5G rollout will spur BCE

Article Excerpt

BCE INC. $54.88 is a buy. The company (Toronto symbol BCE; Shares o/s: 904.3 million; Market cap: $49.3 billion; TSINetwork Rating: Above Average; Divd. yield: 6.1%) is Canada’s largest traditional telephone service provider. It also has 3.66 million high-speed Internet users and 2.74 million TV subscribers. BCE also sells wireless services to 10.14 million users across Canada and owns TV and radio stations. BCE is now expanding the availability of its wireless home Internet service to households in rural locations and smaller towns. This service uses Bell’s existing fibre and wireless networks to provide high-speed access to hard-to-reach locations. Right now, the service is available to 400,000 homes in Ontario and Quebec. BCE expects to ultimately reach 1 million homes in those provinces as well as Newfoundland, Nova Scotia, PEI, New Brunswick and Manitoba. This expansion will help the company further profit from the increased number of Canadians now working from home. BCE Inc. is a buy. buy…