Bell has another stab at Astral takeover

20 Nov 2012

Telecoms and broadcasting group Bell Canada Enterprises (BCE) and broadcaster Astral Media have submitted a revised merger proposal to the Canadian Radio-television and Telecoms Commission (CRTC), addressing the regulator’s concerns over the level of ownership concentration in certain market segments created by the proposed takeover of the media group. The revised deal is worth a similar amount to the original proposal, around USD3.4 billion, but is subject to approval by the CRTC and the Competition Bureau. The CRTC will launch a new public consultation on the application, reports the Montreal Gazette.