Competition Bureau Clears BCE-Astral Takeover

The Competition Bureau late Monday gave conditional approval to Bell Canada’s takeover of specialty broadcaster Astral Media Inc. under a deal that would see Bell divest Astral’s interest in several specialty and pay TV channels.

Bell parent BCE Inc. said it has committed to sell the properties through an agreement with the Competition Bureau and an amended filing with broadcast regulator the CRTC aimed at easing public concerns over media ownership concentration.

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