Telus drops out of BCE bid

The impending merger between Telus and BCE has been called off. Telus has decided not to make a bid for BCE, cryptically citing BCE’s “inadequate” review process. The Canadian government is probably issuing a sigh of relief now that they won’t have to go through all the paperwork of maintaining a balanced wireless market, even though Prime Minister Stephen Harper had vouched to stand clear of the bidding process. Guess it’s kind of a moot point now. The Ontario Teachers’ Pension Plan and Providence Equity Partners are next in line to bid on BCE, so we’ll see what happens there once July rolls around.

Comments [3 Responses]

Telus still interested in BCE | BlackBerry Cool
July 3rd, 2007 at 8:52 am

[…] 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 […]

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