Core Viewpoint - BCE Inc. announced the conversion of its Series AN Preferred Shares into Series AM Preferred Shares, effective March 31, 2026, on a one-for-one basis [1][2]. Group 1: Share Conversion Details - All Series AN Preferred Shares will be converted into Series AM Preferred Shares, with a total of 2,276 of 8,802,551 Series AM Preferred Shares and 348,545 of 948,622 Series AN Preferred Shares tendered for conversion [2]. - As a result of the conversions, there will be less than 1,000,000 Series AN Preferred Shares outstanding, leading to an automatic conversion of all remaining Series AN Preferred Shares into Series AM Preferred Shares [2]. Group 2: Dividend Information - The Series AM Preferred Shares will pay a fixed quarterly cash dividend at an annual rate of 4.837% for a five-year period starting March 31, 2026 [3]. Group 3: Company Overview - BCE is recognized as Canada's largest communications company, focusing on advanced fibre and wireless networks, enterprise services, and digital media [3][4]. - The company aims to keep customers connected and informed through next-generation technology, including cloud-based and AI-driven solutions [3].

BCE Conference Call Summary - March 16, 2026 Company Overview - **Company**: BCE Inc. (NYSE: BCE) - **Event**: Announcement of a new 300-megawatt data center in Saskatchewan Key Points Industry and Market Context - The announcement marks a significant investment in AI infrastructure, reinforcing BCE's commitment to leading in AI solutions and infrastructure in Canada [4][10] - The project aims to enhance Canada's sovereign AI capacity, providing secure environments for governments and enterprises [4][5] Project Details - **Data Center Capacity**: 300 megawatts, with a total line of sight to monetize approximately 800 megawatts of power [5][18] - **Investment**: Approximately CAD 1.7 billion in capital expenditure, with CAD 1.3 billion expected in 2026 [18][19] - **Revenue Expectations**: The data center is projected to generate approximately CAD 500 million in revenue, CAD 400 million in EBITDA, and over CAD 250 million in free cash flow at full run rate [19][20] Strategic Partnerships - Long-term contracts secured with tenants Cerebras and CoreWeave, who will utilize the full 300 MW capacity [9][33] - Partnerships with Saskatchewan Government, SaskTel, and SaskPower to support the project [5][12] Risk Management - The project is structured to mitigate risks associated with construction, demand, and technology obsolescence [14][16] - 100% of the data center's capacity is already contracted, providing revenue visibility and reducing exposure to AI utilization risks [16][39] Financial Outlook - The investment aligns with BCE's financial philosophy, maintaining a target of 3.5 times net debt leverage by the end of 2027 [11][20] - The project is expected to enhance BCE's credit profile and dividend coverage over the medium term [6][19] Future Opportunities - BCE is exploring additional opportunities to monetize the remaining 500 megawatts of capacity, with a disciplined approach to contracting and risk management [69][91] - The company anticipates strong demand for AI infrastructure, with potential for further projects in different provinces [91][92] Community and Sustainability - The project includes commitments to local employment and Indigenous economic participation, as well as energy-efficient design features [17] Conclusion - BCE's investment in the Saskatchewan data center represents a strategic move to capitalize on the growing demand for AI infrastructure while maintaining a disciplined financial approach and risk management strategy [22][76]

Transformational Announcement for Bell AI Fabric March 16, 2026 Safe harbour notice Certain statements made in this presentation are forward-looking statements and include those relating to: BCE's updated 2026 financial guidance and outlook (including revenue, adjusted EBITDA, capital intensity, adjusted EPS, free cash flow and annualized common dividend per share); BCE's updated 2025-2028 financial guidance and outlook (including revenue, adjusted EBITDA, capital intensity, free cash flow, free cash flow a ...

