BCE takes on cable companies

Article Excerpt

BCE INC. $52.91 (Toronto symbol BCE; Shares outstanding: 847.9 million; Market cap: $45.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.bce.ca) continues to expand its Fibe TV and high-speed Internet networks. BCE aims to increase Fibe speeds in Toronto to 1,000 megabits a second, or 5.7 times faster than its current top speed of 175 megabits. Faster networks will help BCE hang on to its current customers and compete with cable companies. The company will spend $1.14 billion on these improvements, which will eventually reach 1.1 million Toronto homes and businesses. It will also speed up its Fibe networks in other cities in Ontario, Quebec and Atlantic Canada. BCE is a buy. buy…