Inside the Market’s roundup of some of today’s key analyst actions
Heading into the new year, Desjardins Securities analyst Jerome Dubreuil thinks it is “refreshing to see a few months of relative pricing discipline in the Canadian telecom space after many quarters of aggressive promotions.”
“As we look to 2026, we expect ARPU [average revenue per user] improvements but note that some wireless promotions have recently migrated to add-a-line discounts and that TPIA/ FWA [third party internet access and fixed wireless access] should lead to growing competition from out-of-footprint operators in wireline,” he said.
. In our view, the market does not sufficiently appreciate the brighter future for FTTH operators vs cable—our telecom pecking order reflects this view. In IT services, software

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