RE:USA big 3 telecoms ARPU's have all bottomed and are rising 1. Bibic is emulating what Stankey of ATT did and better. ATT spun-off its Warner media assets and gave the proceeds to shareholders as shares in the combined Warner Bros. Discovery on April 8, 2022. ATT did not benefit from the proceeds $$$ but gave those to the shareholders. That was a mistake that Bibic avoided and I give him credit for it. He is keeping the proceeds from the sale of BCE's MLSE share, not giving it away to shareholders; and is investing those proceeds in a business it can leverage better than an investment fund, generating 400 m EBITDA and heading to 1B in a few years. It is fair to conclude that Bibic has (a) divested a la ATT from a non-core asset and invested in a core-asset, and (b) able to support future dividend increases.
2. The cash dividend payout ratio should trend or drop below 1 with the 2% bonified DRP.
3. Bibic is exploring additional divestitures to reduce debt and rtaccelerate the deployment of fiber in the US, with a strategic financial partner who will put up the cash.his a strong stock appreciation driver. If not convinced, look at ATT stock appreciation.