Aug 2 (Reuters) - BCE Inc reported an 8 percent drop in quarterly profit on Thursday, hit by higher expenses as the Canadian telecom company invested heavily to upgrade its network and expand its customer base.
The Montreal-based company, popularly known as Bell, said net income attributable to its shareholders fell to C$704 million ($540.25 million), or 79 Canadian cents per share, in the second quarter, from C$765 million, or 85 Canadian cents per share, a year earlier.
BCE’s operating revenue rose to C$5.79 billion from C$5.69 billion.
$1 = 1.3031 Canadian dollars Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber
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