Core Insights - BCE Inc. will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 3rd, 2026, featuring a fireside chat with CEO Mirko Bibic [1] Company Overview - BCE is recognized as Canada's largest communications company, leading in advanced fibre and wireless networks, enterprise services, and digital media [1] - The company focuses on delivering next-generation technology that utilizes cloud-based and AI-driven solutions to keep customers connected, informed, and entertained [1] Upcoming Events - A live webcast of the conference will be available on BCE's website [1] - BCE's Q4 2025 results and 2026 guidance are scheduled to be announced on February 5, 2026 [1]

total revenue and total combined customer connectionsMedia inquiries:Ellen Murphy [[email protected]]Investor inquiries:Krishna Somers [[email protected]]SOURCE BCE Inc.## 21%[more press release views with Request a Demo]## Also from this source### BCE to participate in the 29th Annual Scotiabank Telecom, Media & Technology Conference[MONTRÉAL, Feb. 27, 2026 /CNW/ - Curtis Millen, Executive Vice President and Chief Financial Officer of BCE Inc. (TSX: BCE) (NYSE: BCE) will...]### BCE to participate in the Mo ...

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BCE (NYSE:BCE) 2026 Conference Summary Company Overview - **Company**: BCE Inc. (Bell Canada) - **Industry**: Telecommunications Key Points Strategic Priorities - The company maintains its strategic priorities from the previous year, focusing on balanced capital allocation, strengthening the balance sheet, and funding strategic growth opportunities [4][5] - Emphasis on customer-first initiatives, digital transformation, and leveraging AI to enhance customer experience [4][5] Wireless Market Dynamics - The first quarter is typically quiet for wireless loading, but there has been increased promotional activity in early 2026 [6] - The competitive landscape remains intense, with pricing becoming more competitive during low volume periods [6][8] - Long-term value focus on customer acquisition and retention, particularly for higher-value subscribers [7][8] Churn Improvement - Churn improved by 17 basis points in Q4, marking the third consecutive quarter of improvement [9] - Factors contributing to churn reduction include enhanced network quality, service, and overall customer experience [9][10] Industry Growth Outlook - Anticipated long-term core telecom growth is expected to settle in the low single-digit range [11] - Factors such as increased penetration of wireless handsets and immigration are seen as positive tailwinds for growth [11][12] Fiber Network Expansion - BCE continues to build fiber infrastructure, with over 8 million fiber locations, and aims to increase penetration within its fiber footprint [14][15] - The company has built 3 million fiber locations in the last five years, with potential for further growth as fiber is considered superior to cable [14][15] Fixed Wireless Strategy - Fixed wireless is viewed as a niche product in Canada, primarily useful in areas lacking fiber [18][19] - The company has built out 1 million fixed wireless homes but does not see it as competitive against fiber [18][19] Capital Allocation and Deleveraging - The company is focused on deleveraging and strengthening its balance sheet while funding growth initiatives [24][25] - Asset sales, including potential tower monetization, are part of the deleveraging strategy [35][37] AI and Digital Transformation - AI-powered solutions are a major growth driver, with various segments like Bell Cyber and Ateko working together to enhance customer value [40][41] - The company is focused on leveraging technology to improve efficiency and customer service [52][53] Enterprise Business - The enterprise revenue base is expected to smooth out naturally despite being lumpy on a contract-by-contract basis [56][58] - The company plans to provide more detailed information on enterprise revenue starting in Q1 [58] Device Financing and Customer Experience - Device financing is one of the levers to manage churn and enhance customer experience, with a focus on long-term customer satisfaction [60][61] Economic and Market Factors - The company acknowledges macroeconomic factors impacting guidance, including potential improvements in ARPU and immigration [47][48] Additional Insights - The company is optimistic about its ability to drive growth and leverage its fiber footprint in both Canada and the U.S. [22][27] - BCE's investment in Ziply is seen as a strategic move to capitalize on the U.S. market's fiber growth potential [26][27] This summary encapsulates the key insights and strategic directions discussed during the BCE conference, highlighting the company's focus on growth, customer experience, and technological advancements in the telecommunications sector.

BCE to participate in the Barclays Communications and Content Symposium [Accessibility Statement] Skip NavigationMONTRÉAL, Feb. 20, 2026 /PRNewswire/ - Curtis Millen, Executive Vice President and Chief Financial Officer of BCE Inc. (TSX: BCE) (NYSE: BCE) will participate in a fireside chat at the Barclays Communications and Content Symposium in New York, on Tuesday, February 24th, 2026, at 9:10 am eastern.A live webcast will be available on [BCE's website].About BCEBCE is Canada's largest communications com ...

