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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. – 2003 Fourth Quarter Shareholder Report – MD&A (18640 words) |
| BCEs share of CGIs revenues increased by 14.1% to $211 million for the quarter and by 19.7% to $849 million on a full-year basis mainly driven by its acquisition of Cognicase in January 2003. |
| BCE Inc. used a portion of the cash on hand of $714 million at December 31, 2003 to redeem all of its outstanding Series P retractable preferred shares on January 15, 2004 for $351 million. |
| BCE Inc. is currently funding, and may continue to fund, the operating losses of some of its subsidiaries in the future, but it is under no obligation to continue doing so. |
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