Cheap international calling cards Cheap card
Buy phone card
Best rates cards
Your account
1. Choose from and where you'll call
from to
2. Buy a phone card you selected
3. Get your PIN code on e-mail immediately
     

Bell Canada Profits Drop, Revenue Stagnant in First Quarter


08/05/2008

Canada’s largest telecommunications carrier, Bell Canada Enterprises Inc., has reported a 45% drop in profit for the first quarter of 2008, as it paid to expand its broadband infrastructure into 86 remote and rural communities.

Net Q1 income weighed in at C$289 million, or $0.32/share, compared to C$529 million in the same period a year earlier. Revenue, meanwhile, edged up 1% to C$4.39 billion, in what could be BCE’s last quarterly report as a publicly traded company.

The Ontario Teachers Pension Plan, together with a number of private equity firms, are currently in the process of taking the company private, in a deal worth C$52 billion.

In the years to come, BCE will likely depend on revenue from broadband internet, mobile phone, and satellite television services, as its core fixed-line telephone business continues to gradually decline.

Subscriber growth was generally below estimates in the first quarter, with Bell Mobility adding just 34,000 wireless subscribers, missing a Genuity Capital Markets forecast of 49,000. The company lost 106,000 local telephone customers in the same three-month period.

BCE’s change of ownership is expected to be completed by the end of June.



 

Related News

 
Telus Posts 2% Drop in Third-Quarter Profits
04/11/2009
LG’s first Google Android-based smartphone, the LG Eve, has been introduced by Rogers Wireless in the Canadian market.The new device features a 3-inch touchscreen display, sliding QWERTY keyboard, 5-megapixel digital camera, and built-in Wi-Fi and GPS. It is...
 
Bell Canada to Follow Telus, Converting to Income Fund Structure
12/10/2006
Bell Canada Enterprises Inc. announced on Wednesday that it will scrap its holding company structure, and convert its entire core business into Canada`s largest income trust.As a tax-advantaged trust, the Bell Canada Income Fund will start with an annual cash...
 
CRTC Allows Telus and Bell Canada to Set Free Market Local Phone Rates
24/11/2006
Canada`s biggest telephone providers, BCE Inc. and Telus Corp., have won the right to set their own prices on some fixed-line phone services, provided that they fall within a range approved by the Canadian Radio and Telecommunications Commission.The phone companies...
 
Consortium of Pension Funds Seeks to Take Bell Canada Private
19/04/2007
BCE Inc., the parent of Canada’s largest telephone provider, announced on Tuesday that it has entered negotiations to sell the business to a private consortium of pension funds.The group is being led by the Canada Pension Plan (CPP) Investment Board, Caisse de...
 

Best rates calling cards from:

Albania
Angola
Argentina
Armenia
Australia
Austria
Belarus
Belgium
Bermuda
Bolivia
Botswana
Brazil
Brunei
Bulgaria
Cambodia
Canada
Chile
China
Colombia
Costa Rica
Croatia
Cuba Guantanamo
Cyprus
Czech Rep.
Denmark
Dominica
Ecuador
Egypt
El Salvador
Estonia
Fiji Isl.
Finland
France
French Antilles
French Guiana
Georgia
Germany
Ghana
Gibraltar
Greece
Guadeloupe
Guam
Guatemala
Haiti
Hong Kong
Hungary
Iceland
India
Indonesia
Iraq
Ireland
Israel
Italy
Ivory Coast
Jamaica
Japan
Kazakhstan
Kenya
Korea South
Kuwait
Latvia
Liechtenstein
Lithuania
Luxembourg
Macao
Macedonia
Malawi
Malaysia
Malta
Mauritius
Mexico
Monaco
Nepal
Netherlands
New Zealand
Nicaragua
Nigeria
Norway
Oman
Pakistan
Palestine
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Senegal
Serbia
Singapore
Slovakia
South Africa
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Turkey
Uganda
United Kingdom
Ukraine
Uruguay
Unated States
Uzbekistan
Vatican
Venezuela
Yemen
Zambia
Zimbabwe
Home | News | Legal | References | Help | Feedback | Account | Order card | Country codes | Best rates Copyright © 2008 CheapCard.org