Earnings release
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BCE News release For immediate release This news release contains forward - looking statements . For a description of the related risk factors and assumptions , please see the section entitled " Caution Regarding Forward - Looking Statements " later in this news release . • • BCE reports first quarter 2021 results BCE revenue grows 1.2 % , adjusted EBITDA up 0.5 % , representing the first quarter of growth since the beginning of the COVID - 19 crisis Broadband additions up 51 % year over year – 108,468 total combined wireless mobile phone and mobile connected device , retail Internet and IPTV net additions • 32,925 postpaid mobile phone net additions , up 31,366 ; net mobile connected device additions grew 51 % to 74,159 • • • • 21,208 retail Internet net additions with 12 % Internet revenue growth ; 10,696 IPTV net additions represent first quarter of year - over - year growth since Q1 2019 Broadband network acceleration program under way with over $ 1 billion in capital invested in Q1 ; on track to reach up to 6.9 million total fibre and WHI connections by year end Strong financial position with $ 6.5 billion of available liquidity at the end of Q1 ; cash flows from operating activities up 37.3 % to $ 1,992 million , driving 54 % higher year- over - year free cash flow of $ 940 million Net earnings of $ 687 million with net earnings attributable to common shareholders of $ 642 million , or $ 0.71 per common share ; adjusted net earnings of $ 704 million generated adjusted EPS of $ 0.78 , down 1.3 % MONTRÉAL , April 29 , 2021 - BCE Inc. ( TSX , NYSE : BCE ) today reported results for the first quarter ( Q1 ) , including the first quarter of positive revenue and adjusted EBITDA growth since the beginning of the COVID - 19 crisis , and significant progress in Bell's broadband network acceleration program . " As we celebrate the 141st anniversary of Bell's founding in Montréal today , our Q1 results highlight how the Bell team continues to step up to support our customers and communities in 2021. Keeping the country connected and informed while building momentum in a recovering economy , Bell delivered continued sequential quarterly improvement in our results , including positive revenue and adjusted EBITDA growth for the first time since the beginning of the COVID crisis , " said Mirko Bibic , President and CEO of BCE Inc. and Bell Canada . " As we all deal with the ongoing social and economic challenges of COVID - 19 , Bell is focused on advancing how Canadians connect with each other and the world . Building the best networks , launching innovative services and delivering the most compelling content is supporting an improved growth trajectory for Canada's largest communications company and delivering positive benefits for all our stakeholders . " " The speed and quality of our networks , the exclusive services that leverage them and our team's commitment to champion customer experience helped grow Bell's broadband market share in Q1 with 108,468 net new mobile , retail Internet and IPTV customers - a 51 % increase over Q1 last year - alongside continued leadership in traditional and digital media platforms , " said Mr. Bibic . " We're building on this success with our accelerated fibre , rural and 5G network rollout program now under way to support Canada's ongoing recovery and long - term broadband 1/14