Key Developments: BCE Inc (BCE)
46.81USD
22 May 2013
$-0.28 (-0.59%)
$47.09
$47.18
$47.52
$46.71
515,520
694,032
$48.06
$39.12
Latest Key Developments (Source: Significant Developments)
Bce Inc Declares Quarterly Dividend
Bce Inc announced that the Board of Directors have declared a quarterly dividend of $0.5825 per common share, payable on July 15, 2013 to shareholders of record at the close of business on June 14, 2013. Full Article
Bce Inc Reaffirms FY 2013 EPS Guidance
BCE Inc announced that for fiscal 2013, it expects adjusted EPS as reported in the range of $$2.97-$3.03. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.98 for fiscal 2013. Full Article
BCE Inc's Bell Canada Announces Offering Of MTN Debentures
Bell Canada (Bell) announced the public offering of CAD1,000,000,000 of MTN Debentures pursuant to its medium term notes (MTN) program. The 3.35% MTN Debentures, Series M-26, will be dated March 22,2013, will mature on March 22, 2023 and will be issued at a price of CAD$99.831 per $100 principal amount for a yield to the investor of 3.370% per annum compounded semi-annually. The Series M-26 MTN Debentures will be fully and unconditionally guaranteed by BCE Inc. The net proceeds of this offering are intended to be used for general corporate purposes, including the repayment of outstanding commercial paper and funding a portion of the cost of BCE Inc.'s pending acquisition of Astral Media Inc., which remains subject to approval by the Canadian Radio-television and Telecommunications Commission (CRTC). Bell is wholly owned by Montréal's BCE Inc. Full Article
BCE Inc Announces Common Share Dividend
BCE Inc announced that for the fourth quarter of 2012 a $0.06 per share increase in its annual common share dividend to $2.33. The Company also announced that the board of directors have declared a quarterly dividend of $0.5825 per common share, payable on April 15, 2013 to shareholders of record at the close of business on March 15, 2013 . Full Article
BCE Inc Issues FY 2013 EPS Guidance
BCE Inc announced that for fiscal 2013, it expects adjusted EPS as reported in the range of $$2.97-$3.03. Full Article
Astral Media Inc And BCE Inc Submit New Takeover Application-Reuters
Reuters reported that Astral Media Inc and its suitor, BCE Inc, filed a revised application for approval of their proposed combination, after the first one was rejected by the country's broadcast regulator. The Canadian Radio-television and Telecommunications Commission blocked BCE's proposed CAD3 billion ($2.99 billion) takeover of Astral last month, saying it would give too much power to BCE. Full Article
BCE Inc Reaffirms FY 2012 EPS Guidance; Declares Quarterly Dividend
BCE, Inc. announced that it is on track to achieve earnings per share (EPS) range $3.13-$3.18 for fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.17 for fiscal 2012. The Company announced that the Board of Directors declared a quarterly dividend of $0.5675 per common share, payable on January 15, 2013 to shareholders of record at the close of business on December 14, 2012. Full Article
BCE Inc Shocked By CRTC Rejection Of Astral Media Inc Transaction, Requests Cabinet Intervention
BCE Inc announced it will request that the federal Cabinet intervene in the CRTC's decision to reject Bell's acquisition of Astral Media Inc. Bell is appalled that the CRTC would come to a decision that so negatively impacts Canadian consumers and the national broadcast industry, contravenes its own policy and is tainted by behind-the-scenes lobbying by Bell's cable rivals. In its 2008 Diversity of Voices regulatory policy, the CRTC confirmed that it would approve broadcasting transactions resulting in a company controlling less than 35% of total TV audience share. Bell and Astral combined would have an English-language TV market share of 33.5% and just 24.4% of the French-language TV market, both well within the rules (it is worth noting that this would put Bell-Astral on par with cable company Shaw/Corus, which has a 30.2% share of English-language TV, and well behind cable company Quebecor's existing 30% share of French-language TV). With this CRTC policy in place, and which Bell logically used as its guide in acquiring Astral, the CRTC instead quotes a working paper from 1978, a single application from 1986 and a 1989 public notice to justify its rejection of the Bell-Astral transaction in 2012. Full Article
Canada Regulator Blocks BCE Inc's Takeover Of Astral Media Inc.-Reuters
Reuters reported that Canada's broadcast regulator blocked BCE Inc's CAD3 billion ($3.05 billion) takeover of Astral Media Inc, declaring it would have given the Canadian media giant too much power. The decision is beneficial for Quebecor Inc, which feared a challenge to its dominance of French-language television services. It also benefits BCE's English-language competitors, including Rogers Communications Inc, which said BCE was already abusing its market power as an integrated broadcaster and distributor. The decision can be appealed to the Federal Court of Appeal but cannot be overturned by the federal cabinet Full Article
BCE Inc And Investor Group Completes Acquisition Of Q9 Networks
An investor group comprising BCE Inc. (Bell), Ontario Teachers' Pension Plan (Teachers'), Providence Equity Partners, and Madison Dearborn Partners LLC announced the completion of its acquisition of Canadian data centre operator Q9 Networks. Of the purchase price of CAD1.1 billion, Teachers', Providence and Madison Dearborn together contributed CAD430 million and Bell provided C$185 million of the equity funding. New debt financing by Q9 also funded a portion of the acquisition price. Full Article
WRAPUP 1-Telus profit steams ahead, BCE trails on flat revenue
TORONTO, May 9 - Canadian telecoms provider Telus Corp promised three more years of dividend growth on Thursday as it reported a 13 percent rise in quarterly profit, results that outshone cross-Canada rival BCE Inc.
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