01:16 PM EDT, 04/04/2024 (MT Newswires) -- UBS is lowering its estimates for BCE Q1 2024 revenues/EBITDA by 2-3% to reflect higher competition, lower ARPU and tough comps in Media.

Wireless industry tailwinds are expected to continue to drive strong loadings while elevated competition results in higher churn (UBSe +20 bps yoy; +10 bps prior), driving 38K postpaid net adds. UBS expects ARPU to decline 0.6% yoy, and to continue to fall through the year. Along with lower product revenues, wireless revenue growth is forecast to slow to 3.3%, from 3.7% in Q4 and 6.3% a year ago.

In wireline, KPIs are expected to be solid with 32K broadband adds (vs. +27K a year ago), inc.