BCE (NYSE: BCE ) Inc., the Canadian telecommunications giant, reported strong Q3 2023 results during its recent earnings call, with a 3.1% growth in consolidated adjusted EBITDA, the best quarterly results since Q2 2022. The company’s CEO, Mirko Bibic, attributed this performance to strategic investments in broadband networks, promotional offer discipline, and cost streamlining. The company also reported significant growth in its CTS (NYSE: CTS ) segment and added a record number of new net fiber-to-the-home customers. Key takeaways from the call include: BCE Inc . added 231,212 new mobile phone and connected device net activations in Q3, marking the second-best quarter ever for the CTS segment. The company added a record 104,159 new net fiber-to-the-home customers, reflecting the competitive advantages of fiber. Bell Media’s digital revenues grew by 26% compared to last year, offsetting pressures from traditional media platforms. Despite challenges due to an advertising slowdown, Bell Media saw improvements in the rate of decline and digital advertising growth. The company ended Q3 with $4.5 billion of available liquidity and maintained a stable debt leverage ratio. The company reconfirmed their financial guidance targets for full-year 2023. Bibic stated that BCE remains focused on transforming into a tech services […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