We recently published an article titled 11 Best Canadian Growth Stocks to Buy According to Hedge Funds. On February 6, Scotiabank lowered its price target on BCE Inc. (NYSE:BCE) to C$39.50 from C$40.25 while maintaining an Outperform rating, indicating that despite modest valuation adjustments, the firm continues to view the risk-reward profile favorably. During its third-quarter 2025 results conference call, BCE Inc. (NYSE:BCE) reported a 1.3% increase in total revenue, supported in part by the acquisi ...

Strategic Progress - The company management reiterated its three-year strategic plan during the Q3 2025 earnings meeting, focusing on customer service, network construction, enterprise AI solutions, and digital media [2] - The integration performance and subsequent synergies following the acquisition of Ziply Fiber are key points of market interest [2] Performance and Operations - The company's AI-driven solutions revenue recorded a 34% growth in Q3 2025, becoming a highlight of the business [3] - The adjusted EBITDA margin increased to 45.7%, with management emphasizing that operational efficiency has reached historical highs [3] Industry Policy and Environment - The Bank of Canada noted in its February 2026 meeting minutes that U.S. policies, including trade and central bank independence, have increased uncertainty, which may affect the financing environment and growth expectations for Canadian companies, including the telecom sector [4] - Investors should pay attention to macro policy changes and their impact on overall industry demand and the company's capital expenditure plans [4]

Core Insights - BCE Inc. reported a decline in fourth-quarter 2025 adjusted earnings per share (EPS) to C$0.69 from C$0.79 in the prior-year quarter, exceeding the Zacks Consensus Estimate of 45 cents [2] - Total operating revenues for the quarter decreased by 0.3% year over year to C$6.4 billion, below the consensus estimate of $4.7 billion, primarily due to a 15% drop in Product revenues [3] Financial Performance - For 2025, BCE's operating revenue increased slightly by 0.2% to C$24.5 billion, with a quarterly dividend declared at C$0.4375 per share [4] - The company anticipates higher revenue and adjusted EBITDA for 2026, driven by contributions from Ziply Fiber and growth in AI-powered enterprise solutions, despite a forecasted decline in adjusted EPS [5] Segment Results - The Bell CTS segment generated C$5.7 billion in revenue, a 0.2% year-over-year increase, supported by higher service revenue [7] - Bell CTS Canada experienced a 3.9% decline in operating revenue to C$5.5 billion, impacted by lower product and service sales [8] Subscriber Metrics - Postpaid net additions slightly decreased to 56,124, with improved churn rates at 1.49%, while prepaid subscriber losses narrowed [11] - The acquisition of Ziply Fiber contributed to the new Bell CTS U.S. segment, generating C$232 million in operating revenues since its inception [12] Media Performance - Bell Media's operating revenue fell by 3.4% to C$804 million, affected by weak advertising demand, although subscriber revenue increased by 1.5% [13] - Total digital revenue rose by 3%, supported by growth in Crave and sports direct-to-consumer subscribers [14] Operational Efficiency - BCE's adjusted EBITDA increased by 2.3% year over year to C$2.66 billion, with an expanded adjusted EBITDA margin of 41.6%, the highest in over 30 years [15] - Capital expenditures surged by 36.8% to C$1.3 billion, primarily due to investments in Ziply Fiber's FTTP expansion [16] Cash Flow Analysis - Operating cash flow decreased by 16.8% to C$1.6 billion, while free cash flow plummeted by 74.3% to C$225 million due to higher capital expenditures [17] 2026 Outlook - Management projects revenue growth of 1-5% and adjusted EBITDA growth of 0-4% for 2026, with adjusted EPS expected to decline between 11% and 5% [18]

