Commission to hear BCE-Teachers on Feb. 25, ExpressVu valued at $108 million

GATINEAU – The CRTC has scheduled a public hearing into the transfer of Bell Canada Enterprise's broadcast licenses to an Investor Group led by Teachers Private Capital, Providence Equity partners, Madison Dearborn and Merrill Lynch Global Private Equity. Since Teachers owns 25% of CTVglobemedia and BCE owns 15% of the media company (bringing the new company’s CTVgm stake to 40%) and all of Bell ExpressVu, the Commission must approve this part of the transaction to ensure, among other things, that non-Canadians don’t control those assets. While the overall price tag on taking Bell private is $39.8 billion, the deal values...