6-K - BCE Inc. | StockGist

AI Analysis

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Bell Canada announced a partnership with the Government of Saskatchewan for a new 300 MW AI data centre in Sherwood, Saskatchewan, its largest-ever investment in the province, with tenants Cerebras and CoreWeave, projected to generate up to $12 billion in economic value. BCE updated its 2026 financial guidance targets and 2025-2028 financial outlook to reflect the project's material positive financial impact, including $1.7 billion incremental capital expenditures.

Key Takeaways

1300 MW data centre in Rural Municipality of Sherwood, Saskatchewan; construction begins spring 2026, first stage online H1 2027

2Tenants Cerebras (wafer-scale AI technology) and CoreWeave (NVIDIA GPU-based AI compute)

3At least 800 construction jobs and 80 full-time operational roles; up to 750 additional community jobs

4Incremental capital expenditures of $1.7 billion ($1.3 billion in 2026), funded by debt and cash-on-hand; leverage-neutral on run-rate adjusted EBITDA

52026 free cash flow guidance updated to $3,300-$3,500 million

6AI-powered solutions revenue objective increased to approximately $2.0 billion by 2028

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

2025

Metric	Value	Basis	Prior Period
Net Earnings	$6.5K	IFRS
Adjusted EBITDA	$10.7K	Non-GAAP

Capital Return

Dividend/Share

1.75

Transaction Details

Material Agreement

Parties: Bell Canada, Government of Saskatchewan, Cerebras, CoreWeave, George Gordon First Nation

•300 MW data centre development
•Sovereign AI compute allocation
•Closed-loop cooling system
•Waste heat reuse discussions
•Indigenous procurement and workforce development

Exhibits (2)

6-K

99.1

EX-99.1