Owing to the drastically slowed growth of its Bell wireless unit, the second-quarter profit of Canada's telecommunications giant BCE Inc dipped 4.2 percent - falling to C$346 million, or 45 cents per share, from the same quarter last year profit figures of C$361 million, or 45 cents per share.

Reporting its quarterly results on Thursday, BCE said that the fall in profit result essentially from the substantial restructuring costs as well as the severely slow speed at which the company made new wireless subscribers' additions.

Posting a 2.1 percent fall in quarterly revenue to C$4.30 billion, the Montreal-based BCE said that "primarily driven by the soft economy," the addition of 64,000 new wireless users in the quarter was a sharp markdown from the last year new subscriber numbers of 111,000.

Commenting on the weak quarterly sales of BCE, Jonathan Allen, an analyst at Toronto's RBC Dominion Securities, said: "New subscribers are being more cost- conscious and many corporations have a renewed focus on wireless costs."

Nonetheless, BCE said that it intends to increase in its yearly dividend by 5 percent to C$1.62 per share; along with raising its forecast for the remaining part of the year. After an upward revision in 2009 forecast, BCE now projects a 2 percent increase in its full-year sales, as against the earlier expectations for a "stable" top line.