Q: Your thoughts please on the news from BCE today ?
Thx
Thx
5i Research Answer:
The Sask. data centre is a good piece of news, but it is short term pain for long term potential. The deal cuts BCE free cash flow this year from $3.5B to $2.3B, with it spending $1.7B on the project. For investors concerned about spending at the company, it may be more concerning. But it is likely the right long term move to get the company some higher growth diversified revenue.