Bell

Bell Canada plans to double revenue from its artificial intelligence tools and services to $1.5 billion by 2028, according to Chief Financial Officer Curtis Millen. The telecom giant’s AI division—projected to earn $700 million in 2025—leases space in new data centres, provides cybersecurity, and manages enterprise systems through its Ateko arm.

Six centres under construction in B.C. will cost $300 million and generate up to $150 million annually. Bell’s partnership with Cohere positions it as Canada’s largest commercial AI customer, while collaborations with Groq and Buzz HPC supply computing power. Despite bold targets, AI will remain a modest share of Bell’s $27.8 billion forecast revenue.

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Bell Canada has launched its new Security-as-a-Service (SECaaS) offering, hosted on a Canadian sovereign cloud to meet local data privacy regulations. The solution enables public and private organizations to safeguard sensitive data within Canada, offering real-time threat detection and AI-powered analytics through Bell’s Cyber Intelligence Centre.

The SECaaS platform supports hybrid, cloud, and on-premise environments, ensuring regulatory compliance and 24/7 protection. John Menezes, CEO of Bell subsidiary Stratejm, said the launch addresses increasing cyber threats while offering resilient and scalable cybersecurity. The move underscores Bell’s commitment to leading-edge enterprise security solutions.

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A new Bell study reveals that 60% of Canadian businesses using AI lack a governance strategy, despite widespread adoption of generative AI (GenAI) tools like ChatGPT. The “Navigating the Generative AI and Cybersecurity Journey” report surveyed 600 Canadian business leaders, highlighting retail as a leading industry in GenAI adoption, followed by manufacturing.

Cybersecurity remains a major concern; one-third of firms fear AI manipulation or data theft. Bell’s findings stress the need for strategic support to manage AI risks, including secure data classification and proactive threat detection.

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Hyundai Motor Group and Bell Canada unveiled an extension to their partnership with an aim to enhance in-car infotainment services for Hyundai, Kia, and Genesis models. The collaboration will see Bell’s tech power features such as over-the-air software updates, music and video streaming, and eventually Wi-Fi hotspots, with other future innovations also planned.

“Bell is proud to partner with Hyundai Motor Group to transform the car ownership, driving and passenger experience for Canadians with cutting-edge offerings,” stated said Costa Pantazopoulos, Vice President of Product for Bell. “Our mutual commitment to service excellence and technology innovation creates a powerful partnership that has been shaping the future of vehicle mobility since 2017.”

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Canadian telecom giant Bell is undertaking a significant restructuring, slashing 9% of its workforce to save $250 million annually. The company will close 107 The Source electronics stores, with Best Buy assuming operations of 58 remaining locations. Additionally, Bell plans to sell 45 of its 103 radio stations to regional groups.

Challenges like unfavorable government policies, legacy business declines, and a tough macroeconomic climate with high interest rates and ongoing inflation have impacted Bell.

This restructuring, including capital spending cuts following CRTC’s decision on wholesale prices, reflects Bell’s strategic response to these challenges. Bell’s shares saw a more than three percent drop on the Toronto Stock Exchange on Thursday.

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