Canada’s 5G Delay and Telco Trouble

2020 is already looking rough enough for Canadian phone companies

Andrew Willis 15 June, 2020 | 1:20AM
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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 Inc63.18 CAD0.40Rating
Rogers Communications Inc61.00 CAD-1.80
Rogers Communications Inc Class B60.02 CAD-0.28Rating
Shaw Communications Inc Class A35.00 CAD-4.89
Shaw Communications Inc Class B35.59 CAD-0.36Rating
TELUS Corp27.87 CAD0.29Rating

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

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