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BCE Inc. profit rises helped by wireless additions, cost cutting


The operator's biggest business is its Bell Wireline division, where operating revenues slid by 2.1% to C$2.98 billion following the sale of a call centre unit in September, reduced spending on data products by large business customers and softer wholesale revenues. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.24.

The company added 69,848 net postpaid customers in the second quarter, up 14.4 percent, and lost 25,118 net prepaid customers.

"Wireless was strong, wireline was somewhat weak", said Maher Yaghi, an analyst at Desjardins, pointing to pressure from business accounts that cut into fixed-line revenue.

Ray Uncovers Hidden Portrait Beneath Famed Degas Painting
The conservators of the painting at the National Gallery of Victoria were curious but didn't want to damage the existing portrait. For almost a century, experts have known that Degas painted the famed portrait over another image sometime between 1876 and 1880.

Blended ARPU increased by 2.9% to C$64.32, driven by a larger proportion of two-year contracts, a higher postpaid smartphone subscriber mix, and increased data usage, BCE said.

Costing cutting along with "best-in-class" wireless additions helped BCE Inc. top operating earnings forecasts in its latest quarter even while revenue growth all but flat lined. Excluding the revenue loss from the call centre sale, residential-services revenue grew in the second quarter thanks to a 5.2 percent increase in total TV and internet sales.

Wireline adjusted EBITDA grew by 0.6% to C$1.27 billion.

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No hablamos de Chávarri , no existía, y él ( Jefferson Farfán ) se reía. "Hicimos unas bromas. Espero que mi nombre no lo toque nadie, porque voy a salir a hablar", precisó.

The company added 35,255 fibre TV customers in the second quarter, down from 50,466 a year earlier, reflecting the increasing maturity of the segment, fewer satellite TV customer migrations, and less aggressive acquisition and bundle offers. Royal Bank Of Canada reissued an "outperform" rating and set a C$61.00 target price on shares of BCE in a research report on Thursday, June 9th. Finally, Citigroup Inc. increased their price objective on shares of BCE from $62.00 to $63.00 and gave the stock a neutral rating in a research report on Tuesday, July 19th. Bell Media revenue rose 5.3% to $779M. The company expects growth in full-year adjusted EBITDA, driven by the national expansion of its TMN pay TV service and workforce reductions more than offsetting higher TV programming and sports rights costs.

BCE Inc. reported net income of $778 million or 89 cents per common share, up 2.5 per cent from past year.

State will use emergency funds to combat Zika virus
Aedes mosquitoes feed primarily on human blood, and tend to breed in small pools of water found in local neighborhoods. Zika is usually mild but can lead to severe brain-related birth defects if women are infected during pregnancy.

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