May 7, 2008 / 11:43 AM / 10 years ago

BCE reports lower first-quarter profit

TORONTO (Reuters) - BCE Inc BCE.TO, which is being taking private in a C$34.8 billion buyout, reported a lower first-quarter profit on Wednesday, due to higher restructuring and other charges.

Canada’s biggest telecom company, said it earned C$258 million, or 32 Canadian cents per share, in the latest quarter. That was down from a profit of C$499 million, or 62 Canadian cents per share, in the same quarter a year earlier.

($1=$1 Canadian)

Reporting by Frank Pingue; Editing by Scott Anderson

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