Financial Performance and Guidance: BCE reported a consolidated revenue growth of 1.3% in Q2, driven by strong fiber strategy and increased wireless subscriber retention. EBITDA decreased by 0.9%, while net earnings increased due to lower asset impairment charges. Free cash flow rose by 5%, reflecting strong operational execution. For 2025, the company increased its revenue and adjusted EBITDA guidance to a range of 0% to 2% but adjusted the EPS guidance to a decline of 13% to 10% due to heightened depreciation and interest expenses related to the Ziply Fiber acquisition.

Wireless Subscriber Metrics: BCE added 94,479 net mobile phone subscribers, marking improvements in postpaid churn (down 12 basis points to 1.06%) and ARPU decline (narrowed to 0.7%). The company expects to maintain subscriber growth driven by improved customer service, enhanced loyalty programs, and tiered pricing structures, despite ongoing competitive pressures.

Acquisition and Growth Opportunities: The acquisition of Ziply Fiber is a key strategic move, expanding BCE's fiber footprint by 1.4 million locations and positioning it as the third-largest fiber Internet provider in North America. Ziply's performance exceeds expectations with projected EBITDA growth of over 20% in 2025, representing significant long-term growth potential in underserved U.S. markets.