BCE reports fourth quarter results

Bell Canada Enterprises (BCE), Canada’s largest communications company, today reported fourth quarter and full year financial results for 2010.

In the final quarter of 2010, BCE, which includes Bell Canada, Bell Aliant, Virgin Mobile, and the Source, reported a 0.9% increase in operating revenues to $4 billion and an 20.8% increase in operating income to $691 million, when compared to the same quarter in 2009.

For the year, BCE’s operating revenues were $18 billion while operating income was $3.7 billion, 1.9% and up 15.1% respectively over the previous year.

“Our fourth-quarter performance closed an impressive year.” said George Cope, President and CEO of BCE and Bell Canada.

The downside for Bell continues to be the loss of traditional landline telephone customers. By the end of 2010, the company had 6.48 million lines down 5.6% from 6.87 million lines a year earlier.

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 December 31, 2010 rose 0.9% from the same period a year earlier to $4.02 billion while operating income rose 20.8% to $691 million.

Bell reported that higher revenues came from growth in TV and wireless revenues which were up 7.9% and 8.3% respectively. Lower revenues were reported in Wireline phone and long distance revenues which were down 2.5% and 11.7% respectively.

The following are Bell Canada’s landline, wireless, internet and video subscriber counts as of December 31, 2010. (Numbers in parentheses reflect customer counts for the same period in 2009)

  • High Speed Internet – 2,097,326 ( 2,056,99)
  • Landline Telephone Residential – 3,608,887 (3,886,530)
  • Landline Telephone Business – 2,866,818 (2,974,492)
  • Landline Telephone Total – 6,475,705 (6,861,022)
  • Wireless Postpaid – 5,541,369 (5,041,230)
  • Wireless Prepaid – 1,700,679 (1,792,072)
  • Wireless Total – 7,242,048 (6,833,302)
  • Video includes DTH and IPTV – 2,020,098 (1,948,877)

Bell Aliant

Operating revenue at Bell Aliant for the fourth quarter of 2010 fell 3% to $709 million from the same period a year earlier, due to lower local, long distance, and data revenues. Bell Aliant’s had an operating loss of $1.4 billion, down from operating income of $145.8 million in the same quarter a year earlier. Excluding a write-down in the value of assets of $1.5 billion, the company would have had operating income of $145.5 million.

The following are Bell Aliant’s landline, wireless, and internet  subscriber counts as of December 31, 2010. (Numbers in parentheses reflect customer counts for the same period in 2009)

  • High Speed Internet – 842,460 (807,640)
  • Landline Telephone Residential – 1,802,864 (1,918,889)
  • Landline Telephone Business – 973,010 (997,267)
  • Landline Telephone Total – 2,775,874 (2,916,156)
  • Wireless Total – 132,362 (121,019)

Discuss in Digital Home’s Bell High Speed Internet and Home Phone forum

Comments

2 Responses to “BCE reports fourth quarter results”
  1. Toby says:

    Oh yeah, looks like Bell is hurting and just *needs* that usage-based billing to come into effect immediately (sarcasm). The more people leave this company, the better.

  2. Mike says:

    Bell truly needs a better marketing team, BCE could be considered a fine organization. Instead, it is lagging in marketing strategies and promotions. Still, I will continue to use your service as Rogers provides empty promises.