Bulletin: BCE Inc.?s Third-Quarter 2022 Earnings Underscore Growth Services Momentum

TORONTO (S&P Global Ratings) Nov. 8, 2022--S&P Global Ratings today said that BCE Inc.'s (BBB+/Stable/A-2) third-quarter 2022 operating results reflect solid execution in spurring growth in wireless and fixed-broadband services and should lead to improved quality of the company's future earnings. The company's year-to-date financial performance is supportive of our full-year 2022 adjusted EBITDA growth estimate of 3%-4% and S&P Global Ratings-adjusted debt-to-EBITDA ratio of about 3.25x. Notably, for the nine months ended Sept. 30, 2022, BCE posted strong net new postpaid wireless subscriber growth of about 48%, and new retail high-speed internet subscriber growth of about 32%; the latter figure suggests the company is gaining market share from greater fiber-to-the-home availability (estimated 80% of broadband footprint by year-end 2022)

...November 8, 2022 TORONTO (S&P Global Ratings) Nov. 8, 2022--S&P Global Ratings today said that BCE Inc.'s (###+/Stable/A-2) third-quarter 2022 operating results reflect solid execution in spurring growth in wireless and fixed-broadband services and should lead to improved quality of the company's future earnings. The company's year-to-date financial performance is supportive of our full-year 2022 adjusted EBITDA growth estimate of 3%-4% and S&P Global Ratings-adjusted debt-to-EBITDA ratio of about 3.25x. Notably, for the nine months ended Sept. 30, 2022, BCE posted strong net new postpaid wireless subscriber growth of about 48%, and new retail high-speed internet subscriber growth of about 32%; the latter figure suggests the company is gaining market share from greater fiber-to-the-home availability (estimated 80% of broadband footprint by year-end 2022) as well as higher subscriber penetration, and is also likely benefiting from the third-quarter network outage at rival Rogers Communications...

Bulletin