Canada competition bureau backs $2.9 billion BCE-Astral deal

CRTC Chairman Blais speaks during a news conference in GatineauOTTAWA (Reuters) – Canada's Competition Bureau conditionally approved a C$ 3 billion ($ 2.9 billion) plan by BCE Inc, the country's biggest telecom company, to buy Astral Media Inc on Monday, but the offer must still pass muster with the telecom regulator. The competition watchdog said its approval is contingent on BCE, a growing broadcaster, selling a range of Astral's pay- and specialty-TV channels, including several Disney channels. …


Full Story Via Tech News Headlines – Yahoo! News

Comments are closed.