Reuters: Regulatory News: Canada's CRTC blocks BCE's bid for Astral

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Canada's CRTC blocks BCE's bid for Astral Oct 18th 2012, 20:13 Thu Oct 18, 2012 4:13pm EDT Oct 18 (Reuters) - Canada's top broadcast regulator on Thursday blocked BCE Inc controversial C$3 billion ($3.05 billion) bid for Astral Media, arguing that the deal would give the telecom giant too much power The decision of the Canadian Radio-Television and Telecommunications Commission can be appealed to the Federal Court of appeal. The deal would have allowed Canada's largest telecom provider to lock up more programming for its vast media platform. It faced strong criticism from BCE's Canadian rivals, who argued BCE would win too much heft and pricing power in the market.

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