Bell revenues climb 3% in 4Q18

11 Feb 2019

Bell Canada Enterprises (BCE) reported that its operating revenue was up 3.0% in Q4 2018 to CAD6.215 billion (USD4.680 billion), driven by a 1.5% increase in service revenue to CAD5.231 billion that reflected year-on-year growth for all Bell operating segments. Product revenue increased 11.3% to CAD984 million, the result of a higher sales mix of premium smartphones and stronger data equipment sales to large business customers. Adjusted EBITDA grew 2.8% to CAD2.394 billion in October-December 2018, driven by y-o-y increases of 5.1% at Bell Wireless, 1.3% at Bell Wireline and 2.9% at Bell Media. BCE’s consolidated adjusted EBITDA margin decreased slightly to 38.5% from 38.6% in Q4 2017, the result of strong growth in lower-margin wireline and wireless (e.g. via the new Lucky Mobile budget mobile brand) product revenue.

BCE invested CAD974 million CAPEX in Q4, compared to CAD1.100 billion a year earlier, bringing total CAPEX for full-year 2018 to CAD3.971 billion, down 1.6% from FY17; spending focused on expanding the fibre-to-the-premises (FTTP) footprint to more homes and businesses; expansion of the LTE-A network and spectrum carrier aggregation, the deployment of wireless small cells to optimise coverage, signal quality and data backhaul; the initial rollout of ‘fixed WTTH’ using 3.5GHz spectrum to rural locations in Ontario and Quebec; and ongoing investment in Manitoba (Bell MTS) to improve broadband network coverage, capacity and speeds.

In Q4 2018 BCE added 143,114 net new wireless subscribers (comprising 121,780 post-paid and 21,334 pre-paid), 29,627 fixed broadband customers and 36,473 IPTV customers, whilst reporting net losses of 27,220 satellite TV customers and 61,442 residential fixed voice line accesses. At end-2018 it had in total: 9,610,482 wireless customers, up 4.8% (including 8,830,216 post-paid, an increase of 4.9%); 3,933,931 fixed internet subscribers, up 3.8%; 2,853,081 TV subscribers, up 0.7% (including 1,675,706 IPTV customers, an increase of 8.1%); and 2,990,188 residential fixed telephony lines, down 7.5%.

Canada,Bell Canada Enterprises (BCE),

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share