Major Partnership with PSP Investments
BCE announced a strategic partnership with PSP Investments to fund the expansion of their U.S. business, with potential commitments over $1.5 billion, de-risking future funding needs while supporting the U.S. Fiber growth strategy.
U.S. Fiber Expansion and Ziply Acquisition
BCE plans to expand its U.S. Fiber footprint to up to 8 million locations with the acquisition of Ziply. Ziply's EBITDA grew by 17% in 2024, and the acquisition is on track to close in the second half of 2025.
Transformation Program Upsized
BCE increased its cost-saving target from $1 billion to $1.5 billion by 2028, building on $500 million in savings already achieved since 2022.
Digital Media Growth
Bell Media's digital revenues increased by 12%, driven by a 22% increase in Crave subscribers to 3.8 million. Media EBITDA was up 35.9%, with a notable increase in margins.
Improved Free Cash Flow
Free cash flow for Q1 increased by $713 million year-over-year, driven by lower CapEx, reduced cash taxes, and improved working capital.