Topic: How To Invest

The Successful Investor Hotline – Friday, November 2, 2018

Article Excerpt

BCE INC., $52.90, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 3.05 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 3.9 million high-speed Internet users and 2.8 million TV subscribers. In addition, the company sells wireless services to 9.5 million users across Canada and owns TV and radio stations. BCE continues to benefit from ongoing improvements to its networks, which are helping it attract new customers. In the three months ended September 30, 2018, the company signed 135,323 wireless customers to long-term contracts (net of cancellations). That’s a 15.5% gain over the 117,172 new users for the year-earlier quarter. The company also added 40,091 customers for its Fibe TV business and 47,749 customers for its high-speed Internet service. Both numbers are also net of cancellations. Thanks to those gains, BCE’s revenue in the quarter rose 3.2%, to $5.88 billion from $5.70 billion a year earlier. That beat the consensus forecast of $5.83 billion. If you…

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