03:59:15 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 870,357,687
Close 2016-11-30 C$ 57.89
Market Cap C$ 50,385,006,500
Recent Sedar Documents

Globe says Competition Bureau slows BCE-MTS deal

2016-12-01 07:17 ET - In the News

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

The Globe and Mail reports in its Thursday edition that a stringent examination of the state of wireless competition in four provinces is delaying BCE's $3.1-billion deal to acquire Manitoba Telecom Services. The Globe's Christine Dobby writes that as BCE and MTS await a range of regulatory and government approvals, the Competition Bureau has gone to court to compel companies not directly involved in the deal to turn over reams of operational data. The bureau obtained orders from the Federal Court in August and September forcing both Rogers and Telus to provide more than three years of information. Details include new wireless customers, prices, revenues and expenses, network quality, and transfers of phone numbers to new accounts covering Manitoba, Alberta, Saskatchewan and Ontario. In documents filed with the court, the bureau said it needed the additional data to determine whether the merger will "lessen or prevent competition substantially," but BCE and MTS argue that the lengthy information-gathering process from non-parties to the deal has unreasonably delayed the path to a decision. BCE announced its planned takeover of one of the last remaining provincial telephone companies on May 2.

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