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BCE Inc T.BCE

Alternate Symbol(s):  BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | T.BCE.PR.H | BECEF | T.BCE.PR.I | T.BCE.PR.J | T.BCE.PR.K | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.


TSX:BCE - Post by User

Comment by JoeBravo1on Mar 15, 2024 9:18am
269 Views
Post# 35934552

RE:RE:The Selling of 45 Radio Stations...

RE:RE:The Selling of 45 Radio Stations...Selling non-core assets will have a quicker effect on the bottom line than cost cutting through layoffs less the severance packages.

Still, BCE did state that this year 2024, they should save $150-$200 million through layoffs alone, and I would think that includes Severance Packages.

That's a lot of money in savings this year, with $250 million in savings next year and annually afterwards.  The increase in savings next year I believe is due to no more severances being paid due to the layoffs.

The sale of non-core assets will help reduce debt as the S&P Report stated and not only help sustain dividend, but maintain their credit ratings.
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