The chief executive of BCE Inc. blasted the national telecom regular as he announced the company would further scale back the build of its fibre internet network.
The parent company of Bell Canada no longer plans to meet its previous target of reaching 8.3 million homes through its fibre footprint by the end of 2025, CEO Mirko Bibic said on Thursday, adding the company would make further capital spending cuts this year.
Bibic said the move is in direct response to a decision earlier in the week by the CRTC surrounding wholesale fibre services. Bell has been at loggerheads with rival Telus Corp. over whether Canada’s largest telecoms should be allowed to sell internet service in regions where they don’t own fibre networks, by paying the local incumbent to use their infrastructure….