BCE Inc. (BCE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the BCE Q1 twenty twenty six Results Conference Call. I would now like to turn the meeting over to Chris Summers. Please go ahead, Mr. Summers. Thank you, Matthew. Good morning, everyone, and thank you for joining our call. With me here today are Mirko Bibic, BCE's President and CEO and our CFO, Curtis Millen. You can find all our Q1 disclosure documents on the Investor Relations page of the bce.ca website, which we posted earlier this morning. Before we begin, I would like to draw your attention to our Safe Harbor statement on Slide two, reminding you that today's slide presentation and remarks made during the call will include forward looking information and therefore are subject to risks and uncertainties. Results could differ materially. We disclaim any obligation to update forward looking statements except as required by law. Please refer to our publicly filed documents for more details on assumptions and risks. With that out of the way, I'll turn the call over to Mirko. Good morning, everyone. Thanks, Chris. Our Q1 results demonstrate continued disciplined execution across all four of our strategic priorities in what remains a competitive operating environment. Consolidated revenue was up 4% and adjusted EBITDA grew 2.9%. As we've outlined consistently, our capital allocation is organized around three priorities: to strengthen the balance sheet through disciplined deleveraging, fund our strategic priorities and of course, return capital to shareholders through a sustainable dividend. We continue to execute against that framework in Q1. Most recently, we announced the divestiture of our land mobile radio business to Motorola Solutions for $675,000,000 and that's at an attractive valuation of approximately 10 times E...