BCE and Astral Get CRTC Approval to Complete Merger on July 5

The $3.2 billion acquisition of Astral Media by BCE has gained approval from the CRTC as of June 27th. On July 5, 2013 the two long-established Montréal companies will begin ramping up competition in the Canadian broadcasting sector, said George Cope, CEO of Bell and BCE. However, the media giants will have to compete with […]

BCE and Astral Continue to Address CRTC’s Merger Concerns

BCE and Astral Media are moving forward in addressing submissions in preparation for the CRTC hearing that begins May 6 in Montréal. Both organizations have replied to interventions filed with the Canadian Radio-television and Telecommunications Commission as part of the review process to cement the proposed merger embarked upon in March 2012. “Astral and Bell […]

BCE Clears Important Competition Hurdle with Astral Takeover

Canada’s Competition Bureau has given the green light to BCE Inc.’s $3.38-billion takeover of Astral Media, but with several provisions. The Bureau, after a lengthy review process and interviews with multiple industry participants in the television, cable, satellite and wireless service industry, concluded Bell must divest itself of Astral’s ownership interests in several pay and […]

BCE & Astral Extend Merger Closing Date to Dec. 16

BCE and Astral will buy some time by extending the closing date of the proposed merger to December 16th. With last week’s CRTC ruling denying regulatory approval for the $3.4 billion merger, BCE is pulling out the stops. Another option still available is appealing the decision to the Federal Court of Appeal. Interestingly, Rogers was […]

BCE Plans to Rival Netflix

George Cope, CEO of BCE, said that if the acquisition of Astral Media goes through, a made-in-Canada competitor to Netflix, available in English and French, will be launched. In defending BCE’s purchase of Astral at the Canadian Radio-television and Telecommunications Commission hearing on Sept. 10th, Cope said the competitive service will be available on demand, […]