UPDATE: "We're talking here about control in fact."

GATINEAU – The CRTC flexed its regulatory muscles this morning, pressuring the soon-to-be-owners of Bell Canada to more clearly spell out who will control the corporation. As readers are no doubt aware, a consortium led by the Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, along with Providence Equity Partners and Madison Dearborn Partners, bid $51 billion (debt included) to take the country’s largest telco private. Given that the new Bell will continue to own a couple of assets that fall under strict regulatory control (namely its TV distribution unit headed by Bell ExpressVu and...