5.27B (+0.6% Y/Y) misses by $60M.