BCE Inc

BCE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$85.00	Gxphnst	Kcpbcfgc

BCE Is Well Positioned, but Legacy Businesses and Greater Wireless Competition Will Weigh on Growth

Matthew Dolgin

May 11, 2023

Business Strategy and Outlook

BCE has been investing heavily over the past several years to upgrade its wireline network with fiber. In the time since, the firm has been outperforming competitors in adding new broadband subscribers, but we think the firm has more runway to take share over its footprint. BCE also remains a leader in providing wireless service throughout Canada and has a formidable media business.

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