BCE expands in Quebec

Article Excerpt

BCE INC. $69 is your #1 Income Buy for 2022. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 908.8 million; Market cap: $62.7 billion; Price-to-sales ratio: 2.6; Dividend yield: 5.3%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest traditional telephone service provider. It also sells wireless services and owns TV and radio stations. The company has agreed to buy EBOX, a private firm based in Longueuil, Quebec that provides Internet, telephone and TV services to over 90,000 customers in Quebec and parts of Ontario. BCE has not yet how much it’s paying for this business. It will also continue to continue to operate this firm under its well-established brand. The company’s plan to enhance EBOX’s networks should also help it compete with cable TV providers. BCE is your #1 Income Buy for 2022. 2022…