BCE unit extends Internet access to Memramcook, St. Martins

Bell, which belongs to BCE Inc. BCE, announced the expansion of fiber optic Internet service to homes and businesses in the villages of Memramcook and St. Martins in Canada.

This project is part of Bell’s accelerated capital investment program to improve Canada’s next generation network infrastructure. It will bring full-fiber broadband access to nearly 2,900 locations in these communities by the end of 2021.

Bell is committed to bringing its pure fiber optic connections, Internet and television services to homes and business locations in rural communities. The broadband expansion program will provide high capacity fiber optic connections with Internet download speeds of up to 1.5 Gbps and access to Bell services such as Fibe TV.

BCE shares have gained 19.3% in the past year compared to industrygrowth of 16.1%.

Image source: Zacks Investment Research

At the end of May, Bell announced an additional investment of C $ 1.7 billion over the next two years to accelerate the deployment of its fiber optic, 5G and rural broadband networks. He continues to help Canada recover from the pandemic. The latest technological advances will be beneficial for the economic development of the community.

Capital acceleration exceeds the nearly C $ 4 billion that Bell typically invests in broadband infrastructure and expansion each year. It will dramatically increase connections in communities across the country while creating employment opportunities.

In wireless, Bell is experiencing healthy subscriber growth, driven by focus on higher-value smartphone loads, demand for its IoT solutions and higher average revenue per user mobile phone. It is likely to benefit from investments to improve access speed and 5G coverage.

The stock currently has a Zacks Rank # 5 (strong sell).

Some better-ranked stocks in the larger sector are InterDigital, Inc. IDCC, Qualcomm, Inc. QCOM, and Nokia Corp. NOK, each wearing a Zacks Rank # 2 (Buy). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

InterDigital delivered a surprise profit over the last four quarters of 536%, on average.

Qualcomm has achieved a surprise profit over the last four quarters of 13.5% on average.

Nokia has posted a surprise profit of 202.7% on average over the last four quarters.

Zacks’ top picks for leveraging artificial intelligence

This world-changing technology is expected to generate $ 100 billion by 2025. From self-driving cars to analyzing consumer data, people are relying on machines more than ever. Now is the time to capitalize on the 4th industrial revolution. Zacks’ Urgent Special Report Reveals 6 AI Choices Investors Need To Know Today.

See 6 artificial intelligence stocks with extreme upside potential >>

Click to get this free report

QUALCOMM Incorporated (QCOM): Free Stock Analysis Report

Nokia Corporation (NOK): Free Stock Analysis Report

BCE, Inc. (BCE): Free Stock Analysis Report

InterDigital, Inc. (IDCC): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link

Comments are closed.