Thursday, July 24th13.5°C
22715

BCE's new bid to buy Astral

Bell Canada and Astral Media Inc. have submitted a new proposal to the federal broadcast regulator, saying they've found ways to address the CRTC's concerns over the level of ownership concentration in some markets.

The companies say in the joint announcement that the revised deal is worth $3.38 billion, subject to approval by the CRTC and the Competition Bureau, about the value as the original deal.

Bell and Astral say their proposal includes steps they'd take to comply with ownership thresholds.

They say details of the new Astral-Bell proposal will be made available by the Canadian Radio-television and Telecommunications Commission when it launches a public consultation on the application.

Bell Canada's parent (TSX:BCE) originally agreed in March to buy Montreal-based Astral (TSX:ACM.B) for $3.4-billion but the CRTC killed the deal last month.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15402.87+8.49
S&P CDNX1008.79-3.44
DJIA17085.32-1.31
Nasdaq4470.209-3.488
S&P 5001988.74+1.73
CDN Dollar0.9304-0.002
Gold1297.50-7.00
Oil104.30-0.29
Lumber325.50-7.90
Natural Gas3.832+0.07

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.08+0.02
Anavex Life Sciences0.27-0.055
Metalex Ventures0.070.00
Russel Metals35.59-0.06
Copper Mountain Mining2.755-0.005
Colorado Resources0.2150.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 





FEATURED Property
195078012-750 Badke Road
2 bedrooms 3 baths
$249,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22461