Reuters: Regulatory News: Canadian broadcast regulator set to rule on BCE-Astral deal

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Canadian broadcast regulator set to rule on BCE-Astral deal Oct 17th 2012, 21:38 TORONTO | Wed Oct 17, 2012 5:38pm EDT TORONTO Oct 17 (Reuters) - The Canadian Radio-Television and Telecommunications Commission said it will issue its decision on Thursday on BCE Inc's controversial C$3 billion takeover of content provider Astral Media Inc. The potential deal has spawned a slew of objections from BCE's rivals in the Canadian media sector, who fear that the deal will give the telecom and media company too much heft and power in the market. In public hearings before broadcast regulator CRTC last month, BCE's competitors including Telus Corp, Quebecor Inc and Rogers Communications Inc all voiced strong issues with the deal. The takeover announced in March would give BCE control over its largest content provider Astral, allowing it to lock up more of the programming carried over its media platforms and expand its presence in French-speaking Quebec.

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