Financial Pressure From AcquisitionBCE's proposed acquisition of Ziply is likely to place incremental near-term pressure on the investment thesis, including lower FCF generation, delayed easing in balance sheet leverage, and incremental dilution from the DRIP introduction.
Stock PerformanceBCE's share price continues to struggle, down 13% over the past month and a staggering 37% YTD, indicating an underlying loss of confidence in the stock.
Wireless Revenue DeclineWireless service revenue trends turned negative for the first time outside the pandemic, with notable degradation in wireless fundamentals in Q3.