MTS petitions CRTC to switch BDU ownership, control to Bell; full deal awaiting Competition Bureau

OTTAWA – MTS has officially asked the CRTC to transfer ownership and effective control of its licensed terrestrial broadcasting distribution undertakings operating in Winnipeg and surrounding areas to Bell Canada.In application dated June 8, 2016 but made public on Tuesday, MTS said that the steps of the proposed transaction affecting the licensed broadcasting undertakings would be as follows:- First, the parent corporation of MTS, MTS Communications Holdings Inc. (MCH), would be wound up into Manitoba Telecom;- Second, Bell would acquire all the issued and outstanding shares in the capital of Manitoba Telecom;- Third, BCE would incorporate a new wholly owned subsidiary (BCE...