UPDATED: BCE presents policy test to federal government with MTS deal

TORONTO – BCE’s proposed acquisition of MTS will not only contradict the previous government’s push for four wireless players in every market, it could open the door for further consolidation in the rest of the market.Canaccord Genuity Corp. analyst Aravinda Galappatthige said approval of the $3.9 billion BCE/MTS deal would “set a significant precedent, as it would reduce Manitoba to a three-player wireless market from four.”“As a result, we also believe that this would give Shaw a potential exit strategy in wireless should it decide to sell Wind”, he wrote in a client note Monday. “In addition, we believe it...