Telus still interested in BCE

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TelusAlthough Bell’s acquisition should have all been settled by now, Telus still wants to have the option to change their mind on making a bid. That might be a little tricky, considering the Ontario Teachers Pension Plan Board has already dropped $35.1 billion and BCE has accepted the offer. Regardless, the possibility of Telus still getting in on the action isn’t entirely out of the question.

Bell Canada chief executive Michael Sabia acknowledged the possibility of a hostile bid [by Telus] when he told reporters on Saturday that the company’s board “has a fiduciary obligation to continue to be open to superior proposals.”