Event company

BCE Inc. CEO is confident the company can handle network disruptions when they arise

MONTREAL — The head of BCE Inc. made a point of assuring investors Thursday that the company’s network is designed to avoid the kind of massive outage that recently hit Rogers Communications Inc.

“Bell’s wireless and wireline networks use different network infrastructures and are configured such that a major wireline network disruption does not disrupt the nationwide wireless network,” Chief Executive Officer Mirko Bibic said during an interview. a conference call with analysts.

While he acknowledges that no network is completely fail-proof, he said “the architecture clearly makes a difference.”

“In the event of a localized outage, we have implemented an automated customer notification system starting first in Quebec and then in Ontario,” he added.

His comments come nearly a month after the Rogers Communications Inc. network outage affected wireless and wireline networks and affected millions of customers across Canada.

Just days after the incident, the federal Minister of Industry met with Canada’s major telecommunications companies and gave them 60 days to develop a resilience plan to mitigate the impact of future outages and other emergency scenarios, including emergency roaming agreements, a mutual assistance framework during outages, and a communication protocol to better inform the public and authorities during telecom emergencies.

BCE announced Thursday that its profits fell in the second quarter as its revenues increased.

The company’s second-quarter results showed its profit attributable to common shareholders was $596 million or 66 cents per share for the quarter ended June 30, compared with $685 million or 76 cents per share a year earlier. earlier.

Operating revenue totaled $5.86 billion, compared to $5.70 billion in the same period last year.

On an adjusted basis, the telecom giant said it earned 87 cents per share, compared with adjusted earnings of 83 cents per share a year earlier.

Wireless revenue hit $2.24 billion from $2.13 billion a year ago, while wireline revenue fell to $2.99 ​​billion from $3 billion. Bell Media’s revenues totaled $821 million, up from $755 million in the same quarter last year.

The company said it continued to see momentum in its wireless business, with 110,761 mobile network subscriber activations in the second quarter. Retail Internet activations also increased by 27.9%.

On the call, the company also noted that the current inflationary environment is quite manageable and has not caused any material issues. Nor has it seen much change in customer payment habits, with no corresponding increase in bad debts and no longer payment terms.

This report from The Canadian Press was first published on August 4, 2022.

Companies in this story: (TSX: BCE)

The Canadian Press