Earnings release
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BCE News 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 second quarter 2021 results Net earnings increased 149.7 % to $ 734 million with net earnings attributable to common shareholders growing 189 % to $ 685 million , or $ 0.76 per common share , up 192.3 % ; 31.1 % higher adjusted net earnings ( 1 ) of $ 751 million generated adjusted EPS ( 1 ) of $ 0.83 , up 31.7 % Delivered 6.4 % consolidated revenue growth and 6.2 % higher adjusted EBITDA ( 2 ) 115,916 total wireless mobile phone and mobile connected device , retail Internet and IPTV net additions , up 75 % year over year Leading growth in wireless service revenue and mobile phone average billing per user ( ABPU ) ( 4 ) as we welcomed 44,433 postpaid mobile phone net additions , up by 45,393 , and increased net mobile connected device additions 22.2 % to 47,449 Retail Internet fibre net additions up 80 % to 27,112 , with 12 % residential Internet revenue growth ; up to 900,000 new fibre and WHI locations to be passed in 2021 Growing 5G leadership : Total 3.5 GHz mobile spectrum holdings of 1,690M MHz - POP ; strategic cloud and technology partnerships with AWS and Google Cloud ; on track to cover 70 % of national population with 5G service by year end Strong financial position including $ 5.3 billion of available liquidity ( 5 ) enabling accelerated capital investment , wireless spectrum purchases and dividend growth Ongoing industry leadership in ESG standards highlighted by the launch of the Bell for Better initiative MONTRÉAL , August 5 , 2021 - BCE Inc. ( TSX , NYSE : BCE ) today reported results for the second quarter ( Q2 ) . " The Bell team successfully delivered on our growth strategy in Q2 with strong execution across all of our operating segments . A year after COVID - 19's initial impacts in early 2020 , we've achieved strong , sequential improvement in total customer net additions ; increased consolidated revenue and adjusted EBITDA more than 6 % , with leading growth in wireless service revenue and ABPU ; and further accelerated capital spending to drive the next- generation networks and service innovations critical to Canada's recovery and long - term economic growth , ” said Mirko Bibic , President and CEO of BCE Inc. and Bell Canada . " Canadians are continuing to embrace the power of our next - generation networks like 5G and Bell pure fibre , reflected in a 12 % increase in residential Internet revenue ; a 75 % increase in total retail Internet , IPTV , and mobile phone and connected device net subscriber additions ; and the ongoing introduction of exclusive digital media platform and service innovations . " Continued healthy free cash flow and Bell's overall strong financial position are enabling our historic network acceleration in every region , supported by public policy encouraging next- generation infrastructure investment and our recent acquisition of significant 5G spectrum ; ongoing dividend growth for our shareholders ; and continued leadership in building a diverse , sustainable and connected Canada , embodied in the new Bell for Better initiative that encompasses all of our ESG initiatives . For the last year and a half , Bell employees in every province and territory have stepped up 24/7 to keep Canadians connected , informed and 1/15