12 Best Telecom Stocks To Invest In Now

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10. BCE Inc. (NYSE:BCE)

Number of Hedge Fund Holders: 20

BCE Inc. (NYSE:BCE) is a communications company that provides a comprehensive suite of wireless, wireline, internet, and television services to residential, business, and wholesale customers. It operates through two primary segments. One is Bell Communication and Technology Services, which focuses on delivering telecommunications products and services. The other is Bell Media, which encompasses television, radio, and digital media properties.

In its third quarter of 2024, the company strengthened its B2B tech services capabilities through acquisitions like Stratejm, CloudKettle, and FX Innovation, fueling a 10% revenue increase in Business Solutions. Similarly, its acquisition of Out Edge Media boosted advertising revenue by 7.9%, marking the third consecutive quarter of growth.

The planned acquisition of Ziply Fiber for H2 2025 will be financed using money from the recent sale of a stake in Maple Leaf Sports & Entertainment (MLSE) and a special program that allows the company to buy back shares at a discount, keeping the company’s overall debt levels stable. Despite these positive developments, overall revenue declined by 2.66% as compared to Q3 2023. However, the company’s financial position remains strong with $4.4 billion in available liquidity and a well-structured debt maturity schedule.

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