Ottawa won’t intervene after CRTC rejects BCE-Astral deal

BCE Inc. said it will ask the federal cabinet to intervene after the CRTC rejected its proposed $3.4-billion takeover of Astral Media, saying it would place too much power in the hands of one company and threaten the competitive media landscape in Canada.

“BCE failed to persuade us that the deal would benefit Canadians,” said Jean-Pierre Blais, chairman of the CRTC, in a statement explaining the commission’s decision to block the bid.

“It would have placed significant market power in the hands of one of the country’s largest media companies.

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