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Article: CRTC Approves Sale Of BCE.
- Article from:
- Mondaq Business Briefing
- Article date:
- June 5, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On March 27, 2008, the Canadian Radio-television and Telecommunications Commission (CRTC) granted conditional approval of the deal to privatize Bell Canada Enterprises (BCE), Canada's largest telecommunications company.
Under the transaction, BCE, which is also Canada's most widely held publicly traded company, would become owned by a small group of investors that includes the Ontario Teachers' Pension Plan (Teachers') and three American private-equity firms, Providence Equity Partners International VI L.P. and its affiliated investment funds (Providence), Madison Dearborn Capital Partners V L.P. and its affiliated investment funds (Madison) and Merrill ...