BCE stock: AI projects shape the 2027 growth outlook

Published on 11/13/2026 at 22:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BCE stock heads into 2027 with its 2026 outlook intact and higher fourth-quarter spending. Bell AI Fabric contracts could generate over USD 500 million in EBITDA.

Growth plans meet balance-sheet targets

BCE kept its 2026 financial guidance and expects capital spending to rise in the fourth quarter.
Bell AI Fabric contracts could support more than USD 500 million in EBITDA, while TowerCo funding is expected in early 2027.

BCE, CA05534B7604, Illustration mit AI erstellt.

On November 12, BCE published a transcript of its third-quarter results call, according to VZ, citing AWP Alliance News. Management reaffirmed its 2026 financial guidance from the November 5 call and said capital spending of about USD 5 billion is expected to increase in the fourth quarter.

AI infrastructure adds a growth leg

CEO Mirko Bibic said contracted Bell AI Fabric projects could generate more than USD 500 million in EBITDA. The first Saskatchewan data hall remains scheduled to open in the first half of 2027, with all halls targeted to be operational by year-end.

Management also expects wireless service revenue and average revenue per user to return to growth by mid-2027 if pricing trends continue to improve. That outlook places execution in wireless and AI infrastructure at the center of BCE's medium-term growth case.

Funding and leverage remain key

La Caisse's USD 2.45 billion purchase of a 49.9% stake in TowerCo is expected to close in the first quarter of 2027. BCE said the transaction should provide funding flexibility while leaving its year-end 2027 net debt leverage target unchanged at 3.5 times.

BCE stock traded at 19.43 euros on Lang & Schwarz at 22:00 CET on Friday, November 13, 2026.