Competition isn’t being reduced, says Bell EVP in wake of latest acquisition announcement

By Amanda OYE

TORONTO – Consolidation on the wholesale front in Canada’s telecom industry is not reducing competition, Bell’s executive vice-president and chief financial officer Glen LeBlanc (above, right) told BMO Capital Markets media and telecom analyst Tim Casey (above, left) at BMO’s 23rd annual Media and Telecom conference yesterday. “There’s a very large reseller market… I think there’s 950 competitors in Canada,” LeBlanc said. “The barriers to entry are minimal, the largest is still in business – TekSavvy – and appears to have zero intention of selling.” LeBlanc’s appearance at BMO’s conference comes not long after Bell announced it reached an agreement...