Core Viewpoint - BCE Inc. will participate in the Desjardins Montréal Conference on March 17, 2026, featuring a fireside chat with CFO Curtis Millen [1] Group 1: Company Overview - BCE is 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 and informed [1] Group 2: Events and Participation - Curtis Millen, Executive Vice President and CFO of BCE, will engage in a fireside chat at the conference, which will be available via live webcast on BCE's website [1]

Core Viewpoint - BCE Inc. has filed its 2025 annual report on Form 40-F with the U.S. SEC, which includes audited financial statements for the year ending December 31, 2025 [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 and informed [1] Accessibility of Financial Information - The 2025 annual report and audited financial statements are available on BCE's website and the SEC's website [1] - Holders of BCE securities can request a printed copy of the audited financial statements at no charge through various contact methods [1]

Core Viewpoint - The conference features Mirko Bibic, President and CEO of Bell and Bell Canada, marking his first appearance at this event [2] Group 1 - Benjamin Swinburne serves as the telecom and media analyst for Morgan Stanley [1] - The conference is organized by Morgan Stanley, highlighting its focus on telecom and media sectors [1]

BCE (Bell Canada) 2026 Conference Summary Company Overview - **Company**: BCE Inc. (NYSE: BCE) - **CEO**: Mirko Bibic since January 2020 - **Focus**: Telecommunications, media, and AI-powered solutions Key Industry Insights - **Revenue Growth Target**: BCE aims for a revenue growth of 2%-4% and adjusted EBITDA growth of 2%-3% through 2028 [3][4] - **Market Environment**: The Canadian telecom market is becoming more stable, with signs of improvement in competition and pricing dynamics [20][21] Strategic Priorities - **Four Plus One Strategy**: 1. Customer-first approach 2. Best fiber and wireless networks 3. AI-powered enterprise solutions 4. Building a digital media and content powerhouse - Plus One: Aggressive cost reduction while improving customer experience [4] Consumer and SMB Segment - **Growth Target**: Targeting 4%-5% compound growth in consumer and SMB services over the next three years [5][6] - **Key Execution Pillars**: 1. Reducing churn in wireless and fiber internet 2. Increasing product intensity by encouraging multi-product purchases 3. Focusing on premium Bell brand for high-value customers [7] AI-Powered Solutions - **Revenue Projection**: Anticipating CAD 1.5 billion in AI-powered solutions revenue over the next three years [8][10] - **Competitive Advantage**: Positioned at the intersection of secure networks, trusted brand, and AI infrastructure [10][11] Ziply Acquisition - **Acquisition Cost**: CAD 5 billion for Ziply Fiber to expand fiber footprint [12] - **Integration Approach**: Focus on building a high-growth fiber platform rather than traditional integration [15] - **Growth Drivers**: Superior network, customer experience, and competitive pricing [18][19] Canadian Market Dynamics - **Competitive Landscape**: Increased competition from Quebecor and others, but signs of stability are emerging [20][21] - **Management Focus**: Long-term execution plan rather than short-term metrics [23][25] Regulatory Environment - **CRTC Decision Impact**: The decision mandates wholesale access, affecting capital allocation and fiber build pace [71][75] - **Investment Strategy**: Focus on high-return opportunities and geographic diversification, particularly in the U.S. [77][78] Bell Media Growth - **Digital Revenue Target**: Aiming to increase digital revenue from 45% to 60% by 2028 [59] - **Content Success**: Crave streaming service grew by over 1 million subscribers in 2025, highlighting strong demand for premium content [63][65] Future Outlook - **Direct-to-Cell Satellite Connectivity**: Partnership with AST SpaceMobile to launch market trials in late 2026, aiming to enhance customer experience and reduce churn [45][46] - **Data Sovereignty Opportunity**: Growing demand for AI solutions tied to data sovereignty, enhancing Bell's competitive position [84][88] Financial Discipline - **Leverage Targets**: Aiming for a 3.5 leverage ratio by the end of 2027 and below 3.0 by 2030 [91] - **Asset Sales Plan**: Targeting CAD 7 billion in asset sales by the end of 2027 to support financial goals [94][97] Conclusion - **Execution Focus**: Emphasis on disciplined execution of the strategic plan to deliver shareholder value through AI, media growth, and operational efficiency [100][101]

