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Bce Inc Receives Regulatory Approval For Astral Media Inc Bid-Reuters


Thursday, 27 Jun 2013 06:18pm EDT 

Reuters reported that Canada's broadcast regulator has approved a CAD3 billion ($2.86 billion) bid by Bce Inc to take over Astral Media Inc. The regulator, the Canadian Radio-television and Telecommunications Commission, had initially rejected the deal last year, saying it would make BCE far too dominant. BCE and Astral subsequently revised their agreement and promised to divest 11 television channels and 10 radio stations. 

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