Bell Canada Reports Q3 672533

Net earnings applicable to common shares of $558M, up $310M year-over-year

November 13, 2009

1 Min Read

MONTREAL -- BCE Inc. (TSX, NYSE: BCE), Canada'slargest communications company, today reported BCE and Bell results for thethird quarter of 2009.

Bell reported revenue and EBITDA growth in line with its increasedfinancial guidance; healthy free cash flow; an increase in net earningsapplicable to common shares to $558 million, or $0.72 per share, this quartercompared to $248 million, or $0.31 per share, in Q3 2008; and strong wirelessand video net subscriber activations. These results demonstrate continuedprogress in the execution of Bell's 5 Strategic Imperatives - ImproveCustomer Service, Accelerate Wireless, Leverage Wireline Momentum, Invest inBroadband Networks and Services, and Achieve a Competitive Cost Structure.

"Our strategic progress this quarter makes clear that Bell isfundamentally transforming as a customer-focused competitor," said GeorgeCope, President and CEO of BCE and Bell Canada. "Even in a challengingeconomic and competitive environment, the Bell team's ongoing execution ofour strategic imperatives moves us forward every day toward achieving ourgoal: For Bell to be recognized by customers as Canada's leadingcommunications company."

BCE Inc. (Bell Canada) (NYSE/Toronto: BCE)

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