BCE reports third quarter results

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

BCE, which includes Bell Canada, Bell Aliant, Virgin Mobile, and the Source, reported a 1.3% increase in operating revenues to $4.5 billion and an 11.1% increase in operating income to $869 million, when compared to the same quarter in 2009.

“Bell’s Q3 progress encompassed strong growth in TV, Internet and especially wireless, the introduction of unique new products and services that take full advantage of our extensive investments in broadband networks, continued improvement in both business and residential network access line performance and rigorous cost management.” 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 92,169 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 September 30, 2010 rose 1.8% from the same period a year earlier to $3.86 billion while operating income rose 15.6% to $674 million.

Bell reported that higher revenues came from growth in TV and wireless revenues which were up 9.3% and 8.1% respectively. Lower revenues were reported in Wireline phone and long distance revenues which were down 3.1% and 14% respectively.

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

  • High Speed Internet – 2,085,227 (2,084,343)
  • Landline Telephone Residential – 3,645,437 (3,965,540)
  • Landline Telephone Business – 2,894,440 (3,002,985)
  • Landline Telephone Total – 6,539,877 (6,968,525)
  • Wireless Postpaid – 5,384,661 (4,966,061)
  • Wireless Prepaid – 1,740,605 (1,741,208)
  • Wireless Total – 7,125,266 (6,707,269)
  • Video includes DTH and IPTV – 1,997,079 (1,924,197)

Bell Aliant

Operating revenue at Bell Aliant for the third quarter of 2010 fell 3.5% to $698 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 $161.8 million, down from $163.7 million in the same quarter a year earlier.

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

  • High Speed Internet – 839,393 (797,682)
  • Landline Telephone Residential – 1,837,585 (1,955,339)
  • Landline Telephone Business – 991,081 (1,014,583)
  • Landline Telephone Total – 2,828,666 (2,969,922)
  • Wireless Total – 128,781 (119,654)
  • IPTV – 43,000

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