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Bell to cut capital expenditures and reduce high-speed fibre Internet expansion due to CRTC decision that discourages network investment
Bell to cut capital expenditures and reduce high-speed fibre Internet expansion due to CRTC decis...
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[{"type":"text","content":"\n \n \n \n Bell to cut capital expenditures and reduce high-speed fibre Internet expansion due to CRTC decision that discourages network investment\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Bell to reduce planned network investment by over\n \n $1 billion\n \n in 2024-25, including a minimum of\n \n $500\n \n to\n \n $600 million\n \n next year as a direct result of the CRTC decision\n \n \n CRTC decision leaves access to high-speed fibre Internet at risk for millions of Canadians in rural, suburban and urban communities\n \n \n \n \n MONTRÉAL\n \n ,\n \n \n Nov. 6, 2023\n \n \n /CNW/ - Bell today announced its intention to reduce capital expenditures by over\n \n $1 billion\n \n in 2024-25, including a minimum of\n \n $500\n \n to\n \n $600 million\n \n in 2024, money the company had planned to invest in bringing high-speed fibre Internet to hundreds of thousands of additional homes and businesses in rural, suburban and urban communities.\n \n \n This reduction is in addition to Bell decreasing its 2023 capital expenditure budget by\n \n $100 million\n \n in anticipation of the CRTC decision to unrelentingly pursue wholesale access at the expense of critical network investment.\n \n \n Bell's fibre network is now available to over seven million homes and businesses. Prior to the CRTC's decision, Bell's near-term plan was to build high-speed fibre to nine million locations by the end of 2025. Bell will now re-consider pending builds in all communities where it had planned to expand, and will reduce its 2025 build target from nine million to 8.3 million locations.\n \n \n Rolling back fibre network expansion is a direct result of the CRTC's decision. Today's decision forces Bell to open up its fibre network in...