BCE reports Q3 2026 results and announces C$2.45 billion tower stake sale
BCE Inc. posted third‑quarter 2026 results on November 5, showing 2.2% consolidated revenue growth and net earnings of $701 million, an 84.6% decline year‑over‑year. Adjusted earnings per share were $0.74, down 6.3% from the prior year. The company also disclosed a definitive agreement to sell a 49.9% interest in its newly formed wireless tower infrastructure business to La Caisse for C$2.45 billion. Management reaffirmed its 2026 guidance and its target net‑debt leverage of 3.5 times by the end of 2027.
Why it matters
The steep drop in net earnings reduces short‑term profitability, but the tower stake sale provides cash to strengthen the balance sheet and fund growth initiatives. The reaffirmed guidance and leverage target signal continued financial discipline for investors.
Key facts
- 1Consolidated revenue grew 2.2% year‑over‑year. prnewswire.com
- 2Net earnings were $701 million, down 84.6% year‑over‑year. prnewswire.com
- 3Adjusted EPS was $0.74, down 6.3% year‑over‑year. prnewswire.com
- 4Cash flows from operating activities increased 15.9% to $2,218 million. prnewswire.com
- 5Postpaid churn fell to 1.06%, a 7‑basis‑point improvement year‑over‑year. prnewswire.com
- 667,199 residential FTTH subscriber activations were recorded in the quarter. prnewswire.com
Open questions
- Material 3 reports Q3 revenue of $6,182 million, while material 4 reports revenue of $4.42 billion; the exact revenue figure is inconsistent.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.