OTTAWA -- The Competition Bureau announced late Friday that it won’t be challenging the deal to take Bell Canada Enterprises private. The deal, approved today by shareholders, will see a bidding group composed of Ontario Teachers' Pension Plan Board, Madison Dearborn Partners, LLC and Providence Equity Partners Inc. take control of the company. The Bureau's review focussed particularly on Teachers' shareholding in Manitoba Telecom Services Inc. (MTS), a competitor to BCE. “The conclusion that the proposed transaction was unlikely to lead to a substantial lessening or prevention of competition was based, in part, on the fact that Teachers' has no...
