RCI - BCE: Revenue Growth Should Remain Positive In 2019
Investment Thesis
BCE (BCE) [TSX: BCE] delivered modest top and bottom line growth in Q4 2018. The company's wireless segment continues to slow down in the past quarter. Nevertheless, this segment should continue to deliver positive growth due to healthy postpaid and prepaid subscriber additions. BCE's Wireline Internet should also perform well thanks to the continual upgrade of its legacy network to fiber-to-the-home. Its wireless-to-the-home service should also help deliver growth. The company is also well positioned to capture the opportunity in the era of 5G, although revenue contribution will likely not be