Financial Data and Key Metrics Changes - In 2025, consolidated service revenue increased by 0.6%, with adjusted EBITDA rising by 0.7%, leading to a 20 basis point improvement in adjusted EBITDA margin to 43.6%, the strongest annual margin in over 30 years [18] - Adjusted EPS declined by 7.9% in 2025, primarily due to higher depreciation and amortization from network investments and increased interest expense [18] - Free cash flow increased by 10% to CAD 3.2 billion, driven by higher EBITDA, lower capital expenditures, and improved working capital [19] Business Line Data and Key Metrics Changes - Wireless service revenue declined by 0.2% in Q4, an improvement from previous quarters, with consumer wireless service revenue stable year-over-year [20][22] - Fiber-to-the-Home internet net additions reached 43,000 in Q4, contributing to a year-over-year internet revenue growth of 8% [7][21] - AI-powered solutions revenue grew by 31% in the enterprise segment, driven by strong performance from Ateco and Bell Cyber [21] Market Data and Key Metrics Changes - The acquisition of Ziply Fiber contributed positively to revenue, with total revenue for Bell CTS US reaching CAD 232 million in Q4, supported by strong customer penetration [23] - Ziply added over 6,000 net new fiber customers in Q4, with a focus on expanding its fiber footprint [24] Company Strategy and Development Direction - The company has aligned its organization around four strategic priorities: enhancing customer experience, strengthening fiber and wireless network leadership, accelerating enterprise and digital media growth, and positioning for sustainable free cash flow growth [3][4] - The strategy includes a focus on disciplined capital allocation, with a target of approximately CAD 1.5 billion in AI-powered solutions revenue by 2028 [11][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of core segments while managing declines in legacy services, indicating a focus on maintaining momentum in AI-powered solutions and digital media [36] - The company anticipates consolidated revenue growth of 1%-5% and adjusted EBITDA growth of 0%-4% for 2026, reflecting continued momentum in growth engines [26][27] Other Important Information - The company reported a net debt leverage ratio of approximately 3.8 times adjusted EBITDA at the end of 2025, unchanged from the previous year, despite the Ziply Fiber acquisition [30][31] - The company is focused on maintaining a dividend payout ratio within the target range of 40%-55% while generating strong free cash flow [29] Q&A Session Summary Question: Guidance ranges for revenue and EBITDA - Management indicated that the guidance reflects growth in core segments while managing legacy declines, with potential swings from wireless penetration gains and overall market growth [36][38] Question: Wireless pricing environment - Management noted that they are focused on disciplined execution and are not participating in aggressive promotions, aiming for profitable transactions [39][40] Question: Growth and margins for Ziply - Management confirmed that Ziply's performance is in line with expectations, with strong demand for fiber and plans to expand beyond the existing footprint [45][46] Question: Impact of recent wireless discounts - Management stated that recent pricing activity does not change their execution strategy, emphasizing a disciplined approach to subscriber loading [57][58] Question: Convergence opportunities - Management acknowledged the potential for increased wireless market share through their fiber footprint and indicated a belief in significant upside from disciplined execution [60][61]

Financial Data and Key Metrics Changes - In 2025, consolidated service revenue increased by 0.6%, with adjusted EBITDA rising by 0.7%, leading to a 20 basis point improvement in adjusted EBITDA margin to 43.6%, the strongest annual margin in over 30 years [18] - Adjusted EPS declined by 7.9% in 2025, primarily due to higher depreciation and amortization from network investments and increased interest expense [18] - Free cash flow increased by 10% to CAD 3.2 billion, driven by higher EBITDA, lower capital expenditures, and improved working capital [19] Business Line Data and Key Metrics Changes - Wireless service revenue declined by 0.2% in Q4, an improvement from the 1.5% decline in Q4 of the previous year, with consumer wireless service revenue stable year-over-year [20][22] - Fibre-to-the-home internet net additions were 43,000 in Q4, reflecting disciplined pricing and strong demand [21] - AI-powered solutions revenue grew by 31% in Q4, driven by momentum in Ateco and Bell Cyber, contributing to the goal of reaching CAD 1.5 billion in AI-powered solutions revenue by 2028 [22] Market Data and Key Metrics Changes - Ziply Fiber's total revenue in Q4 was CAD 232 million, with internet revenue growing in double digits due to fibre expansion and strong customer penetration [23] - Ziply added over 6,000 net new fibre customers in Q4, with a focus on higher growth markets for future expansion [24] Company Strategy and Development Direction - The company has aligned its organization around four strategic priorities: enhancing customer experience, strengthening fibre and wireless network leadership, establishing a fibre growth platform in the U.S., and accelerating enterprise and digital media momentum [3][4] - The acquisition of Ziply Fiber is a key milestone in the fibre growth strategy, with plans to reach approximately 3 million fibre passings by the end of 2028 [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth of core segments while managing declines in legacy services, indicating a focus on disciplined execution and customer-first initiatives [36] - The company anticipates consolidated revenue growth of 1%-5% and adjusted EBITDA growth of 0%-4% for 2026, reflecting continued momentum in growth engines [26][27] Other Important Information - Capital expenditures are expected to remain stable at approximately CAD 3.7 billion in 2026, with a lower capital intensity of 15% or less [29] - The company has CAD 2.5 billion of available liquidity and a pension solvency surplus of CAD 4.4 billion, providing financial flexibility for executing the 2026 business plan [30] Q&A Session Summary Question: Guidance ranges for 2026 - Management indicated that the guidance reflects growth in segments while managing legacy declines, with potential swings from wireless penetration gains and overall market growth [35][36] Question: Wireless pricing environment - Management noted that while there has been aggressive promotion in the market, they remain disciplined in their strategy, focusing on premium brand value and customer experience [39][40] Question: Ziply's growth and margins - Management confirmed that Ziply's performance is consistent with expectations, with strong demand for fibre and plans for broader geographic expansion [45][46] Question: U.S. competitive environment - Management stated that the strategy in the U.S. remains unchanged, focusing on penetration and capital discipline while assessing opportunities for expansion [67] Question: Asset sales and capital allocation - Management confirmed ongoing asset sales as part of capital allocation discipline, with updates to be provided as agreements are reached [71]