BCE GETS APPROVAL TO BUY ASTRAL MEDIA

Mar 04, 2013

By AM740 Staff

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BCE has received clearance  for its 3.38-billion dollar acquisition of Astral Media

The Competition Bureau says  Bell must divest itself of Astral’s ownership interests in several pay and specialty television channels.

The deal still requires approval from the Canadian Radio-television and Telecommunications Commission.

The CRTC killed the original deal last October, saying it wasn’t in the best interests of Canadians.

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