BCE Sees Robust Growth in Wireless and Stable Fixed-Line Performance; Raising FVE to CAD 55
BCE delivered strong second-quarter results that modestly exceeded our expectations, thanks to strong organic growth in its wireless business. Total revenue grew 7% year over year, helped in part by the MTS acquisition completed in March, but organic growth in wireless service revenue remains the key driver, in our opinion. The narrow-moat company added 89,000 net postpaid wireless customers, up from 70,000 a year ago, while increasing average revenue per wireless customer at a faster pace than ...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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