Bell mobility, Internet, TV and phone services to be sold through Staples retail locations and direct B2B sales channels

RICHMOND HILL, ON, and MONTRÉAL, Jan. 31, 2023 /CNW/ – Staples Canada, The Working and Learning Company, and Bell have announced a multi-year exclusive agreement to sell Bell, Virgin Plus and Lucky Mobile wireless and wireline services through Staples stores across Canada for consumers and small businesses. In addition, Staples and Bell will partner to sell Bell wireless and wireline services direct to medium businesses through the Staples Professional sales team, backed by Bell’s advanced communications expertise.

5.2% annual dividend increase to $3.87 per share

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Regarding Forward-Looking Statements” later in this news release. The information contained in this news release is unaudited.

• Robust Q4 broadband customer growth with 330,743 total net activations — 122,621 postpaid and prepaid mobile phone, 104,447 mobile connected devices, 63,466 retail Internet and 40,209 IPTV — up 46.6%
• 3.7% higher BCE revenue delivered positive adjusted EBITDA¹ growth in Q4 despite $26 million in storm and inflationary cost pressures², increased promotional offer intensity and higher media programming costs
• Q4 net earnings of $567 million, down 13.8%, with net earnings attributable to common shareholders of $528 million, or $0.58 per common share, down 15.9%; adjusted net earnings¹ of $654 million generated adjusted EPS¹ of $0.71, down 6.6%…….