00:15:48 EDT Thu 18 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 BCE could wait a long time for approval

2016-05-04 07:38 ET - In the News

Also In the News (C-MBT) Manitoba Telecom Services Inc

The Globe and Mail reports in its Wednesday edition that BCE's purchase of Manitoba Telecom Services is expected to face a lengthy review that will test the federal government's four-player policy on the wireless sector. The Globe's Christine Dobby writes that both companies admit that the process of winning regulatory approval will drag out for the rest of the year and possibly into next. BCE reached a separate deal to divest one-third of MTS's contract wireless subscribers and dealer locations to Telus. The divestment is a nod to the fact that a combined BCE-MTS would otherwise control 60 per cent of Manitoba's wireless market, a level of concentration that would very likely make regulators uncomfortable. Industry watchers say that probably will not be enough to convince the government to bless the deal and suggest that BCE will have to consider other steps to enhance competition such as divesting some of its wireless airwaves in the province to a fourth player. As it stands, the MTS deal would reduce the Manitoba market to three players from four. The Big Three have been fighting to win market share in that province and consumers actually enjoy lower prices than in many other parts of Canada.

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