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BCE Reports its Fourth Quarter and Year-End Results (5180 words) |
 | BCE Inc.'s decision was based on a number of factors, including a revised business plan and outlook of the principal operating segment of Teleglobe with associated funding requirements, a revised assessment of its prospects, and a comprehensive analysis of the state of its industry. |
| BCE recorded a gain of $1,042 million, relating primarily to the tax benefit from (i) reinstating non-capital losses that were previously used to offset the gain on sale of Nortel Networks shares in 2001; and (ii) applying a portion of the capital losses against the gain on the sale of the Directories business in 2002. |
| BCE recorded a charge of $316 million in 2002 ($191 million in the second quarter and $125 million in the fourth quarter), representing a write-down of its investment in BCI to an estimate of its net realizable value. |
| BCE Inc. 2002 Fourth Quarter Shareholders' Report (4899 words) |
| BCE experienced strong growth during the fourth quarter in several key areas: a 16% increase in wireless revenues, higher data revenue of 6%, increased Bell ExpressVu revenues of 32% and a 7% increase in revenues at Bell Globemedia. |
| BCE Emergis' sequential quarter over quarter revenues decreased slightly by $4 million mainly due to lower recurring revenues from its eHealth unit and the revenue impact of BCE Emergis' decision to exit non-core businesses. |
| BCE Ventures' revenue was $282 million in the quarter, a decrease of 2% when compared with the same period of 2001. |
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