BCE (NYSE:BCE) FY Conference Summary Industry Overview - The conference primarily discusses the telecommunications industry in Canada, focusing on BCE's operations and strategic initiatives. Key Points Federal Government Contract - BCE signed a significant contract with the federal government aimed at supporting infrastructure development in Canada, which is seen as beneficial for both the economy and BCE's business [3][4] AI and Technology Deployment - BCE is focusing on AI-powered solutions, emphasizing the integration of data centers and connectivity services. The company aims to simplify the process for governments and customers through a "Full-Stack AI" approach [5][6] - BCE has partnerships with companies like Cohere and is not positioning itself as a large language model provider, instead focusing on leveraging existing relationships with hyperscalers [6] Capital Expenditure (CapEx) and Financial Management - There is no expected change in CapEx due to the new contract, with BCE maintaining a focus on a 3.5x net leverage target by the end of 2027 [9] - BCE is committed to managing capital allocation effectively, considering asset sales to optimize free cash flow and shareholder value [43] Wireless Subscriber Growth - The competitive landscape for wireless subscriber growth in Canada remains intense, with seasonal variations affecting performance. BCE noted a decrease in competitive intensity during key sales periods compared to previous years [14][15] - The company is focusing on bundled services, particularly emphasizing the importance of fiber internet in driving customer decisions [15] Average Revenue Per User (ARPU) Outlook - BCE anticipates a potential turnaround in ARPU growth, possibly by early 2027, with expectations of higher recurring charges in new contracts compared to the previous year [17] Fiber Deployment and Market Penetration - BCE has achieved over 50% penetration in its fiber markets, with a consistent trend of gaining net adds where fiber is available. The company is focused on continuing fiber deployment and increasing penetration in existing markets [23][24] - The company has built out fiber to 3 million homes over the last five years and plans to continue this expansion [54] Competitive Environment and Pricing Strategy - BCE has not yet felt significant pressure from competitors like Comcast and Charter in terms of pricing, maintaining a competitive edge with its fiber offerings [33][35] - The company is cautious about pricing tactics, especially in mature markets, but has not observed any immediate impacts from aggressive pricing strategies by competitors [35] Long-term Business Model and Transition from Legacy Services - BCE is transitioning from legacy services to fiber-based products, which are expected to yield better long-term financial metrics, including lower churn and higher ARPU [53][54] - The company is actively managing legacy costs and exploring options for its satellite business, focusing on providing better services to rural customers [46][47] Future Outlook and Strategic Priorities - BCE's strategic priorities for 2026 include deploying new fiber and increasing penetration of existing fiber networks, with a strong emphasis on building capabilities in the Pacific Northwest through partnerships [29] - The company is committed to maintaining a conservative approach to CapEx, ensuring that investments align with contracted revenue [60] Content Strategy - BCE's content strategy remains robust, with confidence in its long-term relationships with content providers like HBO, which supports its streaming service, Crave [64][68] Additional Insights - BCE is focused on free cash flow growth as a key performance indicator, with management compensation tied to this metric [20] - The company is exploring various investment opportunities, including AI infrastructure and digital transformation, to enhance operational efficiency and customer experience [43][60]

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]

Group 1 - BCE Inc. will participate in the 29th Annual Scotiabank Telecom, Media & Technology Conference on March 3rd, 2026, at 11:10 am eastern [1] - Curtis Millen, Executive Vice President and Chief Financial Officer of BCE Inc., will be featured in a fireside chat during the conference [1] - BCE is recognized as Canada's largest communications company, leading in advanced fibre and wireless networks, enterprise services, and digital media [1] Group 2 - The company focuses on delivering next-generation technology that utilizes cloud-based and AI-driven solutions to keep customers connected and informed [1] - BCE aims to enable businesses to compete on a global scale through its innovative services [1]