BCE

McKillican was CEO of McKesson Canada from 2020 to 2023 and currently sits on the board of the National Bank of Canada, where she chairs the technology committee. At the same time, Katherine Lee is leaving the board after eleven years; BCE cited its customary maximum tenure of typically 12 years to balance experience and renewal. » More on de.investing.com

Bell Canada, Cohere, Hypertec and BUZZ HPC have partnered to combine Bell AI Fabric’s data center and connectivity, Cohere’s enterprise AI models, Hypertec’s Canadian hardware and BUZZ HPC’s GPU infrastructure, positioning BCE to sell higher‑value AI and data‑centre services. HIVE Digital Technologies said BUZZ HPC signed a related three‑year GPU cloud contract worth about $220 million. The move could materially expand BCE’s revenue mix, but success depends on execution and proving capital‑heavy digital infrastructure generates durable cash flow. » More on finance.yahoo.com

BCE has entered a major AI infrastructure collaboration with Cohere, Hypertec and BUZZ High Performance Computing to combine Bell AI Fabric's data center and connectivity assets with Cohere's enterprise AI and BUZZ HPC's accelerated computing. The partnership aims to enable scalable R&D on AI models, bolster sovereign AI capacity and integrate connectivity, data centers and cybersecurity. The deal follows the launch of Bell AI Fabric and the Canadian Sovereign AI Alliance as BCE expands its AI and infrastructure offerings. » More on finance.yahoo.com

HIVE Digital announced a $220 million U.S. three-year investment from Bell Canada and AI firm Cohere to deploy 2,304 Nvidia processors at Bell’s AI facility in British Columbia. The infrastructure will remain in Canada and provide dedicated compute for Cohere’s enterprise AI models serving federal and corporate clients. The project is expected to be operational by early 2027 and add about $70 million U.S. in annual recurring revenue, bringing HIVE’s contracted HPC revenue above $100 million U.S. » More on finance.yahoo.com

Consolidated Q1 revenue rose 4% and adjusted EBITDA increased 2.9%, while free cash flow edged up to CAD 804 million and adjusted EPS declined due to higher depreciation and interest costs. BCE highlighted rapid growth in AI-powered enterprise solutions (113%) and disclosed Bell Business Markets revenue up 9.7%, driven by Bell AI Fabric, Ateco and Bell Cyber. The fully contracted Saskatchewan AI data center is expected to contribute materially once online, with BCE forecasting about CAD 500 million revenue and CAD 400 million EBITDA at full run rate from that facility. Wireless remained highly competitive, pressuring ARPU, but BCE added 16,947 postpaid mobile subscribers and saw strong fiber demand in Canada and the U.S., while Ziply Fiber met growth targets. » More on finance.yahoo.com