BCE Inc BCE

Primary Symbol: T.BCE Alternate Symbol(s): 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 | BECEF | T.BCE.PR.H | 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.

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BCE Inc > This year's Capital destroyer award goes to

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Comment by BlueDawnon Nov 18, 2024 10:10am

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Post# 36317855

RE:RE:RE:This year's Capital destroyer award goes to

https://www.newswire.ca/news-releases/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-831143749.html

what the media assumed:

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.

what Mirko said:

Quotes
"We are proud of our time as co-owners of these iconic sports teams, and through this agreement have ensured that fans can count on Bell's continued support of their teams. Today's announcement demonstrates that we are focused on creating the financial flexibility to support our ongoing transformation and core growth drivers."

- Mirko Bibic, President & CEO, BCE Inc. and Bell Canada

BSdetector2016 wrote: Let's focus on BCE. When Bibic sold BCE's Entertainment interests, where did he say the proceeds would be allocated? I expected the monies to go towards the debt monster he created but no...

BlueDawn wrote:
Very reactionary view point.

the shareprice dropped:

because of a price war in Quebec lowering ARPU, (caused by quebecor pandering)

because some hedges wanted to short Canada and used the Canadian telcos as a proxy, (evidence the 3:1 short ratio between nyse and tsx)

because the fed needs interest rates up to offset the BRICS, gold and Bitcoin pressures, (neither of the others offers that income)

because the economy was running hot and we needed layoffs, ( Comments from Tiff about the pain the rates are meant to cause better than the pain of inflation)

Management has done what they can to restructure the org and take on the hard calls of layoffs and pissing off both unions and government in the process. Refocused away from all eggs in Canada basket to build on growth. Sold a popular but non ebitda generating beloved sports organization. Non of those moves are popular moves but as a shareholder running the numbers these are the moves that started to bring my money back to the company.

your points were true when the fat valuation was at $70 a share now they are simply 18 months late.

was Air Canada really only worth 15 bucks a month ago or 24 bucks now. Shareprice is not value it's sentiment...