BCE to Save $1.1 Billion, Expand Internet Service Westward

BCE, Canada's largest telecommunications company, has announced plans to save C$1.5 billion ($1.1 billion) in costs and expand its home internet services in western Canada and the United States. This move is aimed at restoring growth after the company's share price declined by 26% over the past year. The cost-saving measures will involve streamlining operations and optimizing its workforce. Additionally, BCE intends to focus on expanding its high-speed internet services in western Canada and the US, capitalizing on the growing demand for reliable and fast internet connectivity. The company's decision to invest in its internet infrastructure comes amid a shift in consumer preferences towards online activities, such as remote work, streaming, and video conferencing, which have been further accelerated by the COVID-19 pandemic. By strengthening its internet offerings, BCE hopes to better serve its customers and maintain its competitive position in the evolving telecommunications market.