BCE Inc. Bell Canada Enterprises Bell Canada Enterprises 1000, rue de La Gauchetière Ouest Bureau 3700 Montréal (Québec) H3B 4Y7 www.bce.ca 2002 Annual Report Communications email:
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[email protected] tel: 1 800 339-6353 fax: (514) 786-3970 2002 Annual Report Printed in Canada ABOUT BCE BCE is Canada’s largest communications company. It has 25 million customer connections through the wireline, wireless, data/Internet and satellite television services it provides, largely under the Bell brand. BCE’s media interests are held by Bell Globemedia, including CTV and The Globe and Mail. As well, BCE has eBusiness capabil- ities provided under the BCE Emergis brand. BCE shares are listed in Canada, the United States and Europe. TABLE OF CONTENTS What’s Important . 1 Chairman’s Message . 10 Letter from the President and CEO. 11 Financial Highlights. 12 Operational Highlights . 16 2002: The Year in Review . 17 Corporate Social Responsibility . 26 Management’s Discussion and Analysis . 28 Consolidated Financial Statements . 54 Notes to Consolidated Financial Statements . 58 Board of Directors. 82 Committees of the Board. 84 Shareholder Information . Inside Back Cover In this annual report, we, us, our and BCE mean BCE Inc., its subsidiaries, its joint ventures and its investments in significantly influenced companies. See page 28 for more information. In 2002, we set a new course for BCE and began the process of simplifying our business. As we move into the future, certain principles will guide our decisions.