
BCE Inc. reported a fourth-quarter profit that increased compared to the previous year, although its operating revenue showed a slight decline. The company, Canada's largest telecommunications provider, exceeded analysts' expectations for the quarter, largely due to cost reductions. However, BCE indicated a potential decrease in performance for the upcoming year. Notably, the company experienced a 56% year-over-year drop in postpaid activations, with 56,550 net new postpaid wireless customers added in the fourth quarter of 2024 compared to 2023. This decline in activations raises concerns about future growth amidst changing market conditions.
I believe Stats Canada is underestimating the slowdown in population growth. Latest evidence from BCE this morning...56,550 net new postpaid wireless customers in Q4, down 56% y/y
BCE posts higher earnings in fourth quarter but sees drop this year https://t.co/gmgmcUhCpv
BCE beat analysts’ fourth-quarter expectations as Canada’s largest telecommunications firm reduced costs https://t.co/VMqamYTh0n
