MONTREAL – Add Telus to the list of those taking a peek inside the BCE data room, looking to buy the company.
But this announcement goes a bit of a step farther than the previous announcements made by firms looking to take the big telco private.
Wednesday evening, the strategic oversight committee of the BCE board of directors announced that Telus "has entered into discussions to explore the possibility of a business combination with the company. BCE and Telus have entered into a mutual non-disclosure and standstill agreement on a non-exclusive basis," reads the press release.
"The company had previously announced its intention to review all strategic alternatives with a view to further enhance shareholder value. The review is currently expected to be completed in the third quarter of 2007.
"No assurances can be provided that any offer, if made, by any entity or group, now formed or to be formed in the future, will be accepted by the board of directors or that this review of alternatives will result in any specific action being taken by the company," it concludes.
There has been no official comment yet from Telus.
