21:56:37 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 867,980,209
Close 2016-05-03 C$ 58.44
Market Cap C$ 50,724,763,414
Recent Sedar Documents

Globe says takeover candidates dry up for BCE, others

2016-05-03 06:50 ET - In the News

Also In the News (C-RCI) Rogers Communications Inc
Also In the News (C-SJR) Shaw Communications Inc
Also In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Tuesday edition that in the past year, Canada's already cozy telco industry has become a lot cozier, with the largest players gobbling up several regional peers. The Globe's Christina Pellegrini writes that at the centre of this latest wave of consolidation has been the lucrative wireless space. Last June, Rogers Communications agreed to buy struggling cellphone service provider Mobilicity, which had spent months languishing in court-supervised creditor protection. In mid-December, discount mobile carrier Wind Mobile sold itself to Shaw Communications. On Monday, Manitoba Telecom Services was taken off the market, with the biggest telco of all, BCE, agreeing to purchase MTS for $3.1-billion plus the assumption of $800-million in debt. There are not a lot of these kinds of transactions left in the Canadian telco industry that will be easily approved by Ottawa. Analysts are bombarded with questions about when Rogers is going to finally swallow Shaw, and some people still think Bell and Telus will one day become "Belus." However, no one thinks that our politicians or regulators have a stomach for these kinds of megadeals. BCE is divesting one-third of MTS's wireless subscribers to Telus.

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