TORONTO Feb 6 BCE Inc, Canada's
biggest telecom company, posted a 17 percent rise in adjusted
quarterly profit on Thursday, helped by strong growth in its
media wing and ongoing strength in wireless.
The Montreal-based parent of Bell Canada said fourth-quarter
net earnings slipped to C$495 million, or 64 Canadian cents a
share, from C$666 million, or 86 Canadian cents, a year earlier,
due to a windfall on spectrum in late 2012.
On an adjusted basis the company earned 70 Canadian cents a
share, up from 60 cents a year ago. Operating revenue was C$5.38
billion, compared with C$5.16 billion a year earlier.
Analysts had on average expected BCE to earn 69 Canadian
cents a share on revenue of C$5.41 billion, according to Thomson
BCE said it expects Bell's revenue to grow between 2 and 4
percent in 2014, and for the overall company to earn between
C$3.10 and C$3.20 a share. It raised its dividend by 6 percent
to C$2.47 a share annually.