Canada’s 5G Delay and Telco Trouble

2020 is already looking rough enough for Canadian phone companies

Andrew Willis 15 June, 2020 | 1:20AM

 

 

This month, the Canadian government announced that plans for blazing-fast 5G wireless cellphone service would be put on hold until 2021. This, of course, is not because the 5G antennas were spreading the coronavirus (according to some conspiracies) – but rather so that telcos can focus on providing basic services in the pandemic, says equity analyst Matthew Dolgin. And he says the decision comes with a silver living.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BCE Inc54.84 CAD-0.74
Rogers Communications Inc56.67 CAD0.43
Rogers Communications Inc Class B52.99 CAD-0.67
Shaw Communications Inc Class A22.27 CAD-0.09
Shaw Communications Inc Class B21.99 CAD0.09
TELUS Corp22.33 CAD-0.40

About Author

Andrew Willis

Andrew Willis  Andrew Willis is Content Editor for Morningstar.ca

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