This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this news release. MONTRÉAL, Aug 1, 2025 /PRNewswire/ - BCE Inc. (TSX: BCE) (NYSE: BCE) today announced that it has successfully completed its acquisition of Ziply Fiber, the leading fibre Internet provider in the Pacific Northwest of the United States for C$5.0 billion (U.S. $3.65 billion) in cash, and ...

Company Overview - BCE Inc. is Canada's largest communications company, providing advanced Bell broadband Internet, wireless, TV, media, and business communications services [3]. Upcoming Conference Call - BCE Inc. will hold its second-quarter 2025 results conference call on August 7, 2025, at 8:00 am eastern, featuring CEO Mirko Bibic and CFO Curtis Millen [1]. - Participants can join the call by dialing toll-free numbers, and a replay will be available until September 7, 2025 [2]. Community Initiatives - Through the "Bell for Better" initiative, the company is investing in social and economic prosperity, including the Bell Let's Talk initiative that promotes mental health awareness and anti-stigma campaigns across Canada [4].

Core Insights - BCE Inc. reported Q1 2025 results, adjusting its annualized common share dividend to $1.75 from $3.99, reflecting a strategic response to economic uncertainty [2][4][45] - The company is focusing on strengthening its balance sheet amid intense price competition and regulatory challenges [3][4][6] - BCE announced a strategic partnership with PSP Investments to enhance fiber infrastructure development in underserved U.S. markets, with a potential commitment exceeding US$1.5 billion [5] Financial Performance - Operating revenues for Q1 2025 were $5,930 million, a decrease of 1.3% from Q1 2024 [15][18] - Net earnings increased by 49.5% to $683 million, with net earnings attributable to common shareholders rising 56.7% to $630 million, or $0.68 per share [9][18] - Adjusted net earnings decreased by 3.2% to $633 million, resulting in adjusted EPS of $0.69, down 4.2% [9][18] Operational Highlights - Consolidated adjusted EBITDA was stable at $2,558 million, with a slight increase in margin to 43.1% [19][18] - Free cash flow surged to $798 million, up from $85 million in Q1 2024, driven by higher cash flows from operating activities [9][20] - Bell Media revenue grew by 6.9%, with a 35.9% increase in adjusted EBITDA, and digital revenues rose by 12% [41][9] Strategic Developments - BCE is enhancing its technology services, including the launch of AI-driven solutions for customer security and a new technology solutions provider, Ateko [16][12] - The company is focusing on disciplined execution and capital management to navigate the challenging economic landscape [6][4] - BCE's capital expenditures in Q1 2025 were $729 million, down 27.2% from the previous year, reflecting a planned reduction in spending [20][18] Market Position - BCE's pure fiber Internet was recognized as Canada's fastest, and its 5G networks were ranked highest among Canadian carriers [16][14] - The company is experiencing competitive pressure, particularly in mobile services, with a decline in postpaid mobile phone net subscriber activations [22][25] - Bell Media's acquisition of Sphere Abacus aims to expand content distribution capabilities [17]

Core Viewpoint - BCE Inc. has announced modifications to its Shareholder Dividend Reinvestment and Stock Purchase Plan (DRP), changing the method of share distribution from a 2% discount to treasury issuances to purchasing shares on the secondary market [2][10]. Group 1: DRP Modifications - The DRP will now involve BCE's agent, TSX Trust Company, purchasing common shares on the secondary market with cash provided by BCE, effective from the dividend payable on July 15, 2025 [2]. - Existing participants in the DRP will remain enrolled unless they choose to terminate their participation by June 9, 2025 [4]. - Eligible shareholders not participating in the DRP will continue to receive regular cash dividends [5]. Group 2: Participation Details - Participation in the DRP is optional, allowing eligible shareholders to reinvest cash dividends or make optional cash payments without incurring commission or brokerage fees [3][5]. - Shareholders holding BCE common shares through intermediaries should consult with their brokers regarding participation or withdrawal from the DRP [4]. Group 3: Company Overview - BCE is recognized as Canada's largest communications company, providing a range of services including broadband Internet, wireless, TV, media, and business communications [7].

Group 1 - BCE Inc. will hold its first-quarter 2025 results conference call on May 8, 2025, at 8:00 am eastern, featuring CEO Mirko Bibic and CFO Curtis Millen [1] - Participants can join the call by dialing toll-free numbers, and a replay will be available until June 8, 2025 [2] - BCE is recognized as Canada's largest communications company, providing a range of services including broadband Internet, wireless, TV, media, and business communications [3] Group 2 - The company is committed to social and economic prosperity through initiatives like Bell for Better and Bell Let's Talk, which focuses on mental health awareness and community support [4] - BCE's leadership in the communications sector is based on total revenue and combined customer connections [5]