BCE - M&A Summary and Business Overview

CommunicationsCompany

BCE M&A Summary

BCE has acquired 17 companies, including 7 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 5 assets.

BCE’s largest acquisition to date was in 2016, when it acquired Manitoba Telecom Services for $3.9B. It’s largest disclosed sale occurred in 2006, when it sold Telesat to PSP Investments for $2.5B. BCE has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include information technology (39%) and communications (31%).

BCE Business Overview

Where is BCE headquartered?

BCE is headquartered in Verdun, Quebec.

What is BCE’s revenue?

BCE disclosed revenue of 24,673M CAD for 2023 and 24,174M CAD for 2022.

How many employees does BCE have?

BCE has 45,132 employees.

What sector is BCE in?

BCE is a communications company.

When was BCE founded?

BCE was founded in 1880.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity12
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

BCE

BCE, Inc.

Building A 4th Floor 1 Carrefour Alexander-Graham-Bell,
Verdun, Quebec H3E 3B3
Canada,
(514) 870-8777
www.bce.ca

BCE is a telecommunications company that provides a suite of broadband communication services to residential and business customers throughout Canada. BCE was incorporated in 1880 and is based in Verdun, Quebec.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 6 - 1 1 1 3 12
vol $9.9B $3.8B $13.7B
Sell (0.2/yr) # 2 1 - - - - 3
vol $3.1B $750M $3.9B
  15

Most Recent M&A

Company Date Value Type
Northwest Fiber LLC 2024-11-04 3.8B CAD Add-on Acquisition
Everett, Washington · www.ziplyfiber.com
CloudKettle, Inc. 2024-07-09 - Add-on Acquisition
Halifax, Nova Scotia · www.cloudkettle.com
Stratejm, Inc. 2024-07-09 - Add-on Acquisition
Mississauga, Ontario · www.stratejm.com
FX Innovation 2023-05-04 - Add-on Acquisition
Montréal, Quebec · www.fxinnovation.com
EBOX, Inc. 2022-02-24 - Add-on Acquisition
Longueuil, Quebec · www.ebox.ca
Octane Racing Group, Inc. 2021-04-30 - Add-on Acquisition
Montreal, Quebec
BCE, Inc. - 13 Data Center Sites 2020-06-01 750M USD Divestiture
, Quebec
Q9 Networks, Inc. 2016-08-08 675M USD Trade Sale
Toronto, Ontario · www.q9.com
Manitoba Telecom Services, Inc. 2016-05-02 3.9B USD Add-on Acquisition
Winnipeg, Manitoba · www.mts.ca
Glentel, Inc. 2014-11-28 509M CAD Add-on Acquisition
Burnaby, British Columbia · www.glentel.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 5 (38%) 1.5B (10%) 2 (67%) 1.4B (37%)
Communications 4 (31%) 7.7B (53%) 1 (33%) 2.5B (63%)
Media 2 (15%) 4.7B (32%) - -
Business Services 1 (8%) - - -
Retail 1 (8%) 509M (4%) - -
Total 13 $14.4B 3 $3.9B

By Geo

State/Country Buy Value Sell Value
Canada 12 10.6B 3 3.9B
  Ontario 5 2.8B 2 3.1B
  Quebec 4 3.4B 1 750M
  Nova Scotia 1 - - -
  Manitoba 1 3.9B - -
  British Columbia 1 509M - -
United States 1 3.8B - -
  Washington 1 3.8B - -
Domestic 12 (92%) 10.6B (74%) 3 (100%) 3.9B (100%)
Cross-border 1 (8%) 3.8B (26%) - -
Total 13 $14.4B 3 $3.9B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
RBC Capital Markets
1
Evercore Group
1

Deal Values

buy # Total
> $1B 4 $12.4B
$100M to $1B 3 $2.0B
TOTAL $14.4B
Largest Manitoba Telecom Services, Inc.
$3.9B (2016-05-02)
sell # Total
> $1B 1 $2.5B
$100M to $1B 2 $1.4B
TOTAL $3.9B
Largest Telesat Corp.
$2.5B (2006-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
38%
5 (38%)
Strategic(s)
15%
2 (15%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
100%
3 (100%)

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