$BCE Inc (BCE.CA)$ BCE still has multiple ways it can addres...

$BCE Inc(BCE.CA)$ BCE still has multiple ways it can address these issues. The question is which one will they do (spinning something off, restructuring divisions and more layoffs, etc) and if the management is willing to make those choices and carry them out competently.
They lowered their capex but are still spending billions on it. They can adjust that as well to help their cash flow if they prefer that over more borrowing, and as the capex cycle comes to an end their cash flow will be significantly better. There is risk there though if their FCF numbers continue to deteriorate.
I suspect that once we get out of these inflationary times and everyone is not so sensitive to price hikes the telecoms will get better rate increases as opposed to having them cut thousands of more jobs.