Bell releases Q3 financial statements, client base is biggER

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Bell release their Q3 2008 financial statements yesterday, and the results are a little mixed, depending upon perspective. Bell increased its wireless revenue by 8.5% to $1.06 million, and increased its wireless client base by 7.1% over last year to approx. 6.5 million. Bell’s revenue also increased 1.8% to $3.8 billion. However, total gross activations were actually down 1.3% compared to last year and Bell just recently finished slashing 2,500 jobs – which could be a sign of increasing efficiency or desperately cutting costs. Here’s what George Cope, President and Chief Executive Officer of BCE and Bell Canada, had to say:

“We successfully implemented the Bell 100-day plan in the quarter, including the streamlining of our organization, the launch of our new brand, and significant investments in our customer service and broadband wireless and wireline networks. Bell is clearly moving forward as a customer-focused, competitive and cost-efficient communications company,” Mr. Cope said.

You can read Bell’s full financial release here.