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BCE Inc (2)
Symbol BCE
Shares Issued 912,289,005
Close 2023-06-29 C$ 59.80
Market Cap C$ 54,554,882,499
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Globe says CRTC won't fast-track BCE's subway request

2023-06-30 08:29 ET - In the News

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

The Globe and Mail reports in its Friday edition that the CRTC has rejected BCE's request to speed up its ruling on access to Toronto's subway wireless network, now owned by Rogers, saying the telco will have to wait for the 40-day procedure to play out. The Globe's Irene Galea writes that since Rogers acquired the rights to develop wireless service in the subway in April, its rivals Bell and Telus have argued for a joint model where all three would build the network together. On June 15, Bell filed an application asking the CRTC to intervene, alleging that Rogers is attempting to gain a commercial advantage by delaying access for non-Rogers customers for "as long as possible." Citing the "urgency" of the situation, Bell asked the CRTC to expedite its application and rule by July 1. Rogers has vowed to provide access to all customers through "good-faith commercial negotiations," with arbitration available if the telcos are unable to reach agreements. In a response to Bell's application, Rogers said there is no credible basis for deviating from typical procedure. The CRTC agreed, saying it would not expedite the process, as doing so would unduly limit the ability for others to participate in the consultation process.

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