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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 reports 2005 year-end and fourth quarter results (10932 words) |
| BCE also provided details of its business plan for 2006 and announced the use of proceeds from recent asset sales and further initiatives in the company's ongoing asset review. |
| Operating income for the full year 2005 was $4 billion compared to $2.9 billion(1) the previous year, and operating income for the fourth quarter was $979 million, compared with $814 million in the same quarter last year. |
| BCE disposed of a significant portion of its interest in CGI Group Inc. in early January 2006 and expects to dispose of its remaining interest during the course of the year. |
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