New mobile data, IP-based services helping boost Bell’s revenues

4 Nov 2011

Bell Canada Enterprises (BCE) has posted an 18.5% year-on-year rise in net income to CAD724 million (USD714 million) in the third quarter of 2011, on revenues that climbed by 10.1% to CAD4.3 billion. Cellular division Bell Mobility’s customer base grew by 3.4% in a year to 7.37 million at the end of September, while mobile data revenue increased by 34.1%, helped by accelerating smartphone penetration and increased usage of bandwidth-heavy applications including mobile TV. The group partly attributed the mobile data growth to BCE’s recent acquisition of broadcaster CTV (part of the Bell Media division since the second quarter of this year), with new content line-ups encouraging Bell’s mobile subscribers to stream 264,000 videos in the third quarter, up by 103% year-on-year. Pay-TV revenues grew by 3.9% in July-September 2011, with IPTV service Bell Fibe TV reaching coverage of nearly 1.5 million households in Montreal and Toronto, and customers up 40% year-on-year. Bell Canada’s traditional PSTN fixed telephony lines in service decreased by 110,000 in the quarter.

Canada, BCE (old), Bell Canada Enterprises (BCE)