The telecom giant reported operating revenue of $5.86 billion in its last quarter, a 2.9 per cent increase from the prior year, but net earnings dipped 10.9 per cent to $654 million. The company blames losses on investments, higher depreciation and amortization expenses, and other miscellaneous costs. (The Logic)
Talking point: Without mentioning Rogers’s July service outage, BCE said it’s spending $5 billion on capital projects this year and $14 billion in the three years that started in 2020, “the highest amount ever by a Canadian telecom company.” The to-do list includes “ensuring resiliency.” Meanwhile, BCE risks becoming a pointed example in a federal push for a law banning replacement workers in strikes and lockouts. Unifor, which represents about 4,200 BCE clerical workers, reached a tentative agreement with the company Wednesday, but not before publicly accusing BCE of union-busting by inviting members to work at home in case of a strike, and keeping a list of those willing—and, by extension, those unwilling—to do it.