BCE Should Lay Out Growth Trajectory Through 2028 -- Market Talk

Dow Jones
Oct 11, 2025

1429 ET - BCE will likely provide multi-year guidance at its investor day on Tuesday. TD Cowen's Vince Valentini anticipates consolidated growth through 2028 to be between 2%-3% for revenue and 3%-4% for Ebitda. The analyst also anticipates a dollar figure for free cash flow for 2028 or beyond, which for 2027 he estimates will be C$3.87 billion, which could put 2028 figures in the C$3.7-C$3.9 billion range, but at C$4 billion "then investors could be pleased." Valentini is also keen to know the contribution of the new U.S. fiber business Ziply, which could be a driver of growth which could drive U.S. operations growth at 28%. Enterprise will also be critical, and he pegs this especially considering B2B is about 20% of consolidated revenue today. (adriano.marchese@wsj.com)

 

(END) Dow Jones Newswires

October 10, 2025 14:29 ET (18:29 GMT)

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