NATURE OF THE BUSINESS (Tables)

12 Months Ended

Dec. 31, 2025

Corporate information and statement of IFRS compliance [abstract]

Disclosure of operating segments

We report our results of operations in three reportable segments. Each segment and the nature of its business is as follows:


Segment			Principal activities
Wireless			Wireless telecommunications operations for Canadian consumers, businesses, the public sector, and wholesale providers.
Cable			Cable telecommunications operations, including Internet, television and other video (Video), Satellite, telephony (Home Phone), and home monitoring services for Canadian consumers and businesses, and network connectivity through our fibre network to support a range of voice, data, networking, hosting, and cloud-based services for the business, public sector, and carrier wholesale markets.
Media			A diversified portfolio of media properties, including sports media and entertainment, television and radio broadcasting, specialty channels, digital media, and sports team ownership.

INFORMATION BY SEGMENT


Year ended December 31, 2025			Note			Wireless			Cable			Media			Corporate items and eliminations			Consolidated totals

(In millions of dollars)

Revenue from external customers						10,603			7,800			2,997			312			21,712
Revenue from internal customers						112			68			291			(471)			—
Total revenue			6			10,715			7,868			3,288			(159)			21,712
Operating costs			7			5,351			3,283			3,047			211			11,892

Adjusted EBITDA						5,364			4,585			241			(370)			9,820

Depreciation and amortization			8, 9, 10															4,802

Restructuring, acquisition and other			11															439
Finance costs			12															2,043
Gain on disposition of data centres			3															(69)
Other income			13															(5,021)

Income before income tax expense																		7,626

Capital expenditures			8			1,471			1,803			206			227			3,707
Goodwill			10			1,634			13,617			4,781			—			20,032


Year ended December 31, 2024			Note			Wireless			Cable			Media			Corporate items and eliminations			Consolidated totals

(In millions of dollars)

Revenue from external customers						10,528			7,801			1,973			302			20,604
Revenue from internal customers						67			75			269			(411)			—
Total revenue			6			10,595			7,876			2,242			(109)			20,604
Operating costs			7			5,283			3,358			2,154			192			10,987

Adjusted EBITDA						5,312			4,518			88			(301)			9,617

Depreciation and amortization			8, 9, 10															4,616

Restructuring, acquisition and other			11															406
Finance costs			12															2,295
Other income			13															(6)

Income before income tax expense																		2,306

Capital expenditures			8			1,596			1,939			259			247			4,041
Goodwill			10			1,634			13,677			969			—			16,280