Newspaper article The Canadian Press

Court Approves BCE Friendly Takeover of Manitoba Telecom Services

Newspaper article The Canadian Press

Court Approves BCE Friendly Takeover of Manitoba Telecom Services

Article excerpt

Manitoba court gives its OK for MTS-BCE deal

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WINNIPEG - The proposed takeover of Manitoba Telecom Services by one of its rivals has taken another step forward.

The $3.9-billion friendly offer from BCE Inc. has received approval from the Manitoba Court of Queen's Bench.

Manitoba Telecom shareholders previously voted in favour of the deal, which would combine the province's largest telecom company with the group that owns Bell Canada.

The transaction remains subject to approvals from the federal minister for innovation and economic development, the CRTC and the Competition Bureau.

Some have raised concerns raised that consumers could face higher prices if Manitoba Telecom (TSX:MBT) is eliminated as an independent competitor to Bell and the other national mobile communications companies that operate in the province. …

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