Topic: How To Invest

The Successful Investor Hotline – Friday, February 8, 2019

Article Excerpt

BCE INC., $57.34, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 3.0 million customers in Ontario, Quebec, Manitoba and the Atlantic provinces. The company also has 3.9 million high-speed Internet users and 2.9 million TV subscribers. In addition, BCE sells wireless services to 9.6 million users across Canada, and owns TV and radio stations. The company continues to benefit from ongoing improvements to its networks, which help to attract new customers. In the three months ended December 31, 2018, BCE signed 121,780 wireless customers to long-term contracts (net of cancellations). That’s down 30.5% from 175,304 a year earlier. However, the year-earlier quarter benefitted from special promotions from BCE and other major carriers in response to new low-cost offers from Shaw Communications Inc.’s Freedom Mobile. The company also added 36,473 customers for its Fibe TV business and 29,627 customers for its high-speed Internet service. Both numbers are net of cancellations. Thanks to these gains, revenue in the quarter climbed 3.0%, to $6.22…