Competition Bureau vets Public’s sale to Telus

OTTAWA – The Competition Bureau has officially sanctioned Telus’ proposed acquisition of Public Mobile.The Bureau said Friday in a statement that it has issued a No Action Letter (NAL) with respect to the acquisition after determining that “the proposed transaction is unlikely to substantially lessen or prevent competition in the sale of mobile wireless telecommunications services in Southern Ontario and Greater Montreal." Such a letter confirms that the Bureau has reviewed a specific proposed transaction and concluded that it will not, at this time, challenge that proposed transaction before the Competition Tribunal under the merger provisions of the Competition Act."Our...