04:12:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 869,958,840
Close 2016-10-11 C$ 59.71
Market Cap C$ 51,945,242,336
Recent Sedar Documents

FP says CRTC cuts will hit bottom lines at BCE, others

2016-10-12 09:25 ET - In the News

Also In the News (C-CCA) Cogeco Communications Inc
Also In the News (C-QBR) Quebecor Inc
Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-T) Telus Corp (2)

The Financial Post reports in its Wednesday edition that the fallout from the CRTC's move to slash wholesale Internet rates continues as more analysts predict the decision could be bad for big players' broadband revenue. The Post's Emily Jackson writes that telco stock prices dipped Friday after the Canadian Radio-television and Telecommunications Commission's announced cuts, dramatic in some cases, to the wholesale rates incumbents can charge resellers for access to their high-speed Internet networks. Scotiabank lowered its price targets by 1 per cent to 2 per cent for Rogers, Quebecor and Cogeco. This reflects expectations of lower average revenue per user, analyst Jeff Fan wrote in a note to clients Tuesday. The decision is expected to have a much larger impact in Quebec and Ontario, home to an estimated 70 per cent of revenue from wholesale customers, Mr. Fan wrote. He did not change his targets for Shaw and Telus since there is less wholesale activity in the West. Barclays analyst Phillip Huang agreed the decision could lead to slower broadband investments. "The cables and telcos are already locked in an intense and expanding price battle across the major markets in Canada," Mr. Huang wrote.

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