Industry Canada approves acquisition of BCE by investor group led by Teachers'

MONTREAL – The proposed acquisition of BCE by an investor group led by Teachers’ Private Capital has been approved, subject to a few conditions, by Industry Minister Jim Prentice, the telco announced Wednesday. “Based on the information provided thus far and subject to the paragraphs below, Industry Canada finds that BCE Inc. would be, under the proposed structure, ‘Canadian’ within the meaning of the Radiocommunication Regulations of the Radiocommunication Act and in relation to the radiocommunication authorizations held by subsidiaries and affiliates of BCE Inc.,” states Prentice in a letter dated April 8 to Bell. The minister writes that the...