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BCE Inc T.BCE

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

Communication Services Telecom Services
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

BCE Inc
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Post by Betteryear2on Sep 18, 2024 12:34pm
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Post# 36229223

BCE sells its minority stake in MLSE

BCE sells its minority stake in MLSE
  • BCE sells its stake in Maple Leaf Sports and Entertainment (MLSE) for CA$4.7 billion
  • Long-term content rights agreement ensures TSN's place as Canada's Sports Leader
  • TSN to remain home of Toronto Maple Leafs, Toronto Raptors, Toronto Argonauts and Toronto FC games
  • Bell remains official telecom sponsor of the Toronto Raptors, and continues sponsorships of Toronto Argonauts and Toronto FC 

MONTREAL, Sept. 18, 2024 /CNW/ - BCE Inc. today announced that it has reached an agreement to sell its ownership stake in MLSE for CA$4.7 billion to Rogers Communications Inc. ("Rogers"), subject to relevant sports league and other customary approvals. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to techco with a focus on core growth drivers.

Canadians can count on TSN for Toronto Maple Leafs and Toronto Raptors game action through access to content rights for 20 years; BCE sells its minority stake in MLSE (newswire.ca)

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