A lackluster wireline performance did not stop Bell Canada and parent company BCE (NYSE: BCE) from recording strong fourth-quarter jumps in earnings and revenue.
BCE reported overall earnings equaling just under $486 million U.S. for its latest quarter, up more than $168 million for the fourth quarter of 2010. A nearly 6 percent jump in wireless revenue helped the cause.
However, the company's wireline operations saw revenue slide about 4 percent in the quarter, primarily due to landline loss and weak demand from business customers. The Canadian telco is counting on new TV services, a recent source of new revenue growth over the last half of 2011, to help its wireline segment bounce back a bit in 2012.
However, the company not long ago came under fire for reducing the ceilings for its broadband usage caps, so it arguably isn't making much of an effort to keep customers loyal to its wireline broadband efforts.
- see the earnings release
- and this Dow Jones Newswires story
Bell Canada last month lowered its usage caps
TV services gave Bell Canada an earnings boost last year