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Company News

Canada's BCE posts 3 pct rise in quarterly profit

May 3 (Reuters) - Canadian telecommunications company BCE Inc reported a 3 percent rise in quarterly profit on Thursday as more subscribers signed up for its wireless services.

BCE said net income attributable to its shareholders rose to C$661 million ($515 million), or 73 Canadian cents per share, in the first quarter ended March 31, from C$642 million, or 73 Canadian cents per share, a year earlier.

The Montreal-based company, popularly known as Bell, said operating revenue rose nearly 5 percent to C$5.59 billion. ($1 = C$1.28) (Reporting by John Benny in Bengaluru; Editing by Maju Samuel)

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