BCE's Offloads More Nongrowing Assets With Unit Sale to Motorola -- Market Talk

Dow Jones03-27 19:00

1100 GMT - BCE is continuing to shed nongrowing assets with its latest divestiture to Motorola, Scotiabank's Maher Yaghi says. The telecoms company's C$675 million sale of its land mobile radio network service business is part of its broader C$7-billion asset-sale program, he says. The unit is built around "legacy assets such as first-come, first-serve Citizens Broadband Radio Service licenses." While these assets do generate stable revenue, they aren't considered a primary growth area for the company, the analyst says. Importantly, the sale doesn't involve giving away core customer relationships. The deal is expected to close in 4Q, with proceeds to be used toward their capital allocation framework, which prioritizes deleveraging, Yaghi notes.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 27, 2026 07:00 ET (11:00 GMT)

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The telecoms company's C$675 million sale of its land mobile radio network service business is part of its broader C$7-billion asset-sale program, he says. The unit is built around \"legacy assets such as first-come, first-serve Citizens Broadband Radio Service licenses.\" While these assets do generate stable revenue, they aren't considered a primary growth area for the company, the analyst says. Importantly, the sale doesn't involve giving away core customer relationships. The deal is expected to close in 4Q, with proceeds to be used toward their capital allocation framework, which prioritizes deleveraging, Yaghi notes.(adriano.marchese@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 27, 2026 07:00 ET (11:00 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622311823","isCrawlerRequest":true}