The telecom reported $0.67 earnings per share, below the $0.69 consensus analyst estimate. Fourth-quarter operating revenue hit $6.3 billion and the firm hiked its dividend by five per cent. (The Logic)

Talking point: The Nokia selection follows a U.K. decision to partially ban Huawei that’s costing British telecoms hundreds of millions of dollars. Bell already uses Huawei equipment in its network, and this decision doesn’t shut the door to using the Chinese telecom’s technology completely, as Nokia is flagged as Bell’s “first” 5G equipment supplier. For the coming year, Bell is planning capital intensity of about 16.5 per cent. That follows rival Rogers’s announcement last month that it will spend $2.9 billion on communications infrastructure. Bell said its initial focus for 5G deployment will be urban centres. The firm said it’s ready to deliver 5G “as next-generation smartphones come to market in 2020.”