BCE reports second quarter results

Bell Canada Enterprises (BCE), Canada’s largest communications company, today reported financial results for the second quarter of 2010.

BCE, which includes Bell Canada, Bell Aliant, Virgin Mobile, and the Source, reported a 3.3% increase in operating revenues to $4.4 billion and 22.0% increase in operating income to $1 billion, when compared to the same quarter in 2009.

“Bell’s strong operating momentum and financial performance are the direct result of the Bell team’s strong execution of our strategic imperatives. We continue to accelerate our growth businesses in an increasingly competitive marketplace, while continuing to invest in the service programs and broadband networks that support our growth into the future,” said George Cope, President and CEO of BCE and Bell Canada.

The downside for Bell continues to be its traditional landline telephone which saw losses of 129,147 subscribers in the quarter.

Digital Home readers will be most interested in the results of Bell Canada whose services include local, long distance and wireless phone services, high-speed and wireless Internet access, and direct-to-home satellite and VDSL television services and Bell Aliant which provides many of the same services in Eastern Canada.

Bell Canada

Operating revenue at Bell Canada for the three months ending June 30, 2010 rose 4.5% from the same period a year earlier to $3.8 billion while operating income rose 30.6% to $820 million.

Bell reported that higher revenues came from growth in TV and wireless revenues which were up 11.6% and 9.6% respectively.

The following are Bell Canada’s landline, wireless, internet and video subscriber counts as of June 30, 2010. (Numbers in parentheses reflect customer counts at the end of 2009)

  • High Speed Internet – 2,063,559 (2,057,000)
  • Landline Telephone Residential – 3,713,920 (3,887,000)
  • Landline Telephone Business – 2,950,281 (2,975,000)
  • Landline Telephone Total – 6,632,046 (6,862,000)
  • Wireless Postpaid – 5,225,196 (5,041,000)
  • Wireless Prepaid – 1,762,190 (1,792,000)
  • Wireless Total – 6,987,386 (6,833,000)
  • Video includes DTH and IPTV – 1,978,541 (1,949,000)

Bell Aliant

Operating revenue at Bell Aliant for the second three months of 2010 fell 4.0% to $753 million from the same period a year earlier, due to lower local, long distance, data and information technology service revenues. Bell Aliant’s operating income was $152.3 million, down from $164.5 million in the same quarter a year earlier.

The following are Bell Aliant’s landline, wireless, internet and IPTV subscriber counts as of June 30, 2010. (Numbers in parentheses reflect customer counts at the end of 2009)

  • High Speed Internet – 829,817 (809,866)
  • Landline Telephone Residential – 1,866,954 (1,921,571)
  • Landline Telephone Business – 997,158 (1,004,650)
  • Landline Telephone Total – 2,864,112 (2,926,221)
  • Wireless Postpaid – Not disclosed (100,441)
  • Wireless Prepaid – Not disclosed 20,578
  • Wireless Total – 125,568 (121,019)
  • IPTV – Not announced.

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