BCE Could See More Divestitures to Bring Down Debt Levels -- Market Talk

Dow Jones

02-07

1206 GMT - BCE is looking at divestitures to lower its leverage levels. The Canadian telecom giant is targeting C$7 billion in asset monetizations in the 2024-25 period and currently it has pending Northwestel sale for up to C$1 billion and the MLSE sale for C$4.7 billion expected to close in 2H. Adam Shine of National Bank of Canada says other sales this year could include its 20% stake in NHL team Montreal Canadiens, the company's smart home business, and perhaps its two-way mobile radio business. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

February 07, 2025 07:07 ET (12:07 GMT)

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The Canadian telecom giant is targeting C$7 billion in asset monetizations in the 2024-25 period and currently it has pending Northwestel sale for up to C$1 billion and the MLSE sale for C$4.7 billion expected to close in 2H. Adam Shine of National Bank of Canada says other sales this year could include its 20% stake in NHL team Montreal Canadiens, the company's smart home business, and perhaps its two-way mobile radio business. (adriano.marchese@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 07, 2025 07:07 ET (12:07 GMT)\n\n\n  Copyright (c) 2025 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":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}