BCE Seen as Resilient to U.S. Wireless Disruption

Dow Jones07-03

1446 ET - Despite the pullback in BCE shares, long-term fundamentals and the dividend are still intact says TD Cowen's Vince Valentini, upgrading shares to buy from hold. He thinks the 13% decline since early June was "driven largely by headline risk around potential SpaceX/Starlink disruption," which could "capture some incremental rural internet subscribers over the next few years." However, he says that any wireline broadband share loss to Starlink would be gradual and manageable. Moreover, he says that Canada's ownership rules, spectrum constraints, and the structure of the mandated MVNO [Mobile Virtual Network Operator] framework, should provide some comfort. "This makes Canadian telecom stocks, including BCE, a relative haven from the uncertainty around potential U.S. wireless disruption." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 14:46 ET (18:46 GMT)

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Moreover, he says that Canada's ownership rules, spectrum constraints, and the structure of the mandated MVNO [Mobile Virtual Network Operator] framework, should provide some comfort. \"This makes Canadian telecom stocks, including BCE, a relative haven from the uncertainty around potential U.S. wireless disruption.\" (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2026 14:46 ET (18:46 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648687176","isCrawlerRequest":true}