Telecom
Canadian telecom is a Big-Three oligopoly built on capital-intensive wireless and fibre networks. These are classic free-cash-flow and dividend stocks — the key questions are how much free cash flow the network throws off, how sustainable the dividend is, and how heavy the debt and capital spending have become.
Reports in Telecom
TELUS Corporation
A Big-3 telecom that just reset its dividend to a sustainable share of free cash flow to attack its debt.
BCE Inc.
Canada's largest telecom is trading like a value/turnaround stock after slashing its dividend to fund deleveraging and a fibre build.
Rogers Communications
Post-Shaw, Rogers is a scaled wireless-plus-cable operator deleveraging hard while a frozen dividend and rich sports assets underpin the story.
Quebecor
The scrappy Quebec challenger turned national fourth carrier — cheaper on cash flow than its share-price run suggests, with Freedom Mobile as the growth lever.
Cogeco Communications
A deeply discounted regional cable operator throwing off big free cash flow — but a large US impairment and secular broadband pressure explain the wreckage.