Telus and BCE merging?

TelusThere have been some rumblings that Telus and BCE are considering a merge, making them the largest wireless carrier in Canada with a combined market cap of $46 billion. Considering the only other real competitor in town after that is Rogers, the federal government is keeping a close eye on the proceedings between these two companies to keep national competition up and avoid a monopoly. Telus Mobility isn’t likely to start talks with BCE until Ottawa gives them the go-ahead, otherwise the feds could simply step in and call the whole thing off mid-process. BCE is asking any bids be submitted before the end of the month, a scant week away, which should be around the $30 billion mark.

Comments [3 Responses]

June 26th, 2007 at 9:11 am

This story needs to be updated, Telus dropped out of the bidding this morning

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