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
300 MW data centre in Rural Municipality of Sherwood, Saskatchewan; construction begins spring 2026, first stage online H1 2027
Tenants Cerebras (wafer-scale AI technology) and CoreWeave (NVIDIA GPU-based AI compute)
At least 800 construction jobs and 80 full-time operational roles; up to 750 additional community jobs
Incremental 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
2026 free cash flow guidance updated to $3,300-$3,500 million
AI-powered solutions revenue objective increased to approximately $2.0 billion by 2028