5G will deepen your BCE returns

Article Excerpt

BCE INC. $56 is a buy. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 903.9 million; Market cap: $50.6 billion; Price-to-sales ratio: 2.1; Dividend yield: 5.9%; TSINetwork Rating: Above Average; www.bce.ca) has now launched 5G wireless service in Toronto, Montreal, Calgary, Edmonton and Vancouver. 5G (fifth generation) wireless technology is up to 100 faster than the current 4G LTE networks. That makes it easier for smartphone users to stream video and other content. The new technology also makes it easier to connect other devices to the Internet, including self-driving cars. BCE is using equipment from European suppliers Nokia and Ericsson in its 5G systems instead of China-based Huawei’s. That cuts its risk, particularly as Canada may ban Huawei equipment in 5G networks on national security grounds. BCE is a buy. buy. …

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