The Montreal-based telecom firm reported 3.5 per cent wireless third-quarter revenue growth to $2.3 billion. Net earnings grew 6.3 per cent to $922 million. (The Logic)
Talking point: After Rogers, Bell is the second telecom to report earnings following the introduction of unlimited data plans this summer. The plans were expected to negatively affect results, since they slash overage charges; that was the case for Rogers, which cut its earnings and revenue guidance after triple the expected number of customers signed up for unlimited plans. Bell seems to have come out unscathed, which COO Mirko Bibic credits to the firm’s more gradual approach to switching customers to the new plans, relative to its competitors. The country’s major telecoms could soon be wading into more competitive waters if the newly re-elected Liberals follow through on their campaign promise to encourage another telecom to enter the market if the big players don’t meet the party’s pricing targets.