Reported 8 months ago
BCE Inc., Canada’s largest telecommunications firm, has announced its acquisition of Northwest Fiber LLC, operating as Ziply Fiber, for C$5 billion ($3.6 billion), marking a strategic entry into the US market. This move, aimed at expanding BCE's fiber network, has led to the company pausing dividend growth for 2025, causing its stock to plummet to a 12-year low. Despite criticism from analysts regarding the deal's high cost and the shift away from dividend increases, BCE's CEO emphasized the long-term growth potential of the investment.
Source: YAHOO