Topic: How To Invest

The Successful Investor Hotline – Friday, May 4, 2018

Article Excerpt

BCE INC., $53.35, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 3.2 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 3.8 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services to 9.2 million users across Canada and owns TV and radio stations. In March 2017, BCE completed its acquisition of Manitoba Telecom Services. That utility has 1.3 million telephone and wireless customers in the province. BCE paid $3.9 billion. That price included Manitoba Telecom’s debt of $972 million. Thanks partly to this major purchase, BCE’s revenue in the three months ended March 31, 2018, rose 4.8%, to $5.59 billion from $5.34 billion a year earlier. The company’s heavy investments in its wireless and Internet networks have also helped to spur its revenue. BCE signed 68,487 wireless customers to long-term contracts (net of cancellations) in the latest quarter. That’s a gain of 91.4% over 35,782 new users for…

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