BCE Delivered Solid Results on Wireless Strength and Closed MTS Acquisition; Shares Overvalued
BCE’s first-quarter results were solid, thanks to strong organic customer gains in wireless. Excluding the MTS acquisition that closed in the quarter, BCE added 36,000 net postpaid wireless customers organically, higher than the gain of 26,000 customers a year ago. We believe the MTS acquisition, which added about 420,000 postpaid wireless customers to BCE’s wireless customer base and expanded BCE’s fixed-line consumer base, enhances BCE’s competitive position in both wireless and wireline. Aft...BCE is a telecommunications and media company providing wireless, wireline, Internet and television (TV) services to residential, business and wholesale customers in Canada. As of Dec 31 2017, Co. operated three segments: Bell Wireless, which provides wireless voice and data communications products and services; Bell Wireline, which provides data, Satellite TV service and connectivity, and includes Co.'s wholesale business, which buys and sells local telephone, long distance, data and other services from or to resellers and other carriers; and Bell Media, which provides conventional, specialty and pay TV, digital media and radio broadcasting services and out of home advertising services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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