The telecom company plans to increase free cash flow by 7% a year between 2025 and 2028

BCE Inc. plans to save $1.5 billion in costs and expand home internet services in western Canada and the United States to restore growth. The shares fell.

Canada’s largest telecommunications company is set to increase free cash flow by seven per cent a year between 2025 and 2028. Management is also targeting revenue growth of as much as four per cent over the same period, BCE said before the start of its investor day Tuesday.

“We are encouraged by the sustained return-to-growth expectation and view the 2025-2028 outlook as achievable,” RBC Capital Markets analyst Drew McReynolds and his team wrote.

BCE shares dropped 2.2 per cent to $32.73 as of 10:30 a.m. in Toronto. They’re down more than 28 per

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