BCE Inc. (BCE:CA) J.P. Morgan 54th Annual Global Technology, Media and Communications Conference May 18, 2026 11:45 AM EDT
Company Participants
Curtis Millen – Executive VP & CFO
Conference Call Participants
Sebastiano Petti – JPMorgan Chase & Co, Research Division
Presentation
Sebastiano Petti
JPMorgan Chase & Co, Research Division
Good morning, everyone. I’m Sebastiano Petti, and I cover the Telecom, Cable, and Satellite Space for JPMorgan. I want to welcome BCE CFO, Curtis Millen. Curtis, thanks for being with us today.
Curtis Millen
Executive VP & CFO
Thanks for having me. Good morning, everyone.
Question-and-Answer Session
Sebastiano Petti
JPMorgan Chase & Co, Research Division
Great. So just to kick us off, BCE has undergone significant transformation over the past year. You reset the dividend, you’ve acquired Ziply, launched Bell AI Fabric, which has a lot of momentum and sure to touch on. You also laid out a clear 3-year framework at the Investor Day. So now that you’re 1 quarter into that plan and the growth vectors are becoming more visible, how should you frame, I guess, the strategic opportunity from here for investors who still may think of BCE as a traditional Cable and Telecom? And I guess, where is the management team spending most of their time?
Curtis Millen
Executive VP & CFO
Yes. Ultimately, we’re executing the plan that we laid out at our Investor Day in October. So as you say, we’re 3 months into a 36-month plan. And yes, you raised the AI Fabric. And ultimately, AI Fabric might be a faster time line than we expected. We’re about 40% of the way there. At Investor Day, we talked about 73 megawatts. We’ve monetized 300 megawatts on the side, plus 28.7 megawatts out of the 73 megawatts. So that opportunity seems to be coming faster than certainly we baked in, in October at our Investor Day, again, being fairly conservative in what we
