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BRIEF-BCE To Acquire Ziply Fiber, Accelerating Its Fibre Growth Strategy Across North America
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BRIEF-BCE To Acquire Ziply Fiber, Accelerating Its Fibre Growth Strategy Across North America
Nov 4, 2024 11:03 AM

Nov 4 (Reuters) - BCE Inc ( BCEXF ):

* BCE TO ACQUIRE ZIPLY FIBER, ACCELERATING ITS FIBRE GROWTH

STRATEGY ACROSS NORTH AMERICA

* BCE INC ( BCEXF ) - TO ACQUIRE ZIPLY FIBER FOR C$5 BILLION

* BCE INC ( BCEXF ) - BELL TO USE C$4.2 BILLION FROM MLSE SALE TO FUND

ACQUISITION

* BCE INC ( BCEXF ) - TRANSACTION VALUE APPROXIMATELY C$7 BILLION

INCLUDING

DEBT

* BCE INC ( BCEXF ) - TO MAINTAIN ANNUAL DIVIDEND AT $3.99 PER SHARE

IN 2025

* BCE - INTENDS TO PAUSE DIVIDEND GROWTH UNTIL DIVIDEND

PAYOUT &

NET DEBT LEVERAGE RATIOS ARE TRACKING TOWARDS TARGET POLICY

RANGES

* BCE INC ( BCEXF ) - TO ISSUE COMMON SHARES FROM TREASURY AT 2%

DISCOUNT

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