Financial Data and Key Metrics Changes - Consolidated service revenue increased by 4% to $4.7 billion, while adjusted EBITDA decreased by 1% to $2.5 billion [18][19] - Free cash flow was reported at $829 million, down 9% year-over-year due to increasing taxable income and tax installment payments [19][21] - The debt leverage ratio stood at 3.9 times, reflecting a slight increase due to the acquisition of an additional stake in MLSE [20][21] Business Line Data and Key Metrics Changes - Wireless service revenue remained flat, with adjusted EBITDA up 1% year-over-year, maintaining industry-leading margins of 67%, up 60 basis points [13][15] - Cable service revenue grew by 1% year-over-year, with adjusted EBITDA increasing by 2%, leading to cable margins of 58%, up 70 basis points [15][16] - Media revenue surged by 26% to $753 million, driven by the strong performance of the Toronto Blue Jays and the consolidation of MLSE [16][17] Market Data and Key Metrics Changes - The company added 111,000 mobile phone net additions in Q3, totaling 206,000 year-to-date, primarily on postpaid plans [4][13] - Retail internet additions were 29,000 in the quarter, with approximately 80,000 new internet subscribers year-to-date [6][15] - Blended mobile phone ARPU decreased by 3% to $56.70, reflecting competitive pressures and lower international roaming revenue [15][19] Company Strategy and Development Direction - The company aims to unlock significant unrecognized value from its sports and media assets, with an estimated value exceeding $15 billion [8][18] - Continued focus on financial discipline while pursuing growth in wireless, cable, and media segments [10][25] - Plans to acquire the remaining minority stake in MLSE to enhance revenue and profitability growth [9][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining service revenue growth despite competitive pressures and a slower growth economy [12][13] - The company anticipates strong execution in Q4, supported by the successful playoff run of the Toronto Blue Jays [17][44] - Management remains committed to improving capital efficiency and maintaining a strong investment-grade balance sheet [10][24] Other Important Information - Capital expenditures for the year are expected to be approximately $3.7 billion, down from previous estimates [10][24] - The company is focused on enhancing customer experience through AI technologies and improving operational efficiency [37][38] Q&A Session Summary Question: Discussion on wireless competitive environment and pricing sustainability - Management highlighted streamlined pricing offerings and successful customer engagement strategies, indicating confidence in sustaining current pricing structures [27][29] Question: Insights on churn management - Management noted a holistic approach to base management, resulting in improved churn rates and customer retention [30][31] Question: Clarification on service revenue trends and impacts - Management acknowledged lower roaming volumes and wholesale revenues as contributing factors to service revenue trends [34][35] Question: Operating leverage opportunities through AI - Management discussed three main areas for AI deployment: customer experience, operational efficiency, and security enhancements [36][38] Question: Expectations for wireless service revenue trajectory - Management confirmed expectations for positive service revenue growth moving forward, despite slight declines in Q3 [58][59] Question: Update on satellite-to-mobile service costs - Management clarified that increased costs were related to both marketing and service fees associated with the satellite-to-mobile initiative [81][83] Question: Future of wireless net additions amid low immigration - Management projected continued growth in the wireless sector, estimating a 3% growth rate even with low immigration levels [91][92]