Telus Corp T.T

Trade war will add to wireless challenges

[Bigbear7405]

A smaller immigration pool led to a 56% year-over-year drop in net postpaid wireless subscriber additions.

Canada’s largest telecom company by revenue warned that a prolonged trade war will drag on economic growth, which was already hampered by a drop in domestic immigration targets.

“Everyone is going to have to get comfortable with lower volumes of sales,” BCE Inc. chief executive Mirko Bibic said in an interview with Bloomberg.

“And then, if customers get concerned around the economic impacts of tariffs, and there’s less demand for second lines, third lines — there will still be a demand as penetration goes up, but penetration may not go up as fast.”

https://financialpost.com/telecom/bce-trade-war-wireless-unit-challenges