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Telus says BCE's deal to purchase Astral Media is anti competitive

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Published on August 14, 2012; Published on August 14, 2012
The Canadian Press ~ OBJ

Telecommunications company Telus (TSX:T) says it opposes the $3.4-billion purchase of Montreal-based Astral Media by telecom competitor BCE (TSX:BCE).

Topics :: Telus , TSX , BCE

Telus says the proposed deal would be reduce competition and give Bell unprecedented market power.

Vancouver-based Telus says the purchase of Astral (TSX:ACM) could give Bell a 49.5 per cent share of the English-language television audience.

Telus says the deal would limit choice for Canadians and raise costs for consumers.

Telus is supporting a coalition comprised of Quebecor (TSX:QBR.B), Cogeco (TSX:CGO) and Eastlink and has filed a submission against the acquisition to the CRTC.

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