Astral projection: BCE expects 2H takeover completion

25 May 2012

Shareholders of Astral Media approved the broadcasting company’s proposed takeover by Canadian telecoms group BCE – parent of Bell Canada and Bell Aliant – yesterday, leaving the USD2.9 billion deal pending approval by telecoms and competition authorities. The deal is projected to close in the second half of this year, although it will be closely scrutinised on anti-monopoly grounds, given that BCE acquired Canada’s largest private broadcaster CTV last year.

Canada, BCE (old), Bell Canada Enterprises (BCE)