Brief: BCE To Acquire Ziply Fiber, Accelerating Its Fibre Growth Strategy Across North America

BCE

04/11/2024 15:14

Nov 4 (Reuters) - BCE Inc  BCE.TO :
    * BCE TO ACQUIRE ZIPLY FIBER, ACCELERATING ITS FIBRE GROWTH
STRATEGY ACROSS NORTH AMERICA
    * BCE INC - TO ACQUIRE ZIPLY FIBER FOR C$5 BILLION
    * BCE INC - BELL TO USE C$4.2 BILLION FROM MLSE SALE TO FUND
ACQUISITION
    * BCE INC - TRANSACTION VALUE APPROXIMATELY C$7 BILLION
INCLUDING
DEBT
    * BCE INC - 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 - TO ISSUE COMMON SHARES FROM TREASURY AT 2%
DISCOUNT

Source text:  ID:nCNWLhb2fa 
Further company coverage:  BCE.TO 

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