BCE launches its 5G

Article Excerpt

BCE INC. $56.38, is a buy. The company (Toronto symbol BCE; Shares outstanding: 904.3 million; Market cap: $51.0 billion; TSINetwork Rating: Above Average; Dividend yield: 5.9%) has now launched 5G wireless service in Toronto, Montreal, Calgary, Edmonton and Vancouver. It has plans to expand to more centres around the country. 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…