SJR.B:CC - Bell Telus push to block Quebecor purchase of Shaw's wireless unit - Reuters
Canadian telecom giants Bell (NYSE:BCE) and Telus (NYSE:TU) are pushing the government to block Quebecor (OTCPK:QBCRF) from buying the wireless business of Shaw Communications (SJR), Reuters reports - a sale that was seen as potentially clearing the way toward a merger of Shaw with Rogers Communications (RCI). Bell and Telus each wrote letters to the government and to the country's competition bureau urging opposition to the sale, saying Quebecor has a history of not using government resources like spectrum that it had obtained. The opposition throws a new wrinkle into a long acquisition saga that has ended up most recently with Canada's antitrust agency blocking the Rogers-Shaw deal on competitive grounds. That deal may hang on the sale of Shaw's Freedom Mobile. The government has rejected prospective buyers for the business, but Reuters reported that a government source says Quebecor is a credible buyer for the business. The latest news
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Bell, Telus push to block Quebecor purchase of Shaw's wireless unit - Reuters