Bell to advance fibre, wireless and rural network rollouts with at least $1 billion in accelerated capital investment over the next 2 years.

  • Bold infrastructure program to support national economic and employment recovery from COVID-19 while enabling Canada's continued leadership in advanced communications
  • Biggest ever annual capital plan in Bell history: investment acceleration is in addition to Bell's typical capital expenditures of approximately $4 billion a year
  • Enhanced capital plan will add up to 900,000 additional fibre and rural Wireless Home Internet locations while also doubling Bell's 5G population coverage this year


MONTRÉAL, Feb. 4, 2021 /CNW Telbec/ - Underscoring the essential role Bell networks have played in Canada's COVID-19 response, and how important they will be to the country's economic recovery and future growth, Bell today announced it will rapidly expand its broadband fibre and wireless networks with a $1 billion to $1.2 billion acceleration in capital expenditures over the next 2 years.

"Bell has offered critical support to Canadians throughout COVID-19, and we are proud to ensure our networks will play a key role in the country's move forward as we announce our plan to accelerate the rollout of Bell network connections to hundreds of thousands of additional locations in urban and rural communities alike this year," said Mirko Bibic, President and CEO of BCE Inc. and Bell Canada.

"With network leadership driving Bell's momentum in the marketplace, BCE's rock-solid financial position and a stable federal regulatory environment supporting spending on new network infrastructure, it's the right time to step up with the unprecedented investment that Canada needs to build back. As we mark our company's 141st year of leading the way in communications innovation, the Bell team remains committed to advancing how Canadians connect with each other and the world with this bold new investment in our country's future," said Mr. Bibic.

This investment acceleration is in addition to Bell's typical annual capital expenditures of approximately $4 billion over the last decade (which grew to $4.2 billion in 2020 due to investment in network capacity and digital platforms in response to unprecedented usage demand during COVID-19). Funded from the proceeds of Bell's sale of data centres in 2020, the additional $1 billion to $1.2 billion investment is expected to generate an estimated $2 billion in new economic activity and create approximately 5,300 additional direct and indirect Canadian jobs. The program will also leverage accelerated expensing of capex under the federal capital cost allowance program, generating cash tax savings that can be reinvested in infrastructure development.

Bell expects to invest approximately $700 million of this additional capital in 2021 to accelerate both our wireless and wireline network footprints. This includes an incremental increase of up to 400,000 more homes and business covered by fast fibre and rural Wireless Home Internet service (which will increase new locations covered this year to as many as 900,000, for a total broadband footprint of approximately 6.9 million locations by the end of 2021). At the same time, Bell plans to double the national population coverage of Bell 5G, the fastest wireless network in the country, which currently serves more than 150 communities across Canada.

"The COVID crisis has reinforced the importance of fast, reliable and high-capacity broadband network connections in every part of Canadian society, and they will be just as critical to our ongoing national leadership in a converged digital world," said Mr. Bibic. "Building the best networks is a strategy that benefits all our stakeholders: our customers and communities with access to the latest communications innovations and 99.99+% network service reliability; our company with the leading market growth that propels Bell's broadband investment strategy; and our country with the next-generation infrastructure and support necessary to compete and prosper in a rapidly evolving global digital economy."

The capital acceleration will mean an incremental increase of up to 400,000 new homes and businesses covered with broadband service this year, including as many as 250,000 additional all-fibre connections, delivering the fastest home Internet speeds available and access to Fibe TV and other exclusive digital platforms, and up to 150,000 more homes covered by our unique WHI service, which is blazing a broadband Internet trail to rural Canada, including many locations previously unserved by any provider. Bell's 5G network, certified as Canada's fastest mobile service, will also double its current population coverage by year-end.

Providing advanced broadband wireless, TV, Internet, media and business communications services, Bell is the largest communications company in Canada with more than 22 million consumer and business connections. Bell was founded in Montréal in 1880 and is wholly owned by BCE Inc. (TSX, NYSE: BCE). To learn more, please visit Bell.ca or BCE.ca.

The Bell Let's Talk initiative promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, new research and workplace leadership initiatives nationwide. Please visit Bell.ca/LetsTalk to learn more.

Media inquiries:

Nathan Gibson
905-614-9596
[email protected]
@Bell_News

Investor inquiries:

Thane Fotopoulos
514-870-4619
[email protected]

Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking statements, including statements relating to our anticipated capital expenditures and the benefits expected to result therefrom, including our two-year increased capital investment program to accelerate fibre, Wireless Home Internet and 5G footprint expansion, our business outlook, objectives, plans and strategic priorities, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the "safe harbor" provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Our capital investment and network deployment plans and the benefits expected to result therefrom are subject to risks and, accordingly, there can be no assurance that our capital investment and network deployment plans will be completed or that the benefits expected to result therefrom will be realized. The value of the planned investment assumes our ability to access or generate the necessary sources of capital. However, there can be no certainty that the required sources of capital will be available with the result that the actual investment made by us could materially differ from current expectations. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE's Safe Harbour Notice Concerning Forward-Looking Statements dated February 4, 2021, filed by BCE with the Canadian provincial securities regulatory authorities (available at Sedar.com) and with the U.S. Securities and Exchange Commission (available at SEC.gov). This document is also available at BCE.ca.

SOURCE Bell Canada



Become a member
  • BCE reports 2020 Q4 and full-year results

    February 4th, 2021

    BCE Inc. (TSX: BCE), (NYSE: BCE) today reported results for the fourth quarter (Q4) and full-year 2020.

    Read more ...

  • Bell to advance fibre, wireless and rural network rollouts

    February 4th, 2021

    With at least $1 billion in accelerated capital investment over the next 2 years

    Read more ...

  • Bell Let's Talk - 2021

    January 30th, 2021

    Now more than ever! Bell Let's Talk Day sets new records. 

    Read more ...

  • Update on Class Action Lawsuit - Jan 2021

    January 28th, 2021

    Update on the Bell Canada Indexation of the Pension Plan Class Action

    Read more ...

  • Job Opportnities at BPG

    January 30th, 2021

    Read more ...

  • CPP Investments: Investing today, for your tomorrow

    January 11th, 2021

    The committment and focus of CPP Investments is helping to ensure the Canada Pension Plan Fund is there for generations to come.

    Read more ...

  • Bell Let's Talk Day - January 28

    January 6th, 2021

    Get ready to join the world's biggest conversation about mental health on Bell Let's Talk Day, January 28!

    Read more ...

  • More Support for Seniors from the Government of Canada

    December 19th, 2020

    The Government of Canada (Economic and Social Development Canada), have provided Seniors more support from the Fall Economic Statement.

    Read more ...

  • Bell connecting Canadians at home for the holidays

    December 19th, 2020

    Free TV programming and no extra usage fees on residential Internet over the Holidays.

    Read more ...

  • Update from the Minister of Seniors

    November 24th, 2020

    Minister of Seniors, Deb Schulte, announced a new Aging in Place Challenge Program.

    Read more ...

  • Cost of Living Adjustment for 2021

    November 20th, 2020

    The Cost of Living Adjustment on Bell Canada's pensions should be 1% in 2021.

    Read more ...

  • 2020 Bell Giving Campaign

    November 8th, 2020

    Bell’s Employee Giving Campaign runs from November 9 to 27 and offers you the opportunity to make a big
    difference in the lives of Canadians.

    Read more ...

  • BCE Reports Third Quarter 2020 Results

    November 6th, 2020

    On Nov 5, BCE reported results for the third quarter (Q3) of 2020.

    Read more ...

  • Webinar - Money Tips During COVID-19

    November 6th, 2020

    OSC is having a webinar on Tuesday November 10th at 3pm, if interested...

    Read more ...

  • Protect Yourself from Telecom Fraud

    November 6th, 2020

    Check out how to protect yourself from telecom fraud...

    Read more ...

  • Annual AGM

    August 22nd, 2020

    The Annual AGM for 2020 has been scheduled for September 15, 2020.

    Read more ...

  • Bell Let's Talk launches new fund

    July 30th, 2020

    Bell Let's Talk launches new fund to support mental health and well-being of Canada's Black, Indigenous and People of Colour communities.

    Read more ...

  • Additional auto insurance refund from The Personal

    July 22nd, 2020

    The Personal are providing additional refunds on your auto insurance.

    Read more ...

  • Online Claims - Manulife

    July 10th, 2020

    With the pandemic and its consequences (e.g. mail delay), it is recommended that you submit your Health Care Program claims online.

    Read more ...

  • Reduction of required minimum withdrawals from RRIF

    July 10th, 2020

    The minimum withdrawals requirement from RRIFs will be reduced by 25% for 2020, in recognition of volatile market conditions and their impact on many seniors' retirement savings.

     

    Read more ...

  • Canadian Red Cross and Bell Let's Talk grow the Friendly Calls program

    June 1st, 2020

    $700,000 donation to Red Cross COVID-19 Appeal addresses increased need for mental wellbeing and supports, expands program to Atlantic Canada

    Read more ...

  • Pension and Economic News

    May 31st, 2020

    Several items of iinterest, on debt, RRSPs and Pension Plans.

    Please check back regularly for updated articles.

    Read more ...

  • Enhancing Retirement Security for Canadians

    May 26th, 2020

    The Bell plan is currently at 100% solvency. BPG works with Bell to ensure your pension plan is protected and monitors the legislative environment  to ensure the appropriate reform is being addressed. There is always risk but BPG’s role is to minimize this risk as much as possible on your behalf.

    Read more ...

  • Possible Refund from the Personal on Auto Insurance

    May 22nd, 2020

    You could get a refund on your auto insurance premium from the Personal.  Complete the online form by June 30, 2020.

    Read more ...

  • COVID-19 and our Pensions

    May 17th, 2020

    Pension Update - May 15, 2020

    Should BPG members be worried about their Bell pensions:  NO  

    Please Read More for notes from BPGs President Denis Marquis

    Read more ...

  • Update on Class Action instituted against Bell

    April 24th, 2020

    On February 21, 2020, the appeal court rendered its decision which allowed the appeal and awarded judgment to the class action plaintiffs on behalf of all members of the class.

    Bell had 60 days from the date of the Ontario Court of Appeal's decision to apply for leave to appeal to the Supreme Court of Canada. We understand that Bell has sought an extension to this deadline of an additional 60 days.

    Read more ...

  • BPG 25th Anniversary Lunch & AGM

    April 2nd, 2020

    BPG 25th Anniversary Celebration and AGM Meeting originally scheduled for May 11, 2020 has been POSTPONED.  We will revisit in the fall of 2020.

    Read more ...

  • No Change to Dividends amid COVID-19 Crisis

    March 28th, 2020

    BCE has 'no change in plans' for dividend amid COVID-19 crisis

    Read more ...

  • Bell Let's Talk Day

    January 23rd, 2020

    Join in the 10th Anniversary of Bell Let's Talk Day on January 29

    Read more ...

  • BPG's 25th Anniversary

    January 7th, 2020

    BPG's 25th Anniversary Update

    Read more ...

  • Bell Welcomes Mirco Bibic as new President and Chief Executive Officer

    January 6th, 2020

    Bell welcomes Mirko Bibic as new President and Chief Executive Officer

    - 14th Bell chief executive leads Canada's communications company into its 140th year
    - Announces new strategic imperatives, promotions to Bell executive team

    Read more ...

  • CyberSecurity & Privacy

    October 29th, 2019

    CyberSecurity & Privacy review and types of attacks.

    Read more ...

  • BCE congratulates George Cope & Calin Rovinescu

    October 17th, 2019

    BCE congratulates George Cope and Calin Rovinescu on being named top CEOs by The Globe and Mail's Report on Business

    Read more ...

  • Federal Parties' Positions on Pension

    October 10th, 2019

    Federal parties’ positions on the pension security issues raised in Denis Marquis’ letter

    Read more ...

  • You can help!

    October 7th, 2019

    New Canadian Legislation needed now to fully protect our pensions.

    You can help!

    Read more ...

  • Bell turns on wireless in Nunavut

    September 23rd, 2019

    Bell Mobility turns on wireless broadband service in all 25 Nunavut communities

    Read more ...

  • Bell Expands LTE-M Network Coverage In the US

    September 23rd, 2019

    Bell announced, on Sept 19, 2019, a reciprocal roaming agreement with AT&T in the United States.

    Read more ...

  • Class Action Suit Decision

    August 19th, 2019

    On August 13, the Ontarion Supreme Court redered a decision regarding the Class Action Suit brought against Bell regarding 2017 indexing.

    Read more ...

  • 2019 AGM Presentations

    May 29th, 2019

    AGM Presentations from the May 28, 2019 meeting are now available.

    Read more ...

  • Exclusive Offer from CARP

    May 14th, 2019

    Exclusive offer from CARP negotiated by the Canadian Federation of Pensioners replaces the previous BPG discount.

    Read more ...

  • 2019 Audited Financial Statement

    April 28th, 2019

    The 2019 Audited financial statement for The Bell Pensioners Group is now available.

    Read more ...

  • Help Wanted - BPG Board Volunteers

    March 4th, 2019

    Please step up and help us if you can!

    Read more ...

  • Bell's New Retirement Option

    April 9th, 2019

    On March 7th, Bell introduced a new Retirement Income option for Defined Contribution (DC) members. 

    Read more ...

  • New Member Recruitment Survey

    April 9th, 2019

    Our chapter recently conducted a survey of new members to determine what recruitment channels are working best. 

    Read more ...

  • Spreading The BPG Story At Creekbank

    March 5th, 2019

    Julie Dupuis and a group of volunteer members of the BPG Ontario Central Board were at Creekbank on March 20, 2019 to spread awareness of BPG. We had an information table at 5099 Creekbank and we also went to visit employees at 5025 Creekbank. Folks we spoke to did not initially understand what BPG is all about. Once they understood our mission, they were quick to sign up; Membership is only $20 per year to protect your pension.

    Read more ...

  • Bell to complete shutdown of CDMA wireless network on April 30

    April 16th, 2019

    Customers transitioning to Bell's national 4G LTE network, which now reaches more than 99% of the Canadian population.

    Read more ...

  • 2019 Federal Budget

    April 9th, 2019

    Did you know?

    BPG is a founding member and has a seat on the board of the Canadian Federation of Pensioners (CFP). CFP was created to give DB Pensioners a much larger voice when lobbying the government and it has been effective.

    Federal 2019 Budget

    The Federal 2019 Budget is out and has created a lot of conversations and controversy. Every news source is carrying articles.

    Read more ...

  • The 5 W's of BPG

    April 2nd, 2019

    Take a look at the 5 W's of BPG to see why we need BPG and what we have to offer.

    Read more ...

  • Update - Advocacy Day is February 20th 2019

    February 17th, 2019

    Advocacy Day - Update:

    Dave Palmer and Denis Henry from BPG attended an Advocacy Day on Parliament Hill in February.  For that day, both CFP and NAFR (National Association of Federal Retirees) had brochures designed to address pension protection, and a couple of other issues near and dear to our retirees’ hearts. An example of the work we are doing with our partners.  Do you know that between CFP and NAFR they represent 2,000,000 retirees?  That’s a loud voice!  More details to follow with the President’s report at the AGM. Stay tuned!

     

    Advocacy Day - Feb 20, 2019:

    The National Association of Federal Retirees has organized an Advocacy Day for February 20th at Parliament Hill. 

    Read more ...

  • Cost of Living (COLA) clause increases your pension in 2019

    February 22nd, 2019

    The good news is that your 2019 pension payments reflect a full 2% increase for the COLA clause. This is calculated on the increase of the CPI for the 12 month period ending October 31.  See your Annual Pension statement for further details.

    Read more ...

  • Latest Update on Bell’s Pension Plan

    February 13th, 2019

    As Bell Defined Benefit pensioners, we are in a good place. Bell topped up our Pension plans increasing the solvency ratio to 99% as of December 2017 and 2018 brings another top up. 

     

    Read more ...

  • BPG President Patte Seaton, OC Directors and Member Interviews

    January 21st, 2019

    We at BPG are focussed on awareness and recruitment. It is important that all Defined Benefit Pension holders know that BPG is their advocate, and their voice.This year at our Ontario Central Chapter members’ meetings, we decided to ask some of our members and board volunteers along with Patte Seaton, the President of BPG, their thoughts

    Your Chapter & Corporate Boards

    Patte Seaton discusses BPG Board's role and values of membership


    Watch Video

    Camie discusses her experiences as a BPG member and role on the board

    Watch Video

     

    Lynn  and Wendy Discuss their reasons for Joining BPG

    Watch Video 

    Read more ...

  • Bell Corporate Discounts

    December 5th, 2018

    Are you booking a hotel or renting a car this holiday season? If you are then why not take advantage of a Bell Corporate Discount.

    Read more ...

  • UPDATE ON CLASS ACTION REGARDING 2017 PENSION INDEXATION

    July 19th, 2018

    Update

    Read more ...

  • Telco Community Volunteers

    May 9th, 2018

    Telco Community Volunteers

    Located in Brampton, Mississauga, Oakville, Scarborough and Toronto, the clubs organize various activities, including member meetings, cultural and touristic outings, and volunteerism. Info: www.telcocommunityvolunteers.com. 

    Read more ...

  • Understanding Your Pension ?

    April 11th, 2018

    Understanding Your Pension ?

    BPG is a volunteer organization and as such we often get questions from members about our pension plan. After much consideration our team has put together a document that details everything a member should know about their Bell pension.

    Read more ...

  • Help Support Bill C-384

    April 4th, 2018

    Help Support Bill C-384

    You know we have been fighting hard to ensure pensions are protected in insolvency. You don’t need to be reminded of how Nortel and Sears pensioners saw significant reductions in their pensions.

    Scott Duvall (NDP MP for Hamilton Mountain) has authored Bill C-384 which reflects BPG’s position:  Any deficit in the funding of defined benefit pension plans when companies are insolvent should be classed as “super-priority” so that those deferred wages (pensions) can be fully paid out.  

    Read more ...

  • Facebook in the news

    March 27th, 2018

    One week ago, we launched the Ontario Facebook page with great success.  Since then, we have had 2,859 page views, 793 followers and 698 total likes which is absolutely fabulous. Two people have expressed reservations as it is their preference not to use any Social Media sites.

    In light of the recent breach and exploitation of data from Facebook, the following article and links provide information about Facebook and the various features.  Hopefully, this information would allow users to make better use of the site and also protect themselves by making informed decisions of what should and should not be posted, thereby keeping your personal information private.

     

    Read more ...

  • Protecting Canadians' Pensions

    March 1st, 2018

     

    Protecting Canadians’ Pensions

    In the budget presented on Feb 27th 2018 the Minister of finance promised to obtain feedback

    from pensioners, workers, and companies and. will take a whole-of -government, evidence-

    based approach towards addressing retirement security for all Canadians.

    Read more ...

  • Managing your Drug Costs

    April 13th, 2017

    Most people simply take their prescription to their usual pharmacy without much thought about the various charges assuming that they are all similar. However now......

    Read more ...

  • Why Become a Member of the Bell Pensioners Group?

    February 2nd, 2017

    In an effort to expand our membership we need every member to help us explain our position to other potential members. The following was created to help all members in this regard.

    Read more ...

Archives



Follow us on LinkedIn   Follow us on Facebook
Top