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Competition Bureau clears Astral’s acquisition by Bell

Astral Media Inc. today announced that the Canadian Competition Bureau (the “Bureau”) has issued a “no action letter” in connection with its previously announced acquisition by BCE Inc. (“Bell”). The issuance of this letter constitutes one of the two required regulatory approvals contemplated in the arrangement agreement entered into by Astral and Bell in connection with the transaction. 

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CRTC denies BCE’s bid to acquire Astral

Today, the Canadian Radio-television and Telecommunications Commission (CRTC) denied BCE’s application to acquire control of Astral Media’s television and radio services because it is not in the public interest. Astral Media operates 84 radio stations and 20 pay and specialty television channels in both official